Why Naira Is Bouncing Back Massively Against Dollars …C0NTINUE READING HERE >>> The newly implemented foreign exchange market system by the Central Bank of Nigeria (CBN) has been credited for the recent surge in the value of Nigeria’s currency, the Naira, against major global currencies. Bankers speaking to Vanguard attributed the Naira’s appreciation to the … Read more
Naira Appreciates, But Dollar Turnover Drops 44% …C0NTINUE READING HERE >>> Nigeria’s currency, the Naira, experienced a significant appreciation yesterday, gaining N10 against the US dollar in the parallel market to trade at N1,680 per dollar. Henzodaily reports that this marks a notable improvement from last weekend’s rate of N1,690 per dollar. In the Nigerian … Read more
Naira Records Gain Against US Dollar As FX Turnover Increases …C0NTINUE READING HERE >>> The naira has appreciated against the US Dollar. Newsone Nigeria reports that Nigeria’s official legal tender, the naira recorded its first gain against the dollar on the foreign exchange market on Tuesday, August 27, 2024, as FX transaction turnover increased. The FMDQ data … Read more