Naira extends appreciation against US dollar
The naira continued to strengthen against the US dollar at Nigeria’s official foreign exchange market on Wednesday. Data from the Central Bank of Nigeria showed that the currency improved slightly to ₦1,418.26 per dollar, compared with ₦1,419.07 recorded on Tuesday. This means the naira gained about 80 kobo in one day, continuing its recent upward […]
Naira records depreciation against US dollar ahead of new year
The naira has recorded a slight depreciation against the United States dollar at the official foreign exchange market ahead of the new year. Data from the Central Bank of Nigeria showed that the naira weakened to ₦1,445.68 per dollar, compared to ₦1,442.51 recorded the previous day. This means the local currency lost about ₦3.17 against […]
Naira continues depreciation against dollar at official market
Nigeria’s local currency, the naira, continued to lose strength against the United States dollar and other major currencies at the official foreign exchange market on Tuesday. According to the Central Bank of Nigeria (CBN), the naira could not recover, sliding further to ₦1,534.93 per dollar compared to ₦1,533.67 on Monday. This means the naira dropped […]
Fuel price nears N1,000 per litre in Nigeria as marketers, retailers trade blame
Fuel prices across Nigeria are nearing N1,000 per litre, sparking blame between petroleum marketers and retail fuel station owners. As Nigerians struggle with the rising cost of living, this increase in fuel prices is only adding more pressure. Earlier this week, it was reported that the Nigerian National Petroleum Company Limited (NNPCL) increased fuel prices […]
How Nigerians can enjoy cheaper PMS – Kalu Aja
Nigerians continue to deal with rising fuel prices, but a financial expert has shared some insight into what’s really causing the high cost and what can be done about it. Kalu Aja, a well-known financial educator, recently posted on X (formerly Twitter) that the average price of petrol in Nigeria is about ₦1027.75 per litre. […]
Naira bounces back, appreciates against dollar at foreign exchange market
The Nigerian currency, naira, saw a positive turn as it gained value against the US dollar in the official foreign exchange market on Thursday. According to the Central Bank of Nigeria, the naira’s exchange rate improved to N1586.15 per dollar on Thursday, compared to N1590.74 recorded on Wednesday. This means the naira went up by […]
Naira records highest depreciation against dollar at official market
The Naira saw a significant drop against the dollar in the official foreign exchange market on Friday, closing the week on a negative note. According to data from the Central Bank of Nigeria, the Naira fell to N1,602.18 per dollar on Friday, down from N1,596.68 on Thursday. This shows a daily decline of N5.492, marking […]