Naira Weakens at Official Market as CBN Begins Clearing FX Backlogs
Adedapo Adesanya By Adedapo Adesanya The Nigerian Naira weakened against the US Dollar in the Nigerian Autonomous Foreign Exchange Market…
naira weakens
Naira Weakens to N773.98/$1 at I&E, N971/$1 at P2P, N964/$1 at Black Market
By Adedapo Adesanya The Naira opened the new week on a negative note against the US Dollar in…
Naira Weakens at Official Market, P2P, Black Market
By Adedapo Adesanya The Nigerian Naira weakened on the American Dollar across various segments of the foreign exchange…
Naira Weakens on Cash Crunch, Higher Demand for Dollars
By Adedapo Adesanya The Naira depreciated against the Dollar at the different segments of the foreign exchange (FX)…
Naira Weakens Across FX Windows as CBN Hikes Interest Rate by 100bps
By Adedapo Adesanya The foreign exchange (FX) market in Nigeria reacted negatively to the decision of the Central…
Fear as Naira Devalues to N765/$1 at Black Market
Dipo Olowookere By Dipo Olowookere The exchange rate of the Naira to the Dollar in the black market window of…
CBN Crypto Ban Backfires as Naira Weakens to N401/$1 at I&E
By Adedapo Adesanya, Ahmed Rahma The recent hammering of the Naira at the Investors and Exporters (I&E) window…
Naira Weakens Against Dollar at Black Market, I&E
By Adedapo Adesanya, Ahmed Rahma The value of the Naira against the Dollar moved southwards on Thursday at…
Naira Weakens at Forex Market as Foreign Reserves Drop to $43b
By Dipo Olowookere The local currency put up a weak performance at the foreign exchange (forex) market last…
Naira Weakens on More Demand for Dollar, Declining Reserves
By Dipo Olowookere The continuous increase in demand for the greenback by foreign portfolio investors (FPIs) weakened the…