Tag: Naira

Naira crashes to 1,030/$ as speculators react

Posted on November 7, 2023

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…

Naira rallies across markets, trades below N1,000/$1

Posted on November 3, 2023

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…

Naira to Dollar Falls By N35, Depreciates Further

Posted on November 1, 2023

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…

CBN: No plans to redenominate Naira

Posted on October 31, 2023

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…

Naira Bounces Back Against USD

Posted on October 27, 2023

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,…

Fresh Details Emerge as Naira Hits N1,315/$1

Posted on October 26, 2023

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…

USD To Naira, GBP, EURO Exchange Rate

Posted on October 26, 2023

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…