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Jonathan NwokporIn reaction to President Bola Tinubu’s N70,000 new national minimum hike, the naira saw a notable gain on Thursday in both the official and foreign exchange illicit markets. The naira
Read MoreJonathan NwokporFor the first time this week, the naira saw appreciation on Tuesday. According to FMDQ statistics, on Tuesday, the naira appreciated little against the dollar in the forex market, trading
Read MoreJonathan NwokporIn the last nine days, the naira has lost more value in the foreign currency market when compared to the dollar. The naira dropped from N1507.83 on Wednesday to N1510.10
Read MoreJonathan NwokporAs trade on the foreign currency market restarted, the value of the naira continued to decline against the dollar. The naira dropped to about N1505 against the dollar on Monday
Read MoreJonathan NwokporIn the foreign currency market, the Naira saw its first significant depreciation versus the dollar 24 hours after President Bola Ahmed Tinubu’s first anniversary. The Naira lost value versus the
Read MoreJonathan NwokporAmid Naira’s growth, the official foreign exchange market’s supply of US dollars increased to 93%. According to FMDQ data, the volume of forex transactions jumped from $83.5 million on Friday
Read MoreJonathan NwokporThe Naira saw its first N61.38 increase vs the US dollar at the official foreign exchange market, following weeks of deterioration. According to FMDQ data, the value of a dollar
Read MoreJonathan NwokporAt the official foreign exchange market this week, the naira saw its first increase versus the US dollar. According to FMDQ data, the value of a dollar increased from N1,419.11
Read MoreJonathan NwokporAt the official foreign exchange market, the value of the naira decreased by N79.88 relative to the US dollar. The naira closed at N1,419.11 per US dollar on Monday, down
Read MoreJonathan NwokporAminu Gwadabe, the president of the Association of Bureau De Change Operators of Nigeria, or ABCON, has stated that the BDCs and the Central Bank of Nigeria, or CBN, are
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