Despite the Rising Inflation, Naira Inches Northward in Value

The Nigerian naira, gained against the US dollar on Wednesday despite the country’s soaring inflation rate. According to data from FMDQ, the Nigerian firmed against the Dollar to N818/$1 on Wednesday compared to N850.22/$1 exchanged on Tuesday. The figure represents a N31.23 gain compared to the exchange rate on the previous day. Meanwhile, at a […]

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Naira in Free Fall against the Dollar Following CBN’s New Policy

The Naira has crashed against the dollar at the official investor and exporter window to exchange N664.04/$1 on Wednesday. The development follows the decision of the Central Bank of Nigeria to allow commercial banks and dealers to sell forex at market-determined rates. Data from the FMDQ where forex is traded by investors and exporters closed […]

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Naira Settles for N1,200 to the Dollar

JUST IN ! CBN Devalues Naira after Meeting with President

The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters (I&E) window the previous day. The devaluation came 48 hours after President Bola Ahmed Tinubu, in his inaugural speech on Monday, said the apex bank must work towards a unified exchange […]

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