Currency - Page 32

Stay informed with the latest updates on Naira, Dollar, Pounds, and global currency exchange rates. Prime Business Africa provides real-time forex news, market trends, and expert analysis crucial for businesses and individuals dealing with foreign currencies. Understand the impact of fluctuating exchange rates on the economy and make informed financial decisions.

Naira Rises Against Dollar, Ends Week On Positive Note

Business·Currency·News

Naira Hits Record Low Against British Pound Amid High Demand For Dollars

Nigerian parallel market exchange rate plummeted to an all-time low of N1,680 per Great Britain Pound (GBP), showcasing a 7% decline compared to the previous week.

Emmanuel Ochayi

January 21, 2024

Business·Currency

Naira May Depreciate To N1500/$1 In 2024 – Expert

Johnson Chukwu, the Group Managing Director, warned of a potential worst-case scenario where the naira could plummet to N1,500 against the dollar this year. Chukwu during the Cowry Asset Management’s economic review

Emmanuel Ochayi

January 19, 2024

Business·Currency

Naira Depreciation Sparks Surge In Dollar Savings As BDC Seeks Central Bank Review

Bureau De Change operators sounded the alarm as Nigerians flock to keep their savings in US dollars amid concerns over the eroding value of the naira.

Emmanuel Ochayi

January 18, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·Currency

Naira Hits New Record Low At N1,320/$1

Naira plummeted to an unprecedented low of N1,320 per dollar on Wednesday, marking a 3.03% or N40.00 drop from the previous day's close at N1,280.

Emmanuel Ochayi

January 17, 2024

Naira vs Dollar: What To Expect This Week

Business·Currency

Naira Hits Record High, Surpassing N1,300/$ In Cryptocurrency, Parallel Markets

The Nigerian naira has surged past the N1,300 mark against the US dollar in both the Peer-to-Peer cryptocurrency window and the parallel market.

Emmanuel Ochayi

January 16, 2024

Business·Currency

Naira Falls By N15.75, Closes At N890/$1

In a turn of events, the Nigerian naira experienced a notable dip against the dollar on Friday, January 12, 2024, both in official and black market exchange windows. Data from the NAFEM,

Emmanuel Ochayi

January 13, 2024

Naira Appreciates Against Dollar At Official, Black Market

Business·Currency

Naira Appreciates To N874 In Official Market Amid $2.25bn FX Support

The Naira staged a recovery, appreciating by 19.17% against the dollar at the official market on Thursday, January 11, 2024.

Emmanuel Ochayi

January 12, 2024

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Naira Depreciation Deepens, Exchanges N1,089.51/$1 At Official Market 

The value of the Nigerian naira dropped on Tuesday in the official Investor and Exporter window from N856.57/$ on Monday to N1089.51/$.

Victor Ezeja

January 10, 2024

Business·Currency·News

Naira Dips To N1,245/$1 In Unofficial Market Amid CBN’s Effort

In a twist of currency dynamics, the naira faces a tale of two markets as its value fluctuates to N1,230/$1 and N1,245/$1, driven by unofficial P2P and physical black markets despite Nigeria’s apex

Emmanuel Ochayi

January 9, 2024

Business·Currency

Naira Appreciates To N856/$1 In Official Window As Afreximbank Injects $2.25bn Into FX Market

In a positive turn for the Nigerian economy, the Naira saw a surge against the dollar at both the official and parallel forex markets on Monday. The official exchange rate closed at

Emmanuel Ochayi

January 9, 2024

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Currency - Page 32

Naira Hits Record Low Against British Pound Amid High Demand For Dollars

Naira May Depreciate To N1500/$1 In 2024 – Expert

Naira Depreciation Sparks Surge In Dollar Savings As BDC Seeks Central Bank Review

Naira Hits New Record Low At N1,320/$1

Naira Hits Record High, Surpassing N1,300/$ In Cryptocurrency, Parallel Markets

Naira Falls By N15.75, Closes At N890/$1

Naira Appreciates To N874 In Official Market Amid $2.25bn FX Support

Naira Depreciation Deepens, Exchanges N1,089.51/$1 At Official Market

Naira Dips To N1,245/$1 In Unofficial Market Amid CBN’s Effort

Naira Appreciates To N856/$1 In Official Window As Afreximbank Injects $2.25bn Into FX Market

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