The Nigerian Naira has continued to depreciate, with the exchange rate falling to N1,435 per dollar in the parallel market …
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Naira Depreciates to N1,410/$ in Parallel Market, Appreciates in NAFEM to N1,354.21/$
The Nigerian Naira experienced a depreciation in the parallel market, dropping to N1,410 per dollar from N1,395 per dollar last …
Read More »CBN Raises Customs Duty Rate by 11.1% as Naira Loses 12%
The Central Bank of Nigeria (CBN) has increased the exchange rate for paying Customs duties at the nation’s seaports by …
Read More »Naira Plunges Seven Times Against Dollar in Foreign Exchange Market
The Nigerian Naira has experienced a significant downturn against the US Dollar in the foreign exchange market, with seven consecutive …
Read More »Naira’s Fluctuating Fortunes: Parallel Market Sees Appreciation to N1,060/$ as NAFEM Depreciates to N1,154.08/$
Nigeria’s currency, the Naira, experienced a significant swing in its exchange rates across different markets yesterday. While the parallel market …
Read More »Naira Plummets to N1,100 per Dollar in Parallel Market Amidst NAFEM Depreciation
The Nigerian Naira experienced a significant depreciation in both the parallel market and the Nigerian Foreign Exchange Market (NAFEM) on …
Read More »NACCIMA Opposes CBN’s Lifting of Forex Restrictions on Milk and Dairy Products
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has voiced its opposition to the Central Bank …
Read More »Naira Plunges to N1,600/$ in Parallel Market, US Dollar Hits Six-Week Low After Jobs Report Release
The Nigerian Naira experienced a significant depreciation at the parallel section of the foreign exchange market on Friday, reversing its …
Read More »IMF Warns of Potential 35% Depreciation of Naira and 44% Inflation in Nigeria
The International Monetary Fund (IMF) has recently issued a warning to Nigeria about the potential for further depreciation of the …
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