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Business

Naira Gains Strength as US Dollar Weakens

The Nigerian naira showed signs of recovery on Monday, strengthening against the US dollar in the official market. This positive movement comes as the...
Business

Nigeria’s Naira Hits 6-Month Low Against the US Dollar

The Nigerian naira has fallen to its lowest value in six months, trading at N1,625.88 to the US dollar on the official NAFEM market....
Exchange Rate

Naira Hits Record Low in July: Depreciates By N72.58 Against Dollar

The Nigerian Naira hit a new low, depreciating by N72.58 against the US dollar in July 2024. The FMDQ financial market report revealed that the...
Business

MTN Reports First Loss In Eight Years Due To Nigerian Naira Devaluation

MTN, Africa’s largest wireless carrier by revenue, has reported its first financial loss since 2016. The company posted a loss of R7.39 billion for...
Business

Naira Struggles Against Dollar Amid Declining Foreign Exchange Turnover

Naira has continued to depreciate against the US dollar in the foreign exchange market, with the trend persisting on Thursday. The latest data from the...
Business

Naira Gains N42.88 As CBN Launches RDUS Amid Protests

Based on FMDQ data from the past week, the Naira strengthened by N42.88 against the dollar in the foreign exchange market, following the Central...
Business

Naira Drops to N1,600 per Dollar in Black Market

The Nigerian currency, the Naira, has recently seen changes in its value compared to the US dollar. These changes are different depending on which...
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