Currency - Page 19

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.

Business·Currency·Latest News

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

In an effort to foster stability and lessen market volatility, the Central Bank of Nigeria (CBN) has again intervened in the foreign exchange (forex) market, selling a total of $122.67 million to

Victor Ezeja

7 months ago

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Currency·Finance & Economy·Latest News

Nigeria’s Foreign Reserves Hit $35.05bn, Highest Since Tinubu Assumed Office

Nigeria’s foreign reserves on Wednesday, surged to $35.05 billion being the highest since President Bola Tinubu assumed office last year. This is data according to data obtained from the Central Bank of

Victor Ezeja

7 months ago

What Naira's Continuous Depreciation Means For Nigerians This Festive Season

Business·Currency·Latest News·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 6th July 2024

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN)

Emmanuel Ochayi

7 months ago

Weak Naira: CBN Sells $543.5m To Boost FX Market

Business·Currency·Latest News

CBN Orders Banks, Forex Dealers To Accept Old, Lower Dollar Denominations

The Central Bank of Nigeria (CBN) has warned licensed forex dealers and Deposit Money Banks (DMBs) against rejecting older and smaller denominations of US dollars. The apex bank stated that they are

Victor Ezeja

7 months ago

Business·Currency·Latest News

CBN Revises Guidelines For Foreign Currency Deposits

The Central Bank of Nigeria (CBN) has released new guidelines for the deposit of foreign currency notes by Deposit Money Banks (DMBs). In a circular dated 27 June 2024 signed by CBN’s

Victor Ezeja

7 months ago

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th October 2024

Business·Currency·Latest News

Naira Continues Depreciation, Nears ₦1,500/$1 At Black Market

Nigerian currency the naira continued depreciation in the foreign exchange market last week, closing trading at almost ₦1,500 at the parallel market.

Victor Ezeja

9 months ago

Business·Currency·Latest News

Why Nigerian Govt Plans To Ban Naira From Crypto Trading Platforms

the Securities and Exchange Commission (SEC) has finalized plans to delist the naira from all peer-to-peer cryptocurrency trading platforms.

Victor Ezeja

9 months ago

Cryptocurrency Platforms Begin Charging 7.5% VAT On Transaction In Nigeria

Business·Currency·Latest News

Nigerian Govt Plans Suspension Of $57bn Crypto Businesses To Rescue Naira

Following a Monday meeting between the Securities and Exchange Commission SEC and operators of digital assets, Nigeria’s $56.7 billion peer-to-peer market in crypto is being considered for suspension by the government. Given

Emmanuel Ochayi

9 months ago

Business·Currency·Latest News·World News

Bitcoin, Ethereum Prices Rebound Following Interest Rate Uncertainty In U.S.

After a turbulent week characterized by speculative activity before a crucial Federal Reserve meeting and its potential impact on interest rates in the US, the prices of Bitcoin and Ethereum have rebounded.

Emmanuel Ochayi

9 months ago

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Currency·Finance & Economy

CBN Raises Customs FX Rate For Import Duties By 19.43% In 1 Week As Naira Depreciates

CBN has increased the foreign exchange (FX) rate for calculating Customs duties by 19.43 per cent in one week following the recent depreciation of the naira in the forex market.

Victor Ezeja

9 months ago

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Currency - Page 19

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

Nigeria’s Foreign Reserves Hit $35.05bn, Highest Since Tinubu Assumed Office

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 6th July 2024

CBN Orders Banks, Forex Dealers To Accept Old, Lower Dollar Denominations

CBN Revises Guidelines For Foreign Currency Deposits

Naira Continues Depreciation, Nears ₦1,500/$1 At Black Market

Why Nigerian Govt Plans To Ban Naira From Crypto Trading Platforms

Nigerian Govt Plans Suspension Of $57bn Crypto Businesses To Rescue Naira

Bitcoin, Ethereum Prices Rebound Following Interest Rate Uncertainty In U.S.

CBN Raises Customs FX Rate For Import Duties By 19.43% In 1 Week As Naira Depreciates

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