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Tag: Exchange Rate
USD/NGN exchange rate appreciates massively
The Naira appreciated massively against the dollar upon resumption of trading at the official market on Monday. FMDQ data showed that the Naira appreciated to N1500.32 to the dollar on…
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Economists : Why Price Of Food Won’t Drop Immediately Despite Naira Appreciation
Economists have stated that it will take some time for Nigerians to feel the impact of the current strengthening of the naira against the dollar on the prices of commodities…
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Sell dollar in your possession, Oluwo charges rich Nigerians
The Oluwo of Owo, Oba Abdulrosheed Akanbi, has challenged wealthy Nigerians to demonstrate patriotism by selling dollars in their possession. Oba Akanbi who blamed the hike in the naira-dollar exchange…
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As Naira Loses 39%, Manufacturers May Embark On Mass Retrenchment
The naira has depreciated by 38.9 percent against the United States dollar at the official I&E window of the Central Bank of Nigeria in the past three months, according to…
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Naira drops further, exchanges at N945/$1
The Naira fell even more on Thursday in the black market, trading in Abuja at N945 to the dollar as opposed to N925 the day before. However, the Naira closed…
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