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The Nigerian currency has depreciated hours after the US dollar fell to a three-year low Data from the official Nigerian Foreign Exchange Market ... after the euro/naira FX rate rose to N1,845 ...

floating the Naira to unify official and market exchange rates. This led to a swift and steep depreciation: ₦1,483 to $1 by 2024 and ₦1,609 to $1 by 2025. The reform aimed at attracting ...

The Nigerian currency has depreciated hours after the US dollar fell to a three-year low Data from the official Nigerian Foreign Exchange Market shows that ... The development came after the ...

The naira-to-dollar exchange rate remained flat in the black market. Dayyabu Ashiru, a Bureau De Operator in Zone 4 Abuja, said the N1,560 exchanged for a dollar on Monday was the same rate as ...

The CBN has released the latest naira exchange rates against the US dollar in the foreign exchange markets. Data shows that the naira began the new month of May trading similarly to previous months ...

The slide reflects sustained pressure on the naira amid limited dollar supply and rising demand from importers and other market participants. In the parallel market, also known as the black market, ...

The exchange rate between the naira and the US dollar depreciated to N1,596/$1 at the official Nigerian Foreign Exchange Market (NFEM) on Monday, April 28, 2025, compared to N1,589/$1 recorded on ...

The funds were to shield the naira from further depreciation amid dwindling dollar inflows and surging ... dealer banks at the official exchange rate. Despite these interventions, the country ...