Tag: *Naira Depreciation
Naira Drops as $2000 Equals 1,800,000 in Forex Market
The Nigerian naira weakened further on as the exchange rate hit 900,000 naira for $1,000 and 1,800,000 naira for $2,000 in the parallel forex market, according to traders and data from financial platforms....
CBN Sets Dollar-to-Naira Exchange Rate for Today
The Central Bank of Nigeria (CBN) set the official exchange rate for the U.S. dollar to the naira at ₦1,380/$1 for today, marking a slight adjustment from previous levels. The announcement, made in Abuja,...
Naira Falls to 200 Per Dollar as Currency Slumps Further
The Nigerian naira plunged to a record low of 200 per dollar on Monday, marking its steepest decline in months amid worsening economic pressures. The Central Bank of Nigeria (CBN) confirmed the slump, attributing...
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...
Naira Drops to 1,000 per Dollar Amid Economic Pressures
The Nigerian naira plummeted to a record low of 1,000 per U.S. dollar on Monday amid escalating economic pressures, marking the currency’s steepest decline in history. The Central Bank of Nigeria (CBN) confirmed the...
Naira Drops to New Low Against Dollar Today
The Nigerian naira weakened to a new record low against the U.S. dollar on Monday, trading at 1,300 naira per dollar in the parallel market, according to local currency traders. The decline marks the...