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Naira devaluation in Nigeria

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

13 Nigerian States Reap N71.59 Billion Forex Profits Amidst Naira’s Depreciation

In a financial upturn that defied the odds, thirteen Nigerian states have raked in a sum of N71.59 billion in foreign exchange revaluation profits within just three months. This revelation surfaced from the latest third-quarter budget implementation reports, showcasing a windfall amidst the Naira’s

November 20, 2023

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

Business·Currency

Naira Depreciates To N756/$ In I&E Window

In a dynamic twist of events, the Nigerian naira faced a rollercoaster ride in the financial markets on Wednesday. The currency, which had exchanged for N745.19 to a dollar just a day before, saw a significant dip of 1.48 percent, settling at

October 5, 2023

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

Business·Finance & Economy

Unprecedented Naira Depreciation As Black Market Rate Hits N1000/$1 In Q3 2023

Nigeria’s currency, the Naira, experienced a significant depreciation during the third quarter of 2023, with the unofficial market rate plummeting to N1000/$1. This alarming drop, coupled with a decline in external reserves, is raising concerns about the nation’s economic stability. Official figures

October 4, 2023

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Business·Oil & Gas

What You Need To Know, As Six Nigerian Companies Get Fuel Importation License

Six oil companies have been given the approval to import petroleum products into Nigeria, starting from July 2023, the Managing Director of the Nigeria Mainstream and Downstream Petroleum Regulatory Authority (NMDRA), Farouk Ahmed, disclosed. Ahmed, on Monday, 19 June, said the companies

June 20, 2023

Naira Devaluation Will Cause Negative Impact Of $22m On Revenues, Airtel Africa Says

Business

Naira Devaluation To Cause Negative Impact Of $22m On Revenues, Airtel Africa Tells Shareholders

The naira devaluation will significantly impact the revenue of Airtel Africa in 2023, with the company projecting a $22 million loss in revenues should the naira devalue by 1%. However, the naira depreciated by 65.9% to N770/$1, from N464/$1 last week Tuesday,

June 20, 2023

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Naira devaluation in Nigeria

13 Nigerian States Reap N71.59 Billion Forex Profits Amidst Naira’s Depreciation

Naira Depreciates To N756/$ In I&E Window

Unprecedented Naira Depreciation As Black Market Rate Hits N1000/$1 In Q3 2023

What You Need To Know, As Six Nigerian Companies Get Fuel Importation License

Naira Devaluation To Cause Negative Impact Of $22m On Revenues, Airtel Africa Tells Shareholders

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