Naira Hits N1,500 per Dollar in Black Market as FX Pressure Resurfaces
The naira eased to N1,500 per dollar in the black market on February 28, 2025, giving up some of the
Dotun Ajiboye February 28, 2025
- March 16, 2025
The naira eased to N1,500 per dollar in the black market on February 28, 2025, giving up some of the
In its recently released 2024 full-year earnings, MTN Nigeria Communications Plc reported a staggering ₦925.4 billion in foreign exchange losses,
Nigeria’s foreign reserves have been on a downward trajectory for 33 consecutive days. According to data compiled by Bloomberg, the
The Nigerian naira has recently demonstrated notable resilience against the U.S. dollar in both official and parallel foreign exchange markets.
Investment firm Comercio Partners projects that the naira could depreciate to approximately ₦1,700 per dollar by mid-2025, highlighting enduring structural
The Nigerian Naira has made notable gains against the US Dollar in the parallel (black) market. On Thursday, the currency
The Naira is showing signs of recovery and stability, with key improvements recorded in both the official and parallel markets.
The Bode Agusto report on the Nigerian economy in 2025 provides a nuanced assessment of the critical role foreign exchange
A report by BMI Research, a subsidiary of Fitch Solutions, forecasts significant constraints on the import of critical medical supplies
At the Access Bank Customer Forum held in Lagos on Thursday, Bismarck Rewane, Managing Director of Financial Derivatives Company, made
The Nigerian Naira has shown recovery against the U.S. dollar in anticipation of key U.S. inflation data. With the Naira
In a concerning development for Nigeria’s economic landscape, the Naira has plummeted to a three-week low, concluding at N1,488.60 per
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