Monetary & Fiscal Policy

Naira depreciates by 3.78% at the NAFEM Window

February 20, 2024. Azonuchechi Chukwu. The Nigerian Naira weakened against the US dollar on February 19, 2024, reaching an intra-day high of N1,712. The domestic currency depreciated...

Naira Hits All-Time Low at N1,730/$ in Parallel Market

The parallel section of the foreign exchange market witnessed a historic low as the naira declined to N1,730 per dollar, marking an 8.13% drop...

Naira depreciates against Dollar in the Official Market

February 19, 2024. Azonuchechi Chukwu. The Nigerian Naira experienced a decline against the US Dollar in the official market, closing the week at N1,537.96/$1. The domestic currency...

Naira Appreciates by 0.34 at the Official Market

February 16, 2024. Azonuchechi Chukwu. Nigerian Naira on Thursday appreciated against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) at the close of...

Nigeria Implements New Regulations on Crude Oil Export Proceeds

The Central Bank of Nigeria (CBN) has taken proactive measures to address concerns surrounding the transfer of proceeds from crude oil exports by International...

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