Naira Archives -

Naira Depreciates By 0.5%, Against Dollar

Kingsley Chukwu3 days ago01 mins

The Naira on Wednesday depreciated at the official market, trading at N1,687.52 against the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira lost N8.59. This represents a 0.51 per cent loss when compared to the previous trading date on Tuesday when it exchanged at N1,678.93 to a dollar….

Naira: Bank Of America Predicts Undervaluation After Currency Float

Obasi Chinedu Marvellous1 year ago05 mins

Bank of America predicts the undervaluation of Nigeria’s naira following recent foreign exchange reforms. Read about the potential impact on the nation’s economy and the strategies needed to strengthen the currency and oil sector. The Bank of America (BoA) has made a significant observation regarding the value of the naira, predicting that it will settle…