Naira strengthens against dollar as reserves hit $50.12 billion
The naira strengthens to N1,362.84 as Nigeria's foreign reserves surge to $50.12 billion.
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The naira strengthens to N1,362.84 as Nigeria's foreign reserves surge to $50.12 billion.
The naira traded steadily at ₦1,373.25 per dollar on Tuesday as forex supplies remained stable.
The naira weakened against the dollar as forex market turnover fell 47 percent during the week.
Afrinvest Report Warns of Continued Forex Challenges for Nigeria The Nigerian Naira could depreciate to a fair value of N1,804...
The naira gained ground against the dollar at the official foreign exchange market on Thursday, appreciating to N1,658.57 per dollar,...
CBN's decision to increase the interest rate to 17.5% pushed down the value of Naira at the different foreign exchange markets.
The exchange rate between the naira and the dollar between the parallel and official markets has widened to over N500, OduNews reports.
The naira on Thursday traded at N441.67 per dollar at the Investors and Exporters window of the forex market and N774/$ at the peer-to-peer segment.
The naira fell further against the dollar at the black market and significant variations occurred at the various FX market segments, OduNews reports.
[ODUNEWS] July 27 – The exchange rate between the Nigeria Naira(₦) and the US dollar($) has fallen to a record...
The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market...