Tuesday, December 5, 2023
MARKET UPDATE
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TheCable

Tag "Naira depreciation"

Naira hits all-time low, trades N1,000/$ at parallel market

    Naira hits all-time low, trades N1,000/$ at parallel market

Nigeria’s local currency, the naira, has set a new record, falling to its lowest against the dollar at the parallel market. Currency traders in Lagos, also known as Bureaux De

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Naira continues free fall, hits N995/$ at parallel market

    Naira continues free fall, hits N995/$ at parallel market

The naira has plunged further against the dollar at the parallel section of the foreign exchange (FX) market. Bureaux De Change operators (BDCs), who spoke to TheCable on Friday, quoted

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World Bank: Naira lost 10.2% of its value against dollar in 2022

    World Bank: Naira lost 10.2% of its value against dollar in 2022

The World Bank says the naira, Nigeria’s legal tender, lost 10.2 percent of its value against the United States dollar in 2022. In the latest edition of its Africa’s Pulse

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KPMG Nigeria: Naira may continue to depreciate amid decline in foreign capital inflows

    KPMG Nigeria: Naira may continue to depreciate amid decline in foreign capital inflows

KPMG Nigeria says the naira faces risk of further depreciation in 2023 due to the recent decline in foreign capital importation into Nigeria.  In an article released on Thursday, titled,

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Naira depreciation: EFCC arrests ‘currency speculator’ in Abuja

  Naira depreciation: EFCC arrests ‘currency speculator’ in Abuja

The Economic and Financial Crimes Commission (EFCC) has arrested one Mustapha Muhammed, better known as Mustapha Naira, over alleged currency

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‘Desist or risk arrest’– EFCC vows to clamp down on FX hoarders in Lagos, Kano

  ‘Desist or risk arrest’– EFCC vows to clamp down on FX hoarders in Lagos, Kano

Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), says the agency will go after persons and organisations

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Naira slides 0.5% to N581/$1 at parallel market

  Naira slides 0.5% to N581/$1 at parallel market

Nigerian naira traded at N581 per dollar on Friday at the parallel section of the foreign exchange market. The figure

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