Naira depreciation

Nigeria’s dollar to naira exchange rate steadies near ₦1,466 officially and ₦1,495 on the street amid tight dollar supply.

The naira has already depreciated 43 percent year to date, according to the World Bank, ranking among the worst performing currencies in Sub-Saharan Africa

Bismarck Rewane forecasts Nigeria’s economy will grow to $400 billion by 2026, driven by forex reforms and improved productivity despite inflation challenges

The Nigerian naira has closed at 1,596.60 per dollar, impacted by declining dollar liquidity. This situation highlights ongoing foreign exchange market challenges.

The Nigerian naira plummets to a record low of N1507.83 to the dollar, highlighting economic challenges and sparking concerns over inflation and cost of living.

On May Day, Nigerian workers highlight severe wage reductions due to inflation and currency depreciation, demanding economic reforms.

Nigeria’s fuel subsidy spending hits N907.5 billion monthly, highlighting economic pressures and prompting transport sector to consider strike actions.

Nigeria’s naira hits N1,600 against the dollar, highlighting the ongoing economic challenges under President Tinubu’s leadership.

Despite ending 2023 below 30%, Nigeria’s inflation rate raises concerns, with calls for urgent steps in forex and security.

Amidst growing concerns over the plummeting value of the Nigerian naira, prominent labor unions and business associations have called on the Federal Government to take immediate action to stabilize the …