exchange rate dollar to naira

Trump’s Tariff Tantrum and the Curious Rise of the Naira

Trump’s Tariff Tantrum and the Curious Rise of the Naira

By early 2025, Nigeria’s long-beleaguered currency has staged an unlikely comeback. The naira, following two brutal devaluations, is now among… Read More

2 months ago

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… Read More

2 months ago

Naira Dollar Exchange Rate: MTN Suffered ₦925.4 Billion Foreign Exchange Loss in 2024

In its recently released 2024 full-year earnings, MTN Nigeria Communications Plc reported a staggering ₦925.4 billion in foreign exchange losses,… Read More

2 months ago

Nigeria’s Foreign Reserves Drop for 33 Consecutive Days, Raising Concerns over Naira Exchange Rate Stability

Nigeria’s foreign reserves have been on a downward trajectory for 33 consecutive days. According to data compiled by Bloomberg, the… Read More

3 months ago

Dollar to Naira: Naira Stabilises at N1,515 at the Black Market

The Nigerian naira has recently demonstrated notable resilience against the U.S. dollar in both official and parallel foreign exchange markets.… Read More

3 months ago

Comercio Partners Projects Naira Drop to ₦1,700/$ as Policy Fragmentation Deepens Instability

Investment firm Comercio Partners projects that the naira could depreciate to approximately ₦1,700 per dollar by mid-2025, highlighting enduring structural… Read More

3 months ago

Naira Strengthens in the Black Market – Records Highest Single Day Gain Against the Dollar

The Nigerian Naira has made notable gains against the US Dollar in the parallel (black) market. On Thursday, the currency… Read More

3 months ago

Naira Is Stabilising: Exchange Rate Hits N1,493/$ at Official Market, N1,610/$ in Parallel Market

The Naira is showing signs of recovery and stability, with key improvements recorded in both the official and parallel markets.… Read More

3 months ago

Exchange Rate: Bode Agusto Forecasts Naira Will Stabilise at ₦1,600/$ By December 2025

The Bode Agusto report on the Nigerian economy in 2025 provides a nuanced assessment of the critical role foreign exchange… Read More

4 months ago

Naira USD Exchange Rate: Projection of NGN1993/USD Rate Contradicts BMI Report’s Gloomy Forecast for Medical Devices Industry

A report by BMI Research, a subsidiary of Fitch Solutions, forecasts significant constraints on the import of critical medical supplies… Read More

6 months ago

Dollar to Naira: “Naira to Stabilise at N1,555 to the Dollar,” Rewane projects

At the Access Bank Customer Forum held in Lagos on Thursday, Bismarck Rewane, Managing Director of Financial Derivatives Company, made… Read More

8 months ago

Naira Gains Momentum Ahead of U.S. Inflation Report

The Nigerian Naira has shown recovery against the U.S. dollar in anticipation of key U.S. inflation data. With the Naira… Read More

8 months ago