VAM News update USD is being traded at ₦1,100 in Black Market(Osogbo) today, Friday, October 27, of 2023. USD has been traded at ₦1250 when Black Market opened this week on Monday, October 23,...
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Fresh Details Emerge as Naira Hits N1,315/$1
VAM News update THE naira, on Thursday, depreciated further to N1,315 per dollar at the parallel section of the foreign exchange (FX) market. The figure represents a depreciation of N90 or 7.35 percent compared...
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USD To Naira, GBP, EURO Exchange Rate
VAM News Update USD is being traded at ₦1,305 in Black Market(Lagos) today, Thursday, October 26, 2023. USD has been traded at ₦1220 when Black Market opened this week on Monday, October 23, 2023....
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Naira’s woes heighten, hits N1,225/$ as Nigeria Govt adopts reversal policy
VAM News Update THE naira, on Monday, continued its depreciation streak at the parallel section of the foreign exchange (FX) market. The local currency began the week at N1,225 per dollar — weakening by...
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Relief for Naira, Tinubu’s Govt As Nigeria Wins P&ID $11bn Suit in UK Court
VAM News Update Nigeria has won its case against the Process and Industrial Developments Company, P&ID. In the case marked CL-2019-000752, the Federal Government sought to overturn an arbitration award in favour of P&ID...
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Details emerge as Exchange rate hits N1,210/$1
VAM News Update THE exchange rate between the naira and dollar opened the week at N1,200/$1 on P2P platforms on Monday as traders continue to face demand pressures amidst dwindling supply. Checks reveal quotes...
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3 Minutes
Worries as Naira Slumps Against US Dollar Again
VAM News Update VAM News Update Nigeria’s currency, the Naira, has further declined due to the increasing scarcity of the US Dollar. VAM News learnt that the naira started trading at 1,175/$ at the...
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Why naira is in free fall – Ex-minister Aganga Shields Light
A former Minister of Finance, Olusegun Aganga, has explained that the naira would continue to be weak if the country remains an import-dependent country. Aganga speaking on Thursday at the 3rd Adeola Odutola...
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As the dollar soars, it spreads hardship across Nigeria
VAM NEWS UPDATE Industries in the country are battling for survival owing to the continued slide of the naira against the dollar. The naira Thursday traded at between N1,155 and N1,160/dollar at the unregulated...
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Naira hits 9% depreciation, trades N848/$
THE naira, on Tuesday, fell to N848 at the investors’ and exporters’ (I&E) window — the country’s official trading window. The local currency fell by 8.9 percent from the N778.80 it traded on Monday,...
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