Data from the FMDQ Security Exchange official forex trading platform revealed that the Naira lost N20.82. This represents a 1.4 per cent loss when compared to the previous trading day on Friday, Jan.
The Central Bank of Nigeria, CBN, on Monday released the Nigeria Foreign Exchange (FX) Code as the Naira appreciated against ...
The Naira appreciated against the dollar at the parallel exchange market on Monday. A Bureau de Change operator in Wuse Zone ...
While the naira showed stability against the dollar at the official market, it dipped by N13 on Thursday on the black market ... in response to Nigeria’s inflation rate.
Nigeria’s annual inflation rate climbed to a near 29-year high in December, before an overhaul of the data later this month that may lower the gauge. Consumer prices rose 34.8%, compared with 34 ...
The Nigerian currency ... N0.76 against the dollar. In the black market, the naira gained N7 against the dollar to trade at N1,660/$1 as against the previous rate of N1,667/$1.
However, in the unit’s third quarter results statement, it noted that inflation has remained elevated because of rising energy prices and the depreciation of Nigeria’s currency, the naira.
Inflation rose sharply after President Bola Tinubu devalued the naira currency ... bank hiked interest rates six times last year to try to get inflation under control. Nigeria's government expects ...
Nigeria’s annual inflation rate rose to ... s removal of petrol subsidies and adoption a floating exchange rate for the naira. This shift has led to a steep increase in the cost of staple ...
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Naira depreciated slightly against the United States dollar at the authorised forex market on Monday, market data published by FMDQ showed. According to the data, the naira closed Monday at N1,548 ...