Currency - Page 24

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.

Naira Rises Against Dollar, Ends Week On Positive Note

Business·Currency

Naira Depreciation Sparks Surge In Dollar Savings As BDC Seeks Central Bank Review

Bureau De Change operators sounded the alarm as Nigerians flock to keep their savings in US dollars amid concerns over the eroding value of the naira.

Emmanuel Ochayi

12 months ago

How EFEMS Transparency Fuels Naira Demand In Parallel Market

Business·Currency

Naira Hits New Record Low At N1,320/$1

Naira plummeted to an unprecedented low of N1,320 per dollar on Wednesday, marking a 3.03% or N40.00 drop from the previous day's close at N1,280.

Emmanuel Ochayi

12 months ago

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

Business·Currency

Naira Hits Record High, Surpassing N1,300/$ In Cryptocurrency, Parallel Markets

The Nigerian naira has surged past the N1,300 mark against the US dollar in both the Peer-to-Peer cryptocurrency window and the parallel market.

Emmanuel Ochayi

12 months ago

Business·Currency

Naira Falls By N15.75, Closes At N890/$1

In a turn of events, the Nigerian naira experienced a notable dip against the dollar on Friday, January 12, 2024, both in official and black market exchange windows. Data from the NAFEM,

Emmanuel Ochayi

12 months ago

Naira Falls By 69% YoY To N1,535 Per Dollar At Official Market

Business·Currency

Naira Appreciates To N874 In Official Market Amid $2.25bn FX Support

The Naira staged a recovery, appreciating by 19.17% against the dollar at the official market on Thursday, January 11, 2024.

Emmanuel Ochayi

12 months ago

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

Business·Currency

Naira Depreciation Deepens, Exchanges N1,089.51/$1 At Official Market 

The value of the Nigerian naira dropped on Tuesday in the official Investor and Exporter window from N856.57/$ on Monday to N1089.51/$.

Victor Ezeja

12 months ago

Business·Currency·Latest News

Naira Dips To N1,245/$1 In Unofficial Market Amid CBN’s Effort

In a twist of currency dynamics, the naira faces a tale of two markets as its value fluctuates to N1,230/$1 and N1,245/$1, driven by unofficial P2P and physical black markets despite Nigeria’s apex

Emmanuel Ochayi

12 months ago

Business·Currency

Naira Appreciates To N856/$1 In Official Window As Afreximbank Injects $2.25bn Into FX Market

In a positive turn for the Nigerian economy, the Naira saw a surge against the dollar at both the official and parallel forex markets on Monday. The official exchange rate closed at

Emmanuel Ochayi

12 months ago

Business·Currency·Latest News·Markets

Cadbury, Guinness, Nestle Hit By Naira Depreciation As Report Reveals N472.3bn Loss

In a revelation by Meristem, some major consumer goods companies in Nigeria such as Cadbury, Guinness Nigeria, and Nestle, suffered a combined loss of N472.3 billion due to the depreciation of the

Emmanuel Ochayi

12 months ago

Business·Currency

Naira Appreciates To N869/$1 As Experts Debate Stability

Naira demonstrated fortitude by appreciating to N869.13/$1, thereby, gaining further ground against the dollar at the official market on Friday, marking its second advance in the New Year.

Emmanuel Ochayi

1 year ago

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Currency - Page 24

Naira Depreciation Sparks Surge In Dollar Savings As BDC Seeks Central Bank Review

Naira Hits New Record Low At N1,320/$1

Naira Hits Record High, Surpassing N1,300/$ In Cryptocurrency, Parallel Markets

Naira Falls By N15.75, Closes At N890/$1

Naira Appreciates To N874 In Official Market Amid $2.25bn FX Support

Naira Depreciation Deepens, Exchanges N1,089.51/$1 At Official Market

Naira Dips To N1,245/$1 In Unofficial Market Amid CBN’s Effort

Naira Appreciates To N856/$1 In Official Window As Afreximbank Injects $2.25bn Into FX Market

Cadbury, Guinness, Nestle Hit By Naira Depreciation As Report Reveals N472.3bn Loss

Naira Appreciates To N869/$1 As Experts Debate Stability

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