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exchange rate - Page 2

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

Official Market’s Dollar Rate Falls, Projected To Rise After Presidential Election

The Dollar rate in the Investors and Exporters (I&E) window of the official market closed down at N461.25 on Wednesday, 8 March 2023. According to data from FMDQ Securities, the exchange rate between the Dollar and the Naira closed below the previous

March 9, 2023

Business·Currency

Naira Gains Against Dollar Amid N900 Exchange Rate Projection

The exchange rate between the Dollar and the Naira depreciated by –0.05 per cent on Thursday, 23 February 2023, the FMDQ Securities disclosed. According to data obtained from FMDQ, which monitors the dollar rate in the official market, it was noted that

February 24, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

2023 Elections·Business·Currency

New Report Predicts Dollar Hoarders To Lose Significantly In Black Market

Persons hoarding Dollars and betting against the Naira are set for a shock in 2023, according to credit rating agency, Agusto & Co, as the firm predicted the Naira will gain big against the United States currency. In a report titled ‘2023

February 14, 2023

Business·Currency

Forex Transaction Drops In Official Market, Dollar Rate Rises In Black Market

The volume of foreign exchange (forex) traded on Tuesday, 17 January 2023, fell by 72 per cent in the Investors and Exporters (I&E) window of the official market. According to data obtained from the FMDQ Exchange, which monitors foreign exchange rates in

January 18, 2023

Business·Currency

Peter Obi Reveals Why Inflation, Dollar Rate Rise Under Buhari’s Gov’t

The Presidential candidate of the Labour Party (LP), Peter Obi, has revealed the reason Nigeria’s inflation and the exchange rate has been on an upward path under President Muhammadu Buhari. Obi said the fiscal rascality or weak governance structure is to blame

January 17, 2023

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

Business·Currency

Dollar Goes For N740 In Black Market, Maintains N200 Above Official Forex Rate

As Nigerians celebrate the yuletide period, the dollar rate remains at a premium in the black market, as the naira exchanged at N740/$1 on Tuesday. The exchange rate between the naira and the dollar in the parallel market maintains more than N200

December 27, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·Currency

Govt Must Tackle Oil Theft To Stabilise Forex Rate, Reserves – Emefiele Reveals

For Nigeria’s foreign reserves to rise and stabilise forex rate, the Federal Government must conclusively address the persistent challenge of oil theft, Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said. According to Emefiele, the major solution to the instability

November 29, 2022

Business·Currency

Naira Sustains Slow Recovery, As Dollar Goes For N772

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 the United States dollar fell by N3, to sell at

November 25, 2022

Business

Nigerian Think-Tank, NESG, Calls For Subsidy Removal, Change In FX Multiple Rates

The Federal Government has been urged to remove subsidy in fuel price, as the Nigerian Economic Summit Group (NESG) highlighted some challenges of the Nigerian economy in a new report. NESG, which is a private sector-led think-tank and policy advocacy group based

August 8, 2022

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exchange rate - Page 2

Official Market’s Dollar Rate Falls, Projected To Rise After Presidential Election

Naira Gains Against Dollar Amid N900 Exchange Rate Projection

New Report Predicts Dollar Hoarders To Lose Significantly In Black Market

Forex Transaction Drops In Official Market, Dollar Rate Rises In Black Market

Peter Obi Reveals Why Inflation, Dollar Rate Rise Under Buhari’s Gov’t

Dollar Goes For N740 In Black Market, Maintains N200 Above Official Forex Rate

Govt Must Tackle Oil Theft To Stabilise Forex Rate, Reserves – Emefiele Reveals

Naira Sustains Slow Recovery, As Dollar Goes For N772

Nigerian Think-Tank, NESG, Calls For Subsidy Removal, Change In FX Multiple Rates

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