On Monday, September 23, 2024, the exchange rate between Nigerian naira and US dollar dropped to N1,562.66 at the Investor and Exporter (I&E) window.
...
The Manufacturers Association of Nigeria (MAN) from the Cross River and Akwa Ibom areas says that changes in foreign exchange rates are a big problem for their work.
On Monday, the Acting Chairman, Mr. Usen Umoh, spoke at the association’s...
The Naira's value has dropped a lot in one year since Yemi Cardoso became the boss of the Central Bank of Nigeria (CBN).Data from FMDQ shows that the Naira fell from N747.76 per $1 on September 22, 2023, to...
The naira, which is Nigeria's currency, improved against the US dollar, closing at N1,541.52 on Friday, September 20, 2024, in the official Investor and Exporter (I&E) window.
This small gain of 0.16% is from the N1,544.02...
The Nigerian naira has traded for the third day in a row against the dollar at the same rate of N1,650 for $1 in the street market. In the official market, data from NAFEM showed that the local currency...
On Thursday, the local money didn't change much against the US dollar. Even though the US Central Bank lowered its interest rates, the dollar stayed strong. This was because they also hinted they might raise the rates again in...
On Wednesday, September 18, 2024, the value of the naira compared to the US dollar became better. It was N1,539.65 for each dollar. This happened because the dollar got weaker when the U.S. Federal Reserve cut their...
On Wednesday, the U.S. Federal Reserve made a big decision. They decided to cut their interest rates by 0.5%. This is a big change because more analysts think it will start a time where they keep lowering...
The value of Nigeria’s money, called the naira, compared to US dollars went down to N1,656.49 at the official exchange place on Tuesday, September 17, 2024.This is a 7.12% drop from N1,639.20 on September 13, 2024, even though there...
The Naira has lost over N100 against the U.S. dollar in the official foreign exchange window, despite slower inflation in August.
According to the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira was sold at N1,656...
