Naira Exchange Rate

The money used in Nigeria, called the naira, went down in value compared to the U.S. dollar. It ended the day at N1,660.49 when traded officially by big investors.This drop happened around the same time as the National Bureau...

The boss of the Central Bank, Yemi Cardoso, said that the naira, Nigeria's money, is not worth as much anymore. But, this might help Nigeria sell more stuff to other countries.Cardoso talked about this at a big meeting in...

Sure, let's rewrite this blog post in simpler terms for easy understanding. I'll keep it engaging and informative.---On October 15, 2024, Nigeria's money, called the naira, got weaker when compared to U.S. dollars. At the end of the day,...

The value of Nigeria's money, called the naira, has dropped a lot compared to the dollar. It went above 16,000 naira for one dollar in the official market. This drop happened because the people managing the U.S. money are...

The Nigerian naira is having a tough time in 2024 and is considered one of the least-performing currencies in Sub-Saharan Africa. This information comes from a report by the World Bank called Africa’s Pulse. By...

On the first day of trading this week, our money, the naira, became stronger in the official market, even though the U.S. dollar was very strong against other big currencies on Tuesday.Based on details from the FMDQ Securities Exchange...

The value of Nigeria's money, called the naira, has gone down a lot. On October 14, 2024, you needed 1,700 naira just to get one U.S. dollar if you were buying it from the street....

On October 11, 2024, the money used in Nigeria, called the naira, got weaker compared to the U.S. dollar. It ended the day at N1,641.27 per dollar in the official trade area known as the Investor and Exporter (I&E)...

On October 9, 2024, Nigeria’s money called the naira lost some value when compared to the U.S. dollar. It ended the day at N1,625.13. This happened because oil prices, which many countries depend on, went down a bit to...

The strength of the naira has brought a small break for Nigeria’s currency and its markets after a bad slump. On Wednesday, at the official trading spot, things got a bit better compared to before.On Tuesday, the naira became...