Will Wednesday’s Fed Rate Cut Be Last One Until Summer 2026?
The latest employment report showed just 22,000 new jobs in August and unemployment at 4.3%, the highest since 2021.
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Black Market Dollar To Naira Exchange Rate: Dollar Finally Falls In Black Market After CBN Outburst
July 29, 2022 Dollar Rate Update: The naira depreciated in the official foreign exchange market on Friday, losing N2.80kobo in value, as traders on the Investors and Exporters window sold the dollar at N429/$1 by closing hour. United States currency rose by
CBN Addresses Connection Between Cryptocurrencies and Naira
The Central Bank of Nigeria (CBN) has dismissed the connection between the naira and cryptocurrency market, stating that the Nigerian currency doesn’t mirror any cryptoasset. Nigeria’s financial regulator’s statement comes amid naira’s deteriorating value against foreign currencies in the black market, which
CBN Blames NNPC, Two Others, As Dollar Sells For N718
The Nigeria National Petroleum Company (NNPC) Limited has been blamed by the Central Bank of Nigeria (CBN) for scarcity of dollar and depreciation of the naira in recent weeks. Nigeria’s financial regulator made the statement on Friday after the exchange rate of
Those Destroying Our Economy Should Be In Jail – Senator Ben Bruce Says
Former Nigerian Senator, Ben Murray-Bruce, has stated that some people need to be held responsible for Nigeria’s declining economy. The ex-bayelsa lawmaker said this following significant rise in cost of living. What you need to know Recall that prior to President Muhammadu
Seplat Founder, Austin Avuru, Suffers Setback In Tell-all Book Launch
The former chief executive of Seplat Energy, Austin Avuru, has experienced a setback in his tell-all book set for release on August, after the Federal Capital Territory High Court in Bwari, shutdown the launch. Avuru had authored the book titled; “My Entrepreneurship
Black Market Dollar To Naira Exchange Rate: Dollar Sells For N707, As Senate Wants Scapegoat For Weak Naira
July 27, 2022 Dollar Update: The exchange rate of the dollar in Nigerian currency, naira, finally crossed the N700 mark on Wednesday in the black market, as demand for the United States legal tender skyrocket. At the close of business hour, Bureau
Senate Summons Emefiele Over Rising Dollar Rate, Lists 2 Things CBN Must Do
Nigerian Senate has summoned Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the depreciating rate of the naira, as Senator Biodun Olujimi, said someone must be punished. Emefiele was summoned following a motion raised by lawmaker representing Ekiti north,
Black Market Dollar To Naira Exchange Rate: Dollar Sells At N685 In Black Market, N431 In I&E Window
July 26, 2022 Dollar Rate Update: The naira remains weak against the United States currency, dollar, as scarcity overwhelms the official foreign exchange market, Investors & Exchange window, as well as the black market on Tuesday. Bureau De Change operators raised the
Black Market Dollar To Naira Exchange Rate: $1 Nears N700, As CBN Continues To Snub BDC Operators
July 25, 2022 Dollar Rate Update: Bureau De Change operators increased the cost of buying dollar by 1.65% on Monday, as demand overwhelms availability in the black market, amid lack of support from the Central Bank of Nigeria (CBN). The BDC operators
Black Market Dollar To Naira Exchange Rate: Dollar Rate Skyrocket, As CBN Interventions Fail
July 22, 2022 Dollar Rate Update: The investors & Exporters window reported foreign exchange suppliers increased the cost of exchanging dollar by 0.94% on Friday in the official forex market, as supply dropped during the trading session. It was gathered that dollar
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