Naira down to N1,655/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated to N1,655 per dollar in the parallel market from N1,650 per dollar on Tuesday. Likewise, the Naira depreciated to N1,545 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) […]
CBN ready to use all tools to manage inflation — Cardoso
“With the reforms that are being taken right now, it will put Nigeria in a far better position to see the increase on the growth side”
Naira rises to N1,730/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,730 per dollar in the parallel market from N1,740 per dollar last weekend. However, the Naira depreciated to N1,670.65 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,670.65 per dollar from N1,600 […]
Cartoon: Moving from ‘Change’ to ‘Renewed Hope’ is expensive
Cartoon: Moving from ‘Change’ to ‘Renewed Hope’ is expensive
Naira appreciates to N1,715 in parallel market
By Elizabeth Adegbesan However, the Naira yesterday appreciated to N1,715 per dollar in the parallel market from N1,725 per dollar last weekend. However, the Naira yesterday depreciated to N1,603.16 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,603.16 per dollar […]
Why Naira is worst performing currency, crashes further to N1,710/$
Against the backdrop of the abysmal performance of Nigeria’s currency in the international market, financial analysts have indicated that the Naira is still facing more distortions that could further erode its value.
