VAM News update THE naira crashed against the dollar on Monday, falling to 1, 030/$ on the average in the parallel market, losing the momentum it gathered last week. This represents a N80 loss...
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Naira rallies across markets, trades below N1,000/$1
Nigerians Celebrating, Households in Nigeria spend N22.7 trillion on food Nigerians Celebrating In an unexpected twist of financial fate, the Naira has staged a dramatic rally against the US dollar, sending ripples across multiple...
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BREAKING: Naira further strengthens against Dollar, appreciates to N786.02/$1
The Nigerian naira appreciated against the dollar on Wednesday, 1st November 2023, closing at N786.02/$1 at the official market. This represents a 3.73% increase from the N815.32/$1 recorded on the previous day. ...
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Naira to Dollar Falls By N35, Depreciates Further
VAM News Update THE naira, on Tuesday, fell to N1,185 per dollar at the parallel section of the foreign exchange (FX) market. Naira fell by N35 or 3.04 percent compared to the N1,150 it...
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CBN: No plans to redenominate Naira
VAM News update THE Central Bank of Nigeria (CBN) has refuted claims of planning to redenominate the country’s currency, the Naira, with effect from January 2024. This clarification was provided in a statement released...
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Naira Bounces Back Against USD
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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