Tag : Naira

The naira fell to a new all-time-low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market on Monday. This indicates a loss of 3.93

The naira plunged further at the official window on Tuesday, closing at an all-time-low of N1,482 against the United States dollar. The local unit had

Manufacturers have predicted fresh hikes in the prices of commodities in the market to rise in response to the continued fall of the naira against

Photo caption: Minister of Finance and Coordinating Minister for the Economy, Olawale Edun Nigeria is seeking $1.5bn aid from the World Bank to tackle the

Nigeria’s foreign exchange reserves have fallen by $1.6bn to $32.97bn since the Central Bank of Nigeria tried to unify the country’s foreign exchange rates. On

The naira closed the week at N927.19/$ on the official Investor and Exporter forex window. This was a 16.64 per cent decline from the N794.89/$

The naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by 46.77 per cent. This is

Despite recent assurances by the Central Bank of Nigeria that there is enough naira in circulation, reports of scarcity have emerged across the country. A

The naira gained massively against the dollar on Friday as it closed at N791/dollar at the official market. This has brought some sanity to the

Former governor of the Central Bank of Nigeria, Muhammad Sanusi II, has said the apex bank’s lending to the federal government under the administration of