Naira Gains Against Dollar At N872/$ With Increased Forex Turnover
Nigerian Naira strengthened against the US Dollar, marking a 1.52% gain and closing at N872.59 to a dollar on the first trading day post-Christmas.
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Tinubu Threatens To Shock Naira Speculators With N500/$1 Exchange Rate
Presidency has assured that the policies being worked on by the President Bola Tinubu administration will further strengthen the Naira that it will soon exchange for N500 to one United States Dollar.
Naira Hits N972 On Binance As US Dollar Continues To Weaken In Black Market
Naira held its ground in the black market, while the US dollar faced further weakening, with traders speculating on the Federal Reserves’ stance on interest rate hikes
Naira Speculators To Burn Their Fingers As Nigerian Govt Evolves New FX Stability Measure
The Nigerian government has announced plans to automate transactions in the entire foreign exchange market in order to close wide arbitrage and punish naira speculators. This is towards ensuring that all dealings in the foreign exchange (forex) market – from the official
Tinubu Vows To Re-float Nigeria’s Economy After Floating Naira
As the naira continues its free fall exchanging N1200/$1 today in the parallel market owing to the floating of the currency mid-June, President Bola Tinubu has vowed to clear foreign exchange contracts backlog discouraging investor confidence. Speaking at the ongoing Nigeria Economic
Ben Bruce Speaks On Falling Value Of Naira Against Dollar
Former Senator representing Bayelsa West, Ben Murray-Bruce has asserted that the value of the country’s troubled currency, Naira, won’t appreciate just by increased crude oil sales. The senator, known for his advocacy for locally-made goods and services, expressed concerns in a statement
ABCON Seeks Expanded Role For Members In Forex Market
In a bid to bolster liquidity in the forex market and enhance exchange rate stability, the Association of Bureau De Change Operators of Nigeria (ABCON) has petitioned the Central Bank of Nigeria (CBN) for broader participation of its members.
ACTN Tasks Nigerian Govt On Tackling Widening Naira-Dollar Disparity
The Association of Corporate Treasurers of Nigeria (ACTN) has voiced their concern about the ongoing depreciation of the Naira against the dollar.
Naira Slides Further To N1,160/$1 In Parallel Market
The Nigerian Naira continues to weaken against the US dollar in the parallel market, reaching a new low of N1,160 per US dollar. This marks a decline from the N1,100 exchange rate just the day before. The nation’s currency has faced relentless
Naira Hits N999/$1 At NAFEM As Disparity Widens
The exchange rate between the Nigerian naira and the US dollar plummeted to N999 per $1 during trading on October 19th, 2023. The alarming data, sourced from intraday trading on the FMDQ, which is the official platform for forex trading via NAFEM,
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