Naira
The Nigerian economy experienced massive foreign exchange inflows in the first half of this year, totalling over $7 billion more than the 2023 inflow.
The Central Bank of Nigeria has revealed that the exchange rate of the naira against the pound, euro, and dollar in the NAFEM window appreciated in value.
A Nigerian man who earns N30k has said he spends N7k on food every month. The man shared how he does it. His revelation sparked a debate on social media.
The Naira reversed its one-day gain against the US dollar in the official market, depreciating to N1,625.13 as against the N1,561 it traded the previous day.
Singer Naira Marley was remembered by netizens after he was seen having a good time at a party. He rocked a N6m shirt which attracted mixed reactions online.
The naira's exchange rate rose by 4.49 per cent in the official market on Tuesday, October 9, 2024, closing at N1,561 as against N1,635 on Monday, October 8, 2024.
Despite the CBN's efforts, the naira has depreciated once again in value against the dollar, British pound, and euro in the foreign exchange market.
The Nigerian currency, the naira, rose in the official and parallel markets on Friday, October 4, 2024, following the increase in global crude oil prices.
The Central Bank of Nigeria (CBN) has disclosed that it carried out forex sales amounting to $543.5 million to an average of 26 authorised dealer banks in 11 days.
Naira
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