Bismarck Rewane, chief executive officer (CEO) of Financial Derivative, says low foreign exchange (FX) inflow and the lack of confidence in the local currency are responsible for the continuous fall
Tag "dollar/naira"
The naira fell to an all-time low of N950 to a single dollar at the parallel market on Thursday afternoon. The figure represents a N53 or 5.9 percent depreciation compared
The International Monetary Fund (IMF) says the appreciation of the US dollar affects emerging market economies more adversely than developed economies. Emerging markets include Nigeria, Egypt, Iran, Pakistan, Russia, Saudi
The naira, Nigeria’s legal tender, closed at N803.9 per dollar at the investors and exporters (I&E) foreign exchange window on Friday. The figure is the highest intra-day rate ever recorded
The naira, on Friday, tumbled to N775 per dollar at the parallel section of the foreign exchange market. The figure
The World Bank says the naira, Nigeria’s legal tender, lost 10.2 percent of its value against the United States dollar
The naira, on Thursday, appreciated to N752 per dollar at the parallel section of the foreign exchange (FX) market, popularly
The naira, on Wednesday, depreciated further against the dollar at the parallel section of the foreign exchange market. Bureaux De
Fitch Ratings, a global credit ratings agency, says the cash shortage in Nigeria may reduce consumer spending and boost demand
The naira has dropped to N748 per dollar at the parallel section of the foreign exchange (FX) market, popularly called
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