The naira got lower this July. On Friday, July 12, 2024, one dollar was worth N1,563.80. This was after a little rise the day before.
As per FMDQ, the naira lost value...
The Central Bank of Nigeria (CBN) has made a big move to help the country's money market by selling $122.67 million to 46 authorized dealers.Â
This action is to make the market stable and stop sudden changes. The exchange rate...
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The naira started Thursday’s session at the lower end of...
Nigeria’s external reserves have grown again and now stand at $35.05 billion as of July 8, 2024.
The central bank's data, reviewed by Newslodge, confirms this increase.
This is the highest level since May 30,...
The value of the naira, Nigeria's money, went down a lot in its exchange market. On Wednesday, July 10, 2024, the rate was N1,561.98 for every $1. This is called depreciation.The FMDQ Securities Exchange, which keeps track of these...
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<div><p><span data-contrast="auto">The exchange rate for import duties by the Nigeria Customs Service (NCS) is going up. It's now N1549 for 1 USD according to the latest update on the customs exchange...
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<p>Before Federal Reserve Chair Jerome Powell spoke, the safe-haven currency had some strength. But, the naira, Nigeria's money, fell a little during the first trading day of the week.</p>
<p>The naira has been losing value for...
The amount of money outside Nigerian banks is now N3.71 trillion in May 2024.
This info comes from the Central Bank of Nigeria (CBN).
This new high shows people trust banks less or like using...
Nigeria's external reserves have grown again, now at $34.66 billion as of July 4, 2024. This is a 13-month high.
This information comes from Newslodge' historical records of the central bank's external...
