Tag: Naira

2 posts.

New: Panic Selling… Why Naira Is Appreciating

Speculations emerged on Friday regarding the appreciation of the Nigerian naira against the U.S. dollar, both in the official and parallel markets. The naira reportedly reached one of its highest values since September when the exchange rate exceeded N1000 per dollar. Financial analysts and parallel market traders shared insights with FIJ to shed light on…

Updated

Despite Dollar Crash Building Materials Prices Remain High

Building materials prices remain high despite Dollar crash. Prices of building materials have remained unchanged in spite of the Naira appreciating in value at the foreign exchange market. Some said in interviews with the News Agency of Nigeria (NAN) in Abuja on Thursday said prices remained unchanged because they bought the goods when the exchange…