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Dollar

CBN’s Emefiele Says Old Naira Deadline Forcing Hoarders To Deposit Funds
Business

Emefiele Plans To Stop Dollar Charges On Domestic Transactions

The Central Bank of Nigeria (CBN) has disclosed that domestic transactions on foreign cards will no longer be charged in dollars. CBN Governor, Godwin Emefiele, made this known during a virtual launch

More
by Fakoyejo Olalekan
4 days ago
Top Two Billionaires, Bernard Arnault, Elon Musk, Lose $7.8 billion, As Wealth Drops
Business

Nigerians To Pay N447,000 For Elon Musk’s Starlink Network

The network hardware of Starlink, an internet provider firm owned by billionaire, Elon Musk, will cost Nigerians $600 to own, the company revealed in a statement. To acquire the network hardware, Starlink

More
by Fakoyejo Olalekan
4 weeks ago
Business

Ghanaian Cedi Becomes Worst Currency Among 148 Countries, Raises Cost Of Living

Ghana’s currency, cedi, has been rated the worst performing currency in the world, as the legal tender continues to suffer depreciation in value against the United States dollar in 2022. In the

More
by Fakoyejo Olalekan
3 months ago
Godwin Emefiele Has Failed To Comply With CBN Act - Femi Gbajabiamila Says
Business

CBN’s Move To Defend Naira Against Dollar Affects External Reserves, Drops $337 million In Two Weeks

The Central Bank of Nigeria (CBN) has taken foreign exchange out of the external reserves to defend the naira against the dollar, resulting to the reserves depleting by $337 million. According to

More
by Fakoyejo Olalekan
6 months ago
Business/Currency

Black Market Dollar To Naira Exchange Rate Today: Nigerian Currency Depreciates 21% Since CBN Ban On BDC Operators

The United States currency, Dollar, and that of Nigeria, Naira, held tight to their ground on Friday, trading at the same previous rates across the official foreign exchange market, Investors & Exporters

More
by Fakoyejo Olalekan
7 months ago
Business/Currency

Black Market Dollar To Naira Exchange Rate Today: Nigerians Now Pay Over N600 To Get $1

The Nigerian currency, Naira, fell to the dollar on Wednesday, in the black market segment of the foreign exchange channels, depreciating by -0.2% at the end of trading activities in the peer-to-peer

More
by Fakoyejo Olalekan
8 months ago
Business

BDC Operators Address Unstable Forex Rates, As Naira Hit N615 Per Dollar

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urge the Central Bank of Nigeria (CBN) to partner with the group in order to end multiple exchange rates, as rise

More
by Fakoyejo Olalekan
8 months ago
Nigerians Pay More For Dollar In Official Market, As Naira Crashes
Business/Currency

Dollar Exchanges For Over N600, As Naira Falls In Official Investors Market

The cost of exchanging naira to dollar increased on Thursday in the black market, as the value of the Naira continues to move in different paths across the peer-to-peer segment and the

More
by Fakoyejo Olalekan
8 months ago
How Nigerian Youths, Traders Strengthen Dollar Against Naira In 2022, And Prospects For 2023
Currency/Finance & Economy/Top Stories

Naira Plunges To All-time Low Of 527 To Dollar

The decline of naira continued on Monday, as the Nigerian legal tender slid to an all-time low of 527 against the dollar at the parallel market. On Friday, the local currency, which

More
by Editor
1 year ago
Nigerians Pay More For Dollar In Official Market, As Naira Crashes
Finance & Economy

Naira Appreciates To 512/$, Banks Sell At 412/$

Naira appreciated against the dollar at the parallel market late on Monday as commercial banks set up foreign exchange teller points for customers in line with the directive from the Central Bank

More
by Editor
1 year ago
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