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Currency - Page 69

Nigeria Now Leading Cement Exporter In Africa – Dangote

Business·Currency·Finance & Economy·News·Nigeria·Top Stories

Why Tinubu’s Policies Can Crash Dollar Rate – Dangote

The Chairman of the Dangote Group, Aliko Dangote, has said that current government policies could significantly strengthen the naira against the US dollar, potentially bringing the exchange rate down to as low as ₦1,100 to $1. Dangote made the remarks on Tuesday

February 18, 2026

KPMG Makes Naira Projection After Foreign Capital Importation Drops To $1.06 billion

Currency

Naira Redesign: Commuters Stranded As Traders, Artisans Reject Old Notes In Enugu

By Ndidiamaka Ede & Makwe Nkiruka The unavailability of the new naira notes has caused palpable uneasiness among commuters in parts of Enugu State. Traders, artisans, and POS operators have stopped collecting old notes for almost a week now for fear of

January 29, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency·Insights

How Nigerian Youths, Traders Strengthen Dollar Against Naira, Prospects For 2023

The Naira suffered heavy depreciation against the United States Dollar (USD) in 2022 in the official channel and the Bureau De Change-controlled Black market. Despite some notable policies by the Central Bank of Nigeria (CBN) to strengthen the Naira’s chances against the

January 27, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Naira Gains Against Dollar On Back Of Increased Interest Rate

Following the increase in Nigeria’s interest rate by the Central Bank of Nigeria (CBN), the exchange rate between the naira and dollar depreciated on Wednesday, 26 January 2023. According to the data from the FMDQ Exchange, the naira appreciated against the United

January 26, 2023

Cash In Circulation Up By N701.4 billion, Emefiele's CBN Loses Control Again

Business·Currency

Pure Water Sellers, Chicken Republic Announce Dates To Stop Accepting Old Naira Notes

Small and medium businesses have began to reject old naira notes, as the deadline for the banknotes to become illegal nears. Prime Business Africa had reported that the Central Bank of Nigeria (CBN) announced that 31 January 2023 will be the deadline

January 26, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

Black Market’s Dollar Rate Now N288 Higher Than CBN-backed Official Rate

The exchange rate between the naira and the dollar sold at an average of N750/$1 on Wednesday, 25 January 2023, in the black market. In the black market, operated by the Bureau De Change operators, the naira appreciated by 0.40 per cent, in

January 25, 2023

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Currency

Naira Reissue: CBN Insists On January 31 Deadline For Old Notes

Despite pressure by various groups for the extension of the deadline of phasing out the old ₦1,000, ₦500, ₦200 notes, the Central Bank of Nigeria (CBN) has insisted that they would cease to be legal tender by 31st January. The CBN Governor,

January 25, 2023

Business·Currency

Dollar Rate: Gap Between Official, Black Markets Rises To 61.3%

The dollar rate rose in the Bureau De Change window of the black market on Tuesday, 24 January 2023, as the naira weakened by -1.07 per cent. It was learnt that the cost to buy one dollar increased to an average of

January 24, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Naira Faces Biggest Devaluation, Loses To Dollar, Others

In the Investors and Exporters window of the official market, the exchange rate between the naira and the dollar depreciated by 0.05 per cent or N0.25 kobo on Friday, 20 January 2023. This came on the back of concerns that the Nigerian

January 23, 2023

Currency

New Naira: CBN Launches Cash Swap Programme For Rural/Underserved Areas

In line with its quest to ensure adequate circulation of the newly redesigned naira banknotes, the Central of Nigeria (CBN), has launched a cash-swap programme to serve people in rural and underserved areas across the country. This was confirmed in a circular

January 21, 2023

Business·Currency

High Demand Pushes Up Dollar Rate In Official Channel, Naira Gains In Black Market

The FMDQ Exchange disclosed that the official exchange rate between the naira and the dollar rose on Thursday, 19 January 2023, as the local currency closed weak. According to data published by the exchange rate tracker, the dollar exchanged for the naira

January 20, 2023

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Currency - Page 69

Why Tinubu’s Policies Can Crash Dollar Rate – Dangote

Naira Redesign: Commuters Stranded As Traders, Artisans Reject Old Notes In Enugu

How Nigerian Youths, Traders Strengthen Dollar Against Naira, Prospects For 2023

Naira Gains Against Dollar On Back Of Increased Interest Rate

Pure Water Sellers, Chicken Republic Announce Dates To Stop Accepting Old Naira Notes

Black Market’s Dollar Rate Now N288 Higher Than CBN-backed Official Rate

Naira Reissue: CBN Insists On January 31 Deadline For Old Notes

Dollar Rate: Gap Between Official, Black Markets Rises To 61.3%

Naira Faces Biggest Devaluation, Loses To Dollar, Others

New Naira: CBN Launches Cash Swap Programme For Rural/Underserved Areas

High Demand Pushes Up Dollar Rate In Official Channel, Naira Gains In Black Market

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Currency - Page 69

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