naira

23 Articles
Economy

Naira Strengthens in Parallel Market but Depreciates in Official FX Market

The Naira appreciated marginally in the parallel market yesterday, improving to ₦1,660 per dollar from ₦1,662 per dollar recorded over the weekend. However,...

Economy

Naira Depreciates Further Against the Dollar Across FX Markets

The naira experienced renewed depreciation against the dollar on Wednesday at both the official and black market foreign exchange rates. Data from FMDQ...

Economy

Naira Strengthens as Dollar Supply Increases by 117% in the Forex Market

The supply of the U.S. Dollar and other foreign currencies surged by 117 percent at Nigeria's foreign exchange (FX) market on Friday, boosting...