The value of Nigeria's money, called the naira, is predicted to become steady compared to the US dollar by the end of 2024. It will be in a strong position by then.This prediction comes from a new report by...
On October 4, 2024, the money called naira got a little stronger against the U.S. dollar. It ended the day at N1,631.21 when people exchanged money. This happened while the world oil price was thinking about reaching $80 per...
The Central Bank of Nigeria (CBN) told everyone that they gave $543.5 million to certain banks between September 6 and September 30.Omolara Duke, who works at the CBN, said this happened over 11 days in a way that lets...
In Nigeria, the people who sell and exchange money, called Bureau De Change (BDC) operators, say that the value of the Naira has gone down because there is less foreign money available. This is happening because places where they...
On October 3, 2024, Nigeria's money, called the naira, became a little stronger compared to the U.S. dollar. It was worth N1,659.26 at the end of the day when people were exchanging money in the official Investor and Exporter...
The local currency slumped against the haven currency in the official trading session of the month, while the dollar index showed some gains on Friday.
The naira settled at N1,598/$1 at the official window, according to data from the Nigerian...
On October 2, 2024, the Nigerian naira lost value compared to the US dollar. It closed at N1,669.15 in the special I&E market where investors trade currencies.This was an 8.25% drop from N1,541, which was the value at the...
In September 2024, the Naira ended at N1,541 on the official NAFEM window. This was a bit better than its performance in July and August 2024.But, in the parallel market, the Naira wasn't doing so great. It dropped to...
The Nigerian currency, called the naira, had a tough end last month. On Monday, September 30, 2024, it was trading at N1,541.94 for $1. But during the whole month, it showed some strength.
At the beginning...
