Currency - Page 18

Stay informed with the latest updates on Naira, Dollar, Pounds, and global currency exchange rates. Prime Business Africa provides real-time forex news, market trends, and expert analysis crucial for businesses and individuals dealing with foreign currencies. Understand the impact of fluctuating exchange rates on the economy and make informed financial decisions.

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency·Latest News

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

CBN has released a document containing revised regulatory and supervisory guidelines for Bureau De Change (BDC) Operations in Nigeria.

Victor Ezeja

9 months ago

Business·Currency·Latest News

Adopt Official FX Rate For Import Duty Assessment, CBN Tells Nigeria Customs

Following concerns raised by importers about irregular changes in import duty assessment levies applied by Nigeria Customs Service (NCS), in recent times, the Central Bank of Nigeria (CBN) has directed NCS and

Victor Ezeja

9 months ago

Naira Drops To N1606 Per Dollar, Lowest In 3 Weeks At Official Market

Business·Currency

Naira Trades N1,498/$ At Official Market, N1600 At Parallel Market As CBN Tackles Forex Operators

The naira edged up slightly against the US dollar, closing at N1,498.25/$ on Thursday, showing a marginal improvement from the previous day’s rate of N1,503.38/$. This minor appreciation occurred amidst ongoing efforts

Emmanuel Ochayi

9 months ago

Currency

Dollar Now N1600, Nigerians React

In Nigeria, the exchange rate has reached all all time high, with the dollar now exchanging for one thousand six hundred naira, while the pound surpasses two thousand naira. This increase has

Bisina Somto

9 months ago

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

Business·Currency

Naira Trades Above N1,500/$1 Amid CBN’s Forex Market Reforms

The Nigerian naira surged to an intra-day high of N1,582 against the US dollar on Wednesday, marking a notable milestone in the currency’s performance. However, this achievement was juxtaposed with a sharp

Emmanuel Ochayi

9 months ago

Business·Currency

Naira Hits N1,532/$1 As Nigerians Lament Worsening Economic Crisis

Nigerian naira plummeted to a historic low of N1,534 against the dollar on Monday, marking a downturn from its previous closing rate.

Emmanuel Ochayi

10 months ago

Gold Near Record Highs Amidst Inflation Concerns

Business·Currency

Gold Price Steady Below $2,030 Amidst Geopolitical Tensions

Amidst a backdrop of geopolitical tensions in the Middle East and anticipation for upcoming US inflation data, gold prices remained range-bound below the $2,030 mark on Monday.

Emmanuel Ochayi

10 months ago

Business·Currency

Naira Dips To N1,433 At Official Market Amid Surge In Forex Transactions

The Naira value slightly dropped in the official window despite surge in foreign exchange transactions, soaring to $584 million as data from the Nigerian Autonomous Foreign Exchange Market (FMDQ) revealed. This surge

Emmanuel Ochayi

10 months ago

Business·Currency·Finance & Economy·Latest News

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), said foreign education and medical tourism on have contributed significantly in Nigeria’s foreign exchange (FX) crisis. Cardoso made the revelation when

Victor Ezeja

10 months ago

Business·Currency

Naira Weakens At Parallel Market, Appreciates To N1,419/$1 At Official Window

Nigerian Naira on Monday showed resilience at the official forex window, appreciating by 1.09% to close at N1,419.86/$.

Emmanuel Ochayi

10 months ago

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Currency - Page 18

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

Adopt Official FX Rate For Import Duty Assessment, CBN Tells Nigeria Customs

Naira Trades N1,498/$ At Official Market, N1600 At Parallel Market As CBN Tackles Forex Operators

Dollar Now N1600, Nigerians React

Naira Trades Above N1,500/$1 Amid CBN’s Forex Market Reforms

Naira Hits N1,532/$1 As Nigerians Lament Worsening Economic Crisis

Gold Price Steady Below $2,030 Amidst Geopolitical Tensions

Naira Dips To N1,433 At Official Market Amid Surge In Forex Transactions

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

Naira Weakens At Parallel Market, Appreciates To N1,419/$1 At Official Window

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