Naira to dollar

2024 - 2 - 20

Naira Rollercoaster: From Gains to Losses Against the Dollar

Actress Mercy Aigbe - Dollar - Economic Crisis - Exchange Rate - Foreign Exchange Turnover - Inflation - Monetary Reforms - Naira

Naira's exchange rate journey from highs to lows in the foreign exchange market will leave you amazed!

The naira experienced a rollercoaster ride against the US dollar in the foreign exchange market this week. Initially gaining marginally, it later hit new lows, leading to concerns about its value. The black market exchange rate also saw fluctuations, with the naira falling to alarming levels of N1825/$ and heading towards N2000. These developments have raised uncertainties about Nigeria's economic stability.

Amidst this turmoil, Nigeria faces an economic crisis as monetary reforms have not yielded the desired results. Inflation has been a significant factor contributing to the naira's depreciation, plunging the currency to record lows. The situation is exacerbated by the blame game, with some attributing the falling naira to economic saboteurs.

On a positive note, the official exchange rate has settled at N1551.24/$1, providing a glimmer of hope. The peer-to-peer market witnessed a surge in foreign exchange turnover, coinciding with the naira's slight strengthening against the dollar. Despite the challenges, there are efforts to stabilize the currency and mitigate the economic impact of the fluctuating exchange rates.

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Image courtesy of "Daily Post Nigeria"

Naira gains against US dollar at foreign exchange market (Daily Post Nigeria)

For the first since last week, the naira appreciated marginally against the US dollar on Tuesday at the foreign exchange market. Data from FMDQ showed.

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Image courtesy of "XM"

Nigeria's naira hits new lows vs dollar on forwards markets (XM)

ABUJA, Feb 20 (Reuters) -Nigerian non-deliverable currency forwards fell across the curve to a new record low against the dollar on Tuesday, mirroring falls on ...

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Image courtesy of "TheCapital.ng"

Black Market Dollar To Naira Exchange Rate Today 20th February ... (TheCapital.ng)

What is the Dollar to Naira Exchange rate at the black market, also known as the parallel market (Aboki fx)?

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Image courtesy of "Daily Times Nigeria"

Naira falls to N1720/dollar at parallel market (Daily Times Nigeria)

Having declined by 4.4 per cent and 9.5 per cent at the official and parallel markets respectively, the value of the naira continued to.

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Image courtesy of "ZAWYA"

Nigeria's naira hits new low against dollar on forwards market ... (ZAWYA)

Nigerian non-deliverable currency forwards fell across the curve to a new record low against the dollar on Tuesday.

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Image courtesy of "Businessday.ng"

Naira exchanges for 1825/$, heads to 2000 (Businessday.ng)

The naira on Tuesday weakened to an all-time low, exchanging 1825 and heading to 2000 against the dollar at the parallel market...

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Image courtesy of "Christian Science Monitor"

Monetary reforms went wrong. Now Nigeria faces an economic crisis. (Christian Science Monitor)

Monetary reforms went wrong. Now Nigeria faces an economic crisis. In Nigeria, Africa's largest economy, inflation has caused the currency to fall to a record ...

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Image courtesy of "CHANNELS TELEVISION"

VIDEO: APC Member Blames Economic Saboteurs For Falling Naira ... (CHANNELS TELEVISION)

A file photo combo of Ayo Oyalowo and some naira and dollar notes. A member of the All Progressives Congress (APC) Ayo Oyalowo says the falling value of the ...

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Image courtesy of "Nairametrics"

Official exchange rate settles at N1551.24/$1 as P2P market crosses ... (Nairametrics)

The foreign exchange turnover saw a significant rise of 76.61% to $117.32 million, coinciding with naira's strengthening against the dollar.

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Image courtesy of "P.M. News"

Actress Mercy Aigbe cries out as Naira hits 1800 against Dollar (P.M. News)

Actress Mercy Aigbe has expresses concern on Instagram as Nigerian Naira currency is steadily weakening against the American dollar.

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