Naira depreciation to persist as reserves drops to 2yr low
The downward trend in the fortune of the naira against the dollar is expected to persist this week even as the nation’s external reserve falls to the lowest level in two years.
Naira converges around N360/$ at major Forex markets
The Naira on Thursday converged around N360 to the dollar in major segments of the foreign exchange market.
Naira crashed 1450% in 20 years of democracy
The exchange rate data above showed that the nation’s currency, the naira, suffered severe depreciation in the 20 years of Nigeria’s Fourth Republic.
Naira exchanges at N359.4 to dollar at parallel market
The naira on Monday traded at N359.04 to the dollar at the parallel market in Lagos.
Naira: Redesign, redenomination or revaluation?
THE primary reason for public rejection of lower Naira denominations, was identified, in this column, in the last fortnight, as their negligible purchasing values rather than the material of fabrication.
Stakeholders place cost of Apapa traffic at trillions of Naira
STAKEHOLDERS in the Nigerian maritime industry are putting figures together, calculating their losses due to the long-standing traffic gridlock in Apapa port area.
