Optimism Over FG’s Dollar Support Expected to Strengthen Naira Below N1,000 per Dollar

Optimism Over FG’s Dollar Support Expected to Strengthen Naira Below N1,000 per Dollar

The Nigerian Naira is anticipated to strengthen below N1,000 to the US dollar on the black market next week. This buoyant projection stems from the optimism surrounding the Federal Government’s plans to enhance dollar liquidity in the foreign currency (FX) market. “There are sufficient dollars in circulation right now. The noticeable change is that individuals … Read more

Currency speculators lose, as FX market dynamics change

Currency speculators lose, as FX market dynamics change

Currency dealers who had been stockpiling dollars in anticipation of a further decline in the exchange rate of the Naira have begun selling the greenback at a loss as the Nigerian Naira soared against the US Dollar on the black market after reaching a record low of over N900/$1 the week prior.Information Guide Nigeria Over … Read more