Naira records all-time fall at official market
Demand pressure continued on Friday at the official market, as naira fell to an all time low of N451.50 against the dollar due to shortage of the greenback at the Investors and Exporters…
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Exchange rate
Rising cost of doing business in Nigeria: A cause for worry
It is no longer news that the cost of doing business in Nigeria has gone through the roof, causing unquantifiable harm to businesses, government and the citizenry. Currently, businesses are…
Naira swings to loss after one-week gain
The naira depreciated against the dollar on Monday after gaining 26.24 percent last week at the parallel market.
The local currency lost 8.24 of its value after trading as the dollar…
Forex crisis in Nigeria’s economy
Perhaps, the biggest crisis faced by investors in the Nigerian economy today is the foreign exchange (forex) crisis.
This crisis has three major dimensions. The unprecedented sharp…
Naira appreciates against dollar across markets as demand moderates
The nation’s currency on Tuesday appreciated against the dollar across foreign exchange market segments following a moderation in demand for the greenback, traders told BusinessDay.
After…