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Jonathan NwokporIn light of the ongoing foreign exchange crisis, the Central Bank of Nigeria increased the exchange rate for cargo clearance to N1,605 per US dollar, marking the sixth rise in
Read MoreJonathan NwokporAt the end of business on Friday, the value of the Naira relative to the US dollar had drastically decreased. This is in spite of recent actions by the Central
Read MoreJonathan NwokporUS dollar supply at the official foreign exchange market jumped last Friday, reaching 180.59 percent to $440.13 million as commercial banks scrambled to evade regulatory sanctions from the Central Bank
Read MoreJonathan NwokporThe proposal to convert $30 billion in deposits in domiciliary accounts to naira has been rejected by the Central Bank of Nigeria or CBN. The CBN reacted in response to
Read MoreJonathan NwokporAt the end of January 2024, the Naira saw a slight increase against the US dollar on the official foreign exchange market due to the Central Bank of Nigeria’s recent
Read MoreJonathan NwokporOn Monday, the Naira hit an all-time low of N1,348.63 versus the US dollar in the foreign exchange market. The Naira dropped from N891.90 on Friday to a record low
Read MoreJonathan NwokporThe greatest economy in Africa saw its currency, the Naira, drop by a staggering 49% year to date, ending 2023 on Friday at N907.11 per US dollar. The official exchange
Read MoreJonathan NwokporThe Nigerian Naira saw a small decline in value relative to the US dollar in the official Nigerian Autonomous Foreign Exchange Market (NAFEM), but it appreciated on the black market.
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