What Gives The Naira Its Value Whether Weak Or Strong
Paying for goods and services in Nigeria is done with naira notes for a reason – it is the government designated currency. Governments give currencies …
Tag: Naira
Naira Rate Stable For NAFEX And The Parallel Market, Turnover Falls
For two days in a row, the parallel market maintained a stable naira rate of ₦472/$1 and closed the same on Wednesday, July 22, 2020. …
Naira Weakens Further At The Parallel Market Trades 472/Dollar
The naira which traded at 470 at the parallel market almost all throughout last week has further dropped this week. The closing rate of the …
WEEKAHEAD-Africa FX – Naira Weakens Against Dollars
The week ahead doesn’t look too good for the Kenyan and Nigerian currencies. Reuters Africa reports that both naira and shilling currencies will likely come …
Different Exchange Rates Of Nigerian Naira Explained
After a 5.5% devaluation of the naira to 381 per dollar, trading has been chaotic and Central Bank is the yet to officially announce it. …
Naira Drops as Exchange Rates in Nigeria to Be Unified
There has been an indication that the weakening reserves of Nigeria would necessitate conservation as the Minister of Finance Zainab Ahmed pointed out. She said …
Naira/Dollar – Naira is a long way from recovering this weakness
As oil prices continue to plunge, Naira follows right after it. As of Friday, Nigeria’s currency was at about 500 Naira/dollar in the black market. …
Naira at 420/USD in the black market for the first time in three years
The USD has soared above the Nigerian naira to be at 420/dollar in the black market this Tuesday. The last time naira fell in a …
ECOWAS to Introduce Common Currency ‘Eco’
While meeting at Nigeria’s capital Abuja to discuss regional security and integration, West African leaders and heads of states also spoke of launching the common …