Currency - Page 29

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·News

CBN Denies Plans To Convert $30bn Domiciliary Deposits To Naira

The Central Bank of Nigeria (CBN) has denied planning to convert $30 billion deposits in domiciliary accounts in the country to naira. A report in one of the media outlets on Saturday

Victor Ezeja

February 3, 2024

CBN Directs IMTOs To Use I&E Window Rate To Convert Diaspora Remittances

Business·Currency

Why CBN Fixed $1m As Capital Requirements For International Money Transfer Operators

Central Bank of Nigeria (CBN) has set the bar high for International Money Transfer Operators (IMTOs) with a fixed minimum share capital requirement of $1 million.

Emmanuel Ochayi

February 3, 2024

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business·Currency·News

Naira Rallies Back, Now N1450/$1 At Black Market As CBN Takes Action

In a turn of events, the exchange rate between the Nigerian naira and the US dollar has reached an unprecedented low, trading at around N1450/$1 on the black market, marking a 37.6%

Emmanuel Ochayi

February 1, 2024

71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Business·Currency

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

The Central Bank of Nigeria (CBN) has placed restrictions on the amount of foreign exchange that banks may retain to prevent losses. This is as the country’s economy continues to witness depreciation

Victor Ezeja

January 31, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·Currency

Naira Hits Record Low At N1,482/$1 In Official Market, Triggering Economic Concerns, Shutdown Fears

The Nigerian naira witnessed a further decline on Tuesday, 30 January 2024, closing at N1,482 against the US dollar.

Emmanuel Ochayi

January 31, 2024

Naira Records First Major Depreciation At Official Market In 2025

Business·Currency

Naira Crisis: ‘Nigeria May Become Like Zimbabwe’

Stakeholders and economic experts have continued to express concerns about the persistent depreciation of the value of Nigerian currency, the naira.

Victor Ezeja

January 30, 2024

Naira vs Dollar: What To Expect This Week

Business·Currency

Naira Depreciates To Record Low Of N1,348/$1 At Official Market

The Nigerian naira plummeted to an unprecedented low of N1,348.63 against the dollar on the Nigerian Autonomous Foreign Exchange Market on Monday, marking a 51.21% fall from the previous week’s official rate.

Emmanuel Ochayi

January 30, 2024

Business·Currency

Naira Drops To N900/$1 In Official Market Despite CBN Efforts, Raises Concerns For Economic Stability

The Nigerian naira has plunged to a historic low of N900 against the US dollar in the official market, marking a setback despite relentless efforts by the Central Bank of Nigeria (CBN)

Emmanuel Ochayi

January 27, 2024

Naira Rises Against Dollar, Ends Week On Positive Note

Business·Currency

Naira Gains Marginally By 1.02% At Official Market

Nigerian currency the Naira, recorded a marginal gain of 1.02 percent against the US dollar as trading closed N891.90 /$ on Friday, 26th January 2024 at the official market.

Victor Ezeja

January 27, 2024

Naira Appreciates Against Dollar At Official, Black Market

Business·Currency

5 Measures To Stabilize Naira As Value Sinks To New Low Of N1,400/$1

Concerns about the impact of persistent depreciation of the value of the naira on Nigerian economy have continued to worry stakeholders in different stakeholders.

Victor Ezeja

January 26, 2024

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Currency - Page 29

CBN Denies Plans To Convert $30bn Domiciliary Deposits To Naira

Why CBN Fixed $1m As Capital Requirements For International Money Transfer Operators

Naira Rallies Back, Now N1450/$1 At Black Market As CBN Takes Action

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

Naira Hits Record Low At N1,482/$1 In Official Market, Triggering Economic Concerns, Shutdown Fears

Naira Crisis: ‘Nigeria May Become Like Zimbabwe’

Naira Depreciates To Record Low Of N1,348/$1 At Official Market

Naira Drops To N900/$1 In Official Market Despite CBN Efforts, Raises Concerns For Economic Stability

Naira Gains Marginally By 1.02% At Official Market

5 Measures To Stabilize Naira As Value Sinks To New Low Of N1,400/$1

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