Currency - Page 25

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.

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

Business·Currency

Naira Falls To N1,035/$1, As Depreciation Persists

The Nigerian Naira encountered a steep fall, culminating in a close at N1,035.12 per dollar in the official market on January 3, 2024, indicating a 4.72% decline from the previous closure. The

Emmanuel Ochayi

1 year ago

Business·Currency

Nigerian Naira Depreciates To N988/$ Despite $2.25bn Injection In Forex Market

The Nigerian naira spiraled downwards by 8.97% against the dollar, closing at N988.46/$1 despite a $2.25 billion infusion from Afreximbank.

Emmanuel Ochayi

1 year ago

How EFEMS Transparency Fuels Naira Demand In Parallel Market

Business·Currency·Latest News

Exchange Rate Closes Year At Historic Low Of N907/$1 In Official Market

Nigerian Naira closed the year at an unprecedented exchange rate of N907.11 per dollar at the official market, signifying a 26.8% depreciation since June 14th, amid a tumultuous year for Africa's largest

Emmanuel Ochayi

1 year ago

Naira Rises Against Dollar, Ends Week On Positive Note

Business·Currency·Latest News

Nigeria’s Foreign Reserves Hit Six-Year Low At $32.87bn As Naira Struggles

Nigeria’s economic landscape faces fresh turmoil as the country’s foreign exchange reserves hit a bleak low, recording $32.87 billion at December’s close, marking a six-year nadir. The data, revealed via the Central

Emmanuel Ochayi

1 year ago

Business·Currency

Naira To Sustain Depreciation In 2024 – Analysis Reveals

A grim forecast by Bloomberg L.P. has surfaced, signaling a continued slump of the Naira throughout 2024.

Emmanuel Ochayi

1 year ago

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Nigerian Naira Plummets To New Low, Hits N1,043.09/$ In Official Market

The Nigerian Naira plunged to a troubling low, closing at N1,043.09 against the dollar, marking a depreciation of 16.35% and signaling deep concerns for the country's economy just days before 2024.

Emmanuel Ochayi

1 year ago

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

Business·Currency

Naira Gains Against Dollar At N872/$ With Increased Forex Turnover

Nigerian Naira strengthened against the US Dollar, marking a 1.52% gain and closing at N872.59 to a dollar on the first trading day post-Christmas.

Emmanuel Ochayi

1 year ago

Business·Currency·Latest News

Naira Depreciates To N1,233/$ In Parallel Market, Registers Tepid Movement Across Forex Platforms

In the currency exchange market's dynamics, the Naira traded N1,233 against the US dollar at the parallel market on Monday, as affirmed by Bureau de Change (BDC) operators.

Emmanuel Ochayi

1 year ago

Currency·Latest News

Naira Devaluation Has Caused ‘Japa’ Tsunami Among Lecturers – UNILAG VC

The Vice-Chancellor of the University of Lagos, Prof. Folashade Ogunsola, has disclosed that the exchange rate of the naira to the dollar has so devalued the salaries of university workers that most

Victor Ezejaand

Admin

1 year ago

Business·Currency·Latest News

Naira Weakens To N885.88/$1, Stirring Christmas Spending Concerns

The Nigerian naira faced a 2.71% depreciation against the dollar on Friday, closing at N885.88/$1. The situation, compounded by a 22% reduction in forex turnover to $92.16 million, has sparked worries about

Emmanuel Ochayi

1 year ago

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Currency - Page 25

Naira Falls To N1,035/$1, As Depreciation Persists

Nigerian Naira Depreciates To N988/$ Despite $2.25bn Injection In Forex Market

Exchange Rate Closes Year At Historic Low Of N907/$1 In Official Market

Nigeria’s Foreign Reserves Hit Six-Year Low At $32.87bn As Naira Struggles

Naira To Sustain Depreciation In 2024 – Analysis Reveals

Nigerian Naira Plummets To New Low, Hits N1,043.09/$ In Official Market

Naira Gains Against Dollar At N872/$ With Increased Forex Turnover

Naira Depreciates To N1,233/$ In Parallel Market, Registers Tepid Movement Across Forex Platforms

Naira Devaluation Has Caused ‘Japa’ Tsunami Among Lecturers – UNILAG VC

Naira Weakens To N885.88/$1, Stirring Christmas Spending Concerns

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