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Dollar naira rate

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

US Dollar Surges To 10-Month High, Naira Plunges Amid Central Bank Crisis

September 29, 2023

In a financial tale of two currencies, the US dollar stood tall, reaching a 10-month zenith against a basket of major counterparts, while Nigeria’s naira plummeted to an all-time low on the

Naira Appreciates To N869/$1 As Experts Debate Stability

Business News·Currency

Dollar Rate Falls, As Two Governors Disagree Over CBN’s Cash Withdrawal Limit

December 13, 2022

On Monday, the naira finally gained against the United States dollar (USD) in the official exchange market, after four days of depreciation in the value of the Nigerian currency. At the end

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

Business News·Currency

Naira Sustains Slow Recovery, As Dollar Goes For N772

November 25, 2022

The naira appreciated on Thursday against the dollar in the black market, as the exchange rate between both currencies went down by 0.39 per cent. This means that the rate to exchange

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

Business News·Currency

BDC Operators Drop Dollar Rate As Buhari Unveils New Naira Note

November 23, 2022

The dollar rate in the black market dropped, hours after President Muhammadu Buhari and the Central Bank of Nigeria (CBN) unveiled the new naira note. In a chat with Prime Business Africa,

Naira Opens Week With Gain Across FX Markets

Business News·Currency

Dollar Sells At N780, Flat At Black Market

November 22, 2022

The exchange rate between the dollar and the naira at the black market was flat on Monday, but the case was different in the official market, where the Nigerian currency appreciated. Bureau

Naira Ends Week With N59.71 Gain At Official Market

Business News·Currency

Dollar Rate Stable At Black Market, Falls In Official Channel After EFCC’s Prediction

November 18, 2022

The black market reports exchange rate stability between the naira and the US dollar on Thursday, while the Nigerian currency appreciated at the official window. Bureau De Change operators at the parallel

Business News·Currency·Insights

6 Reasons Naira Gains, Loses In Black Market

November 18, 2022

In the second week of November, the naira gained significantly against the United States dollar (USD) in black market after a free fall in last week of October and first week of

Business News·Currency

Dollar Rate Falls In Black Market, As Naira Prepares For Highest Devaluation

November 17, 2022

The exchange rate between the naira and the dollar fell in the black market on Wednesday, as the Nigerian currency appreciates by 1.25 per cent. This represents a N10 loss in the

Business News·Currency

Dollar Trades For N445.67 In Official Market, Black Market Offers USD At N850

November 10, 2022

The naira appreciated by 0.09 per cent against the dollar on Wednesday in the official foreign exchange market backed by the Central Bank of Nigeria (CBN). Data obtained from the FMDQ Exchange

Business News·Currency

Naira appreciates, As Bureau De Change Sells One Dollar At N800

November 9, 2022

The Nigerian currency, naira, appreciated against the United States dollar on Wednesday according to a Bureau De Change operator in the black market. Prime Business Africa was told by the Bureau De

Business News·Currency

Bureau De Change Operators Sell Dollar At N900, As Scarcity Affects Nigerians

November 8, 2022

The naira and dollar exchange rate traded flat on Monday in the official foreign exchange market of the Investors and Exporters window. Data obtained showed that the naira maintained stability against the

Business News·Currency

Dollar Rate Rises Close To N1000, As BDC Operators Set Various Rates

November 2, 2022

November 2, 2022, Dollar Rate: The exchange rate between the dollar and the naira has surged to various levels as Bureau De Change operators sell the American currency at different rates on

Business News·Currency

Bureau De Change Operators Reduce Dollar Rate In Black Market

November 1, 2022

November 1, 2022, Dollar Exchange Rate: On Tuesday, the average exchange rate of US dollar to naira was N800 in the black market, showing sign of demand pressure easing in the parallel market

Business News·Currency

Naira In 53% Decline, Hits N865 Per Dollar, Nears N1,000 PBA Prediction

October 31, 2022

October 27 Dollar Exchange Rate: The dollar-to-naira black market exchange rate on Monday, crossed the N800 mark, setting its gaze on a possible N1,000/$ mark by December 2022, in line with Prime

Business News·Currency

Dollar To Naira Exchange Rate: One Dollar Nearing N800, After BDC Boss’ Shocking Revelation

October 28, 2022

October 27 Dollar Exchange Rate: The dollar-naira black market exchange rate increased by N10 earlier on Friday, indicating that Bureau De Change operators charged USD buyers more. During the previous trading day

Business News·Currency

Bank Of America Makes New Prediction For Official Naira Rate, As BDC Sells At N742

October 19, 2022

The exchange rate between the United States’ dollar and Nigeria’s naira has been projected to rise to N520/$1 next year, indicating the naira will extend its devaluation run into 2023. According to

Business News

London-based Firm, Wise, Suspends Dollar Transfer To Nigeria, As Dollar Sells Above N700

October 13, 2022

United Kingdom-based payment company, Wise, has announced that all dollar transfer to Nigeria will beenhas suspended till further notice amid scarcity of foreign exchange in the country. Wise told users in an

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

Business News·Currency

Dollar To Naira Exchange Rate: Again, CBN’s Intervention Fails To Save Naira Against Dollar

October 7, 2022

The United States dollar depreciated in value against the naira on Thursday, after the Bureau De Change (BDC) operator cut the cost of buying $1 in the black market by -0.27 per

Business News·Currency

Black Market Dollar To Naira Exchange Rate: Bureau De Change Operators Reduce Dollar Rate Again, After EFCC Raid

August 5, 2022

August 4, 2022 Dollar Rate Update: The naira appreciated by 0.25% on Thursday, as the Nigerian currency continues to gain ground against the dollar, despite a decrease in the value of foreign

CBN Places Service Restriction On PoS Agents Across Nigeria

Business News·Currency

CBN Accuses Nigeria’s Private Sector Of Hoarding Dollars

August 4, 2022

The private sector have been directed to repatriate the foreign exchange earnings obtained from the Central Bank of Nigeria (CBN) to conduct business in the international market. According to CBN’s Deputy Director,

Business News·Currency

Black Market Dollar To Naira Exchange Rate: BDC Operators Drop Dollar Rate After Sending Message To CBN

August 2, 2022

August 2, 2022 Dollar Rate Update: Bureau De Change (BDC) operators reduced their asking price for sale of dollar on Tuesday, showing sign of rise in availability of the United States currency

Governor of Nigerias Central Bank Godwin Emefiele

Business News·Currency

Bureau De Change Operators Provide CBN With Solutions To Save Naira

August 1, 2022

The Central Bank of Nigeria (CBN) has been urged by the Association of Bureaux De Change Operators of Nigeria (ABCON), to put an end to the official fixed rate in the foreign

Business News·Currency

Black Market Dollar To Naira Exchange Rate: Dollar Finally Falls In Black Market After CBN Outburst

August 1, 2022

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

Business News·Currency

CBN Addresses Connection Between Cryptocurrencies and Naira

August 1, 2022

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

Business News·Currency

CBN Blames NNPC, Two Others, As Dollar Sells For N718

July 29, 2022

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

Business News·Currency

Black Market Dollar To Naira Exchange Rate: Dollar Sells For N707, As Senate Wants Scapegoat For Weak Naira

July 28, 2022

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

Business News·Currency

Senate Summons Emefiele Over Rising Dollar Rate, Lists 2 Things CBN Must Do

July 27, 2022

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

Business News·Currency

Black Market Dollar To Naira Exchange Rate: Dollar Sells At N685 In Black Market, N431 In I&E Window

July 27, 2022

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

Business News·Currency

Black Market Dollar To Naira Exchange Rate: $1 Nears N700, As CBN Continues To Snub BDC Operators

July 26, 2022

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

Business News·Currency

Black Market Dollar To Naira Exchange Rate: Dollar Rate Skyrocket, As CBN Interventions Fail

July 25, 2022

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

Business News·Currency

Black Market Dollar To Naira Exchange Rate: Investors Hike Cost Of Dollar, As Emefiele Threatens Buyers

July 20, 2022 Dollar Update: The dollar gained against the naira on Wednesday in the official market of the Investors and Exporters (I&E) window, rising by 0.51% in value, as foreign currency supply drops. After the trading session, the Nigerian currency exchanged

July 21, 2022

Business News·Insights

How US Soaring Inflation, Interest Rate Negatively Impact Nigerians

On Wednesday, the United States announced a 41-year inflation high of 9.1% for the period of June, rising by 5.81% month-on-month, and this will trigger debt headache for Nigerian government. In May, the US had reported that the inflation rate stood at

July 14, 2022

Business News·Currency

Dollar To Naira Exchange Rate: Naira Falls In Black Market, I&E Dollar Rate Down

July 6, 2022 Dollar Rate Update: The value of the naira closed upward on Wednesday, rising by 0.52% at the end of business hour in the Investors and Exchange window, halting its loss, which was driven by shortage of dollar in the

July 7, 2022

Business News·Currency

Dollar To Naira Exchange Rate, 23 June 2022: Dollar Price Rises In Black Market, As Naira Gains In Official

The Naira regained its strength against the United States currency on Friday at the peer-to-peer, as sellers were willing to trade one dollar for N612.59. This was in contrast to the selling price of N612.85/$1 on Thursday. Meanwhile, in the official exchange

June 24, 2022

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