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Foreign Exchange - Page 2

World Bank Blames Remittance Diversion On Exchange Rate Woes In Africa

World Bank's latest Migration and Development Brief, titled “Leveraging Diaspora Finances for Private Capital Mobilization,” underscores the adverse impact of fixed exchange rates and capital controls on remittance flows in Sub-Saharan Africa.

December 27, 2023

FEATURES·Finance & Economy

UPDATED: Top 15 African Countries With Strongest Currency Exchange Rate

Many African currencies have over the years suffered from weak value in the global exchange market due to dynamics in the economies of the countries. According to an International Monetary Fund (IMF) report in May 2023, many African countries have weak currencies

August 11, 2023

Finance & Economy

‘Tinubu’s Reforms Will Bolster Econonmic Growth’

A Stakeholder in Nigeria’s Energy Sector and a former Presidential Candidate, Mr. Gbenga Olawepo-Hashim, has indicated that Nigeria may be set for a huge economic growth owing to the current financial and economic reforms embarked on by the administration of President Bola

July 3, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira Falls To Dollar, As Exchange Rate Hits N463.02/$1

The official market ended foreign exchange (forex) trading on Wednesday, 10 May, at N463.02/$1, as the Dollar rate increased by N0.77 kobo. This contrasted with the N462.25 kobo/$1 foreign exchange rate FMDQ Exchange reported at the close of trading the previous day. FMDQ

May 11, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Dollar Remains Strong Against Naira As Dangote Refinery Set To Free Up Forex

The exchange rate between the Naira and the Dollar settled at ₦462.78/$1 on Monday, 8 May, in the official market, which is backed by the Central Bank of Nigeria (CBN). At the end of trading, the United States currency increased in value

May 9, 2023

Business·Currency

Naira Recovery Knocks Down Dollar Rate In Official Market

Dollar rate in official market was down on Tuesday, 2 May 2023, with the Naira recovering from drop reported on Friday, 28 April. Due to the Workers’ Day public holiday on Monday, 1 May, the official market was closed, hence, no foreign

May 3, 2023

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

Business·Currency

Naira To Dollar Exchange Rate Hit N462, MTN, 11 Plc CEOs Lament

The Naira extended its gain against the United States Dollar to the third day of trading in the official market, as the foreign exchange (forex) rate between both currencies closed at ₦462/$1 on Thursday, 27 April. Prime Business Africa previously reported on

April 28, 2023

Business·Currency

Dollar Rate Rises By N0.45 kobo, As Naira Devaluation Continues

On Wednesday, 5 April 2023, the Dollar rate closed trading at N463.75 kobo, as the Naira depreciated in value by –0.09 per cent in the official market. According to data obtained from FMDQ Exchange, the cost of dollars in the official market

April 6, 2023

21 International Airlines Operating In Nigeria

Business

Foreign Airlines Increase Forex Rate On Ticket Charge In Nigeria

International airlines have raised the foreign exchange (Forex) rate in their ticket charge for international travel, a move that could lead to a reduction in passenger volume. The foreign airlines have reportedly increased the rate charge for their flight ticket from the

April 4, 2023

Business·Currency

Dollar Rate Up In Official Market, As Naira Drops In Value

The exchange rate between the Naira and Dollar settled at N463.50/$1 on Monday, 3 March 2023, as the Nigerian currency depreciated in value by 0.45 per cent in the official market. Prime Business Africa learnt that the Naira to Dollar rate closed

April 4, 2023

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Foreign Exchange - Page 2

World Bank Blames Remittance Diversion On Exchange Rate Woes In Africa

UPDATED: Top 15 African Countries With Strongest Currency Exchange Rate

‘Tinubu’s Reforms Will Bolster Econonmic Growth’

Naira Falls To Dollar, As Exchange Rate Hits N463.02/$1

Dollar Remains Strong Against Naira As Dangote Refinery Set To Free Up Forex

Naira Recovery Knocks Down Dollar Rate In Official Market

Naira To Dollar Exchange Rate Hit N462, MTN, 11 Plc CEOs Lament

Dollar Rate Rises By N0.45 kobo, As Naira Devaluation Continues

Foreign Airlines Increase Forex Rate On Ticket Charge In Nigeria

Dollar Rate Up In Official Market, As Naira Drops In Value

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