local currency

Local Currency Gains 0.3% on Dollar to Close at N1,251/$1

April 6, 2024

By Adedapo Adesanya The local currency appreciated against its American counterpart at the Nigerian Autonomous Foreign Exchange Market (NAFEM) for the fourth straight session

Economy

Local Currency Gains 0.22% to Close at N1,602/$1 at Official Market

March 8, 2024

Adedapo Adesanya

By Adedapo Adesanya The Naira recorded an appreciated against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Thursday, March

Economy

Naira Trades N843.07/$1 at NAFEM, N1,180/$1 at Black Market

December 8, 2023

Adedapo Adesanya

By Adedapo Adesanya The Naira recovered from the previous day’s loss after closing stronger against the US Dollar in the Nigerian Autonomous Foreign Exchange

Economy

Naira Recovers After Early Scare Triggered by FX Scarcity

August 11, 2023

Adedapo Adesanya

By Adedapo Adesanya The Nigerian Naira made some recoveries against the US Dollar in the Investors and Exporters (I&E) and the Peer-2-Peer (P2P) windows

Economy

Naira Continues Fall, Trades N775/$1 at P2P, N752/$ at Black Market

June 7, 2023

Adedapo Adesanya

By Adedapo Adesanya The Naira showed no signs of regaining strength in the parallel market and the Peer-to-Peer (P2P) segments of the foreign exchange

Economy

Local Currency Tumbles in Black, Official Markets, Gains at P2P

April 19, 2023

Adedapo Adesanya

By Adedapo Adesanya The local currency edged the US Dollar in the Peer-2-Peer (P2P) window of the foreign exchange (FX) market but tumbled in

Economy

Local Currency Appreciates at I&E, P2P, Parallel Market

March 10, 2023

Adedapo Adesanya

By Adedapo Adesanya The local currency extended its strong performance against the US Dollar in the Peer-2-Peer (P2P), the parallel market, and the Investors

Economy

Local Currency Falls at I&E, Gains at P2P, Black Market

February 11, 2023

Adedapo Adesanya

By Adedapo Adesanya The Naira depreciated against the United States Dollar in the Investors and Exporters (I&E) segment of the foreign exchange (FX) market

Economy

Local Currency Appreciates at P2P, I&E, Depreciates at Black Market

February 4, 2023

Adedapo Adesanya

By Adedapo Adesanya The local currency appreciated by N2 on the United States Dollar at the Peer-2-Peer (P2P) foreign exchange (FX) window, closing at

Economy

Naira Weakens on Cash Crunch, Higher Demand for Dollars

February 3, 2023

Adedapo Adesanya

By Adedapo Adesanya The Naira depreciated against the Dollar at the different segments of the foreign exchange (FX) market on Thursday, February 2. The

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