Naira – Page 2 of 3 – Prime Business Africa

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

2022 In Review: How CBN Helped Dollar Speculators Win Big Against Naira

In the year 2022, Naira has had to fight against negative projection, strong dollar speculators, hoarders and the flip-flop policies of the Central Bank of Nigeria (CBN). Judging by the exchange rate as of Wednesday, speculators are still winning. Although the naira

December 22, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar Rate Rises Again As CBN Speaks On Cash Withdrawal Limits

The naira continued its free fall on November 8 in the official market of the Investors & Exporters window after the dollar appreciated by 0.03 per cent. According to FMDQ’s exchange rate data for the official market, the naira exchanged for the

December 9, 2022

Business·Currency

Redesigned Naira: CBN Finally Addresses Controversial N5000 Notes

The Central Bank of Nigeria (CBN) has reacted to claims that it plans to release N5000 notes after redesigning the existing lower denominations. According to the CBN’s Director of Currency Operations, Ahmed Umar, the apex bank is not introducing N5000 notes, contrary

November 30, 2022

Business·Opinion

Economy, CBN And ‘Naira Battles’

The economy is the ‘oxygen’ of a people, and basically about the allocation of scarce resources for production, distribution and consumption for the fulfillment of the needs of the people. A national economy is classified into four basic sectors, namely, the primary

August 25, 2022

Business

CBN’s Move To Defend Naira Against Dollar Affects External Reserves, Drops $337 million In Two Weeks

The Central Bank of Nigeria (CBN) has taken foreign exchange out of the external reserves to defend the naira against the dollar, resulting to the reserves depleting by $337 million. According to data from the central bank, it was gathered that the

August 16, 2022

Business·Currency

CBN Addresses Connection Between Cryptocurrencies and Naira

The Central Bank of Nigeria (CBN) has dismissed the connection between the naira and cryptocurrency market, stating that the Nigerian currency doesn’t mirror any cryptoasset. Nigeria’s financial regulator’s statement comes amid naira’s deteriorating value against foreign currencies in the black market, which

August 1, 2022

Business·Currency

Black Market Dollar To Naira Exchange Rate Today: Nigerian Currency Depreciates 21% Since CBN Ban On BDC Operators

The United States currency, Dollar, and that of Nigeria, Naira, held tight to their ground on Friday, trading at the same previous rates across the official foreign exchange market, Investors & Exporters (I&E) window, as well as the black market. On Thursday,

June 20, 2022

Business·Currency

Black Market Dollar To Naira Exchange Rate Today: Nigerians Now Pay Over N600 To Get $1

The Nigerian currency, Naira, fell to the dollar on Wednesday, in the black market segment of the foreign exchange channels, depreciating by -0.2% at the end of trading activities in the peer-to-peer market. On Tuesday, the Naira had closed at N615 to

June 16, 2022

Business

BDC Operators Address Unstable Forex Rates, As Naira Hit N615 Per Dollar

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urge the Central Bank of Nigeria (CBN) to partner with the group in order to end multiple exchange rates, as rise Naira grows weaker. Naira had closed the official market at

June 7, 2022

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Dollar Exchanges For Over N600, As Naira Falls In Official Investors Market

The cost of exchanging naira to dollar increased on Thursday in the black market, as the value of the Naira continues to move in different paths across the peer-to-peer segment and the official foreign exchange market. Earlier today, Nigerians using the parallel

June 2, 2022

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Naira - Page 2

2022 In Review: How CBN Helped Dollar Speculators Win Big Against Naira

Dollar Rate Rises Again As CBN Speaks On Cash Withdrawal Limits

Redesigned Naira: CBN Finally Addresses Controversial N5000 Notes

Economy, CBN And ‘Naira Battles’

CBN’s Move To Defend Naira Against Dollar Affects External Reserves, Drops $337 million In Two Weeks

CBN Addresses Connection Between Cryptocurrencies and Naira

Black Market Dollar To Naira Exchange Rate Today: Nigerian Currency Depreciates 21% Since CBN Ban On BDC Operators

Black Market Dollar To Naira Exchange Rate Today: Nigerians Now Pay Over N600 To Get $1

BDC Operators Address Unstable Forex Rates, As Naira Hit N615 Per Dollar

Dollar Exchanges For Over N600, As Naira Falls In Official Investors Market

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