naira weakens

Naira Weakens at Official Market as CBN Begins Clearing FX Backlogs

November 3, 2023

By Adedapo Adesanya The Nigerian Naira weakened against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Thursday, November 2 but

Economy

Naira Weakens to N773.98/$1 at I&E, N971/$1 at P2P, N964/$1 at Black Market

September 19, 2023

Adedapo Adesanya

By Adedapo Adesanya The Naira opened the new week on a negative note against the US Dollar in the Investors and Exporters (I&E), black

Economy

Naira Weakens at Official Market, P2P, Black Market

August 22, 2023

Adedapo Adesanya

By Adedapo Adesanya The Nigerian Naira weakened on the American Dollar across various segments of the foreign exchange (forex) on Monday, as the buzz

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

Economy

Naira Weakens Across FX Windows as CBN Hikes Interest Rate by 100bps

January 25, 2023

Adedapo Adesanya

By Adedapo Adesanya The foreign exchange (FX) market in Nigeria reacted negatively to the decision of the Central Bank of Nigeria (CBN) to raise

Economy

Fear as Naira Devalues to N765/$1 at Black Market

October 25, 2022

Dipo Olowookere

By Dipo Olowookere The exchange rate of the Naira to the Dollar in the black market window of the foreign exchange (forex) market in

Economy

CBN Crypto Ban Backfires as Naira Weakens to N401/$1 at I&E

February 10, 2021

Adedapo Adesanya

By Adedapo Adesanya, Ahmed Rahma The recent hammering of the Naira at the Investors and Exporters (I&E) window of the foreign exchange (forex) market

Economy

Naira Weakens Against Dollar at Black Market, I&E

January 15, 2021

Adedapo Adesanya

By Adedapo Adesanya, Ahmed Rahma The value of the Naira against the Dollar moved southwards on Thursday at the Investors and Exporters (I&E) and

Economy

Naira Weakens at Forex Market as Foreign Reserves Drop to $43b

October 14, 2018

Dipo Olowookere

By Dipo Olowookere The local currency put up a weak performance at the foreign exchange (forex) market last week amid declining external reserves that

Economy

Naira Weakens on More Demand for Dollar, Declining Reserves

September 30, 2018

Dipo Olowookere

By Dipo Olowookere The continuous increase in demand for the greenback by foreign portfolio investors (FPIs) weakened the local currency at the foreign exchange

Suggestions

Recent Posts