Naira – Page 2 of 3 – Prime Business Africa

Forex: Naira Ends Week On Positives Note With N1,431/$ At Official Market

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

Fakoyejo Olalekan

1 year ago

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

Fakoyejo Olalekan

1 year ago

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

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

Arize Nwobu

2 years ago

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

Fakoyejo Olalekan

2 years ago

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

Fakoyejo Olalekan

2 years ago

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

Fakoyejo Olalekan

2 years ago

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

Fakoyejo Olalekan

2 years ago

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

Fakoyejo Olalekan

2 years ago

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

Fakoyejo Olalekan

2 years ago

The naira's value against the dollar took a hit at the start of the week, with exchange rates opening at N1,200/$1 on peer-to-peer (P2P) platforms

Business·Latest News·Top Stories

Pre-election Year: N17tn Bank Deposits Hinged On Naira Depreciation, Investor Apathy

Households and corporates are increasingly becoming risk-averse as Nigeria gets closer to election year 2023, justifiably reflecting concerns around political uncertainties and attendant macro risks. This account for the astronomical rise in

Uduegbunam Chukwujama

2 years ago

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Naira - Page 2

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

Pre-election Year: N17tn Bank Deposits Hinged On Naira Depreciation, Investor Apathy

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