Naira Crisis: ‘Nigeria May Become Like Zimbabwe’
Stakeholders and economic experts have continued to express concerns about the persistent depreciation of the value of Nigerian currency, the naira.
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Naira Falls In Official Window, Dollar Rate Declines In Black Market
The official market recorded another decline in the value of the naira, as the dollar rate went up by 0.23 per cent at the end of trading on December 21, 2022. According to trading data obtained from FMDQ Securities, the exchange rate
Black Market Increases Dollar Rate Amid Probe Of CBN’s Cash Withdrawal Policy
The FMDQ Securities Exchange has revealed that the dollar rate in the Investors and Exporters (I&E) window of the official market rose 0.09 per cent. Prime Business Africa gathered from FMDQ Securities foreign exchange data that the rise represents N0.38 kobo, as
FG Issues 3-year Forecast For Naira, Dollar Rate As BDC Operators Sell At N680
The Federal Government has projected that the United States currency, dollar, will exchange in naira at a rate of N435.57 next year, as the naira remains weak in the black market. This indicates the devaluation of Nigeria’s currency will continue into 2023,
Black Market Dollar To Naira Exchange Rate: Dollar Rate Rises In Official Market, Euro, Pound Crashes
July 15, 2022 Dollar Update: The United States currency gained against the naira on Friday in the official market, while it appreciated against the Euro and Pounds, the Investors and Exporters (I&E) window revealed. Traders at the official market backed by the
Black Market Dollar To Naira Exchange Rate Today: Again, Bureau De Change Operators Increase Rate
July 13, 2021 Dollar Rate Update: Nigeria’s legal tender, naira, continues to depreciate in value in the black market against the dollar, but the currency gained ground in the official foreign exchange market. On Wednesday, the local currency fell by -0.16% to
Dollar To Naira Exchange Rate: Bureau De Change Operators Increase Dollar Rate, Take Advantage Of Eid-el-Kabir Holiday
July 12, 2022 Dollar Rate Update: The naira depreciated on Tuesday at the black market, as the Bureau De Change operators increased their exchange rate for dollar, after close of official market diverted demand to the parallel sector. Nigeria’s official market, the
Dollar To Naira Exchange Rate: Dollar Rate Rises Again, As Supply Reaches New High
July 7, 2022 Dollar Rate Update: Investors and Exporters window closed trading on Thursday with the naira depreciating in value, just a day after improving. It shared the same fate in the black market. Prime Business Africa had reported that the official
Dollar To Naira Exchange Rate: Cost Of Dollar Rises By N4.25, As Foreign Reserves Up $5.83bn
July 5, 2022 Dollar Rate Update: The cost of naira and dollar exchange reversed to their level in December 2021 following a 0.99% decline in the value of the Nigerian currency after trading in the official market on Tuesday. Nigeria’s legal tender
Dollar To Naira Exchange Rate: Bureau De Change Operators, I&E Sellers Increase Price Of Dollar
July 4, 2022 Forex Update: The value of the United States currency, dollar, grew against the naira on Monday across the official foreign exchange market and the black market, as supply of the greenback falls. The cost of dollar rose by 0.18%
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