Tag: Forex Market Volatility
CFA to Naira Exchange Rate Drops Today
The Central African CFA franc to Nigerian naira exchange rate dropped sharply today, with the CFA trading at 45 naira per unit, down from 47 naira yesterday, according to official market data. The decline...
Mexico’s Peso Drops Against Nigerian Naira Amid Market Shifts
Mexico’s peso weakened against Nigeria’s naira amid shifting global market conditions, with the exchange rate reaching 13.50 naira per peso in early trading, according to financial data providers. The decline follows recent volatility in...
Naira Drops to $500 Amid Forex Market Turmoil
The Nigerian naira plunged to a record low of 1,500 per U.S. dollar on the parallel market on Monday, deepening economic uncertainty as forex scarcity worsened. The Central Bank of Nigeria (CBN) has not...
Naira Dips to 300 per Dollar Amid Economic Pressures
The Nigerian naira weakened to 300 per U.S. dollar on Thursday amid mounting economic pressures, according to data from the Central Bank of Nigeria (CBN). The devaluation marks a sharp decline from the official...
Naira Hits New Low: $100 Now Worth Over 1,000 Naira
The Nigerian naira hit a new record low against the U.S. dollar on , with $100 now exchanging for over 1,000 naira on the parallel market, according to financial analysts. The sharp depreciation reflects...