The Naira experienced a significant depreciation, reaching its lowest point in recent times, with an exchange rate of N1,043.09 to the dollar in the official foreign exchange market on Thursday. This is... Read more »
In the wake of Nigeria’s persistently turbulent forex crisis, manufacturers are projecting imminent price hikes for commodities in response to the Naira’s continuous decline against the US dollar. Francis Meshioye, the President... Read more »
The Naira has crashed to a new record low of N1,534.39 against the US dollar at the foreign exchange market on Monday. This is according to Data from FMDQ showed that the... Read more »
Professor Folashade Ogunsola, the vice chancellor of the University of Lagos, has explained that the devaluation of the naira has affected the salaries of university employees, resulting in a significant number of... Read more »
Yesterday, Wednesday, December 13, the naira depreciated to N1,260 per dollar in the parallel market from N1,220 per dollar on Tuesday. Similarly, the naira depreciated to N904.65 per dollar in the official Nigerian... Read more »