The Nigerian naira has recently demonstrated notable resilience against the U.S. dollar in both official and parallel foreign exchange markets.
The Nigerian naira is showing unusual strength in the unofficial market this year. In early Tuesday trading in Nigeria’s business
The Naira to Dollar rate fell to N1,750 on the parallel market popularly called the ‘black market’ on Wednesday as a
The Nigerian naira remained stuck at N1600/$ in the black market on Wednesday, despite improving fundamentals in the country’s foreign
On Monday, the Naira appreciated at the official market, trading at N1,607.15 to the dollar. Data from the FMDQ Exchange,
Key Points The Nigerian Naira depreciates against the US Dollar by 0.47% on the official exchange market. The exchange rate
She warned that restricting naira transactions on cryptocurrency exchanges could drive Nigerians to US dollar-denominated assets, worsening the naira’s
If we agree that transparency is increasingly of the essence, then the Central Bank must also stop leaning against the
While domestic debt remains a large share of Nigeria’s rising debt, there has been a growing reliance on external loans
The exchange rate or the external value of the naira is the most important price in the Nigerian economy. Hence,
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