Naira Strengthens to N1,346/$1 at Official Market
Nigeria's currency, the Naira, has appreciated to N1,346 per dollar at the official market, according to Business Post Nigeria.
Nigeria's currency, the Naira, has appreciated to N1,346 per dollar at the official market, according to Business Post Nigeria.
The Nigerian naira has appreciated against the US dollar, trading at N1,346.2565, at the Central Bank of Nigeria's (CBN) official foreign exchange (FX) window.
The Naira continued its free fall against the United States dollar today, with the exchange rate at N1,367.61 per dollar.
The Nigerian naira has depreciated to N1,367 per dollar in the parallel market, according to data from the Central Bank of Nigeria.
Finance Minister, Oyedele, has revealed that the Naira's exchange rate could rise to N4,000 per dollar due to the ongoing fuel subsidy.
On Thursday, the naira maintained a relatively stable exchange rate against the US dollar across both the official and parallel markets.
The Central Bank of Nigeria (CBN) has urged Nigerians to handle the local currency with care, stating that doing so would help extend its lifespan and reduce the…
As inflation soars in Nigeria, the country's N5, N10, and N20 notes are increasingly becoming less effective for everyday transactions.