Currency - Page 43

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

CBN Hijacked State Power, Confiscated The Naira, Says Stanbic IBTC Owner, Peterside

Owner of Stanbic IBTC, Atedo Peterside at the weekend said the Central Bank of Nigeria (CBN) actually hijacked the powers of the state by confiscating the naira in the guise of currency

Uduegbunam Chukwujama

2 years ago

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

Business·Currency

Dollar Rate Rises In Official Window, Falls In Black Market

The value of foreign exchange (Forex) transacted on Thursday, 3 March 2023, dropped when compared to the previous day’s transaction. In the foreign exchange data obtained from FMDQ Securities, a firm that

Fakoyejo Olalekan

2 years ago

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business·Currency

Breaking: Old Naira Notes Remain Legal Tender, Supreme Court Rules

The Supreme Court has ruled that the old N1,000, N500, and N200 notes remain legal tender until December 31. The seven-man panel of justices of the apex court gave the ruling at

Victor Ezeja

2 years ago

Supreme Court Grants Financial Autonomy To LGs, Bars Govs From Dissolving Councils

Currency·Latest News

Supreme Court Set To Deliver Judgment Today On Naira Policy

The Supreme Court is set to deliver judgment today on the controversy surrounding the naira swap policy of the Central Bank of Nigeria (CBN). The apex court had on February 22 fixed

Victor Ezeja

2 years ago

Moghalu, British Gov’t Support Tinubu’s Fuel Subsidy Removal, Forex Reforms

Business·Currency

Mixed Fortunes For Forex Markets: How Tinubu’s Win Will Affect Dollar Rate

The United States Dollar (USD) gained against the Naira in the black market on Thursday, 2 March 2023, as the exchange rate appreciated by 1.05 per cent. During trading in the Bureau

Fakoyejo Olalekan

2 years ago

19 Bank Workers Sacked, As Nigerian Banks Lose N1.17 billion To Fraud

Business·Currency·Latest News

Nigerian Banks Under Liquidity Stress – Moody’s

Moody’s Investors Service has provided an in-depth analysis of how foreign currency shortages mount serious pressure on Nigerian banks. Its report in February reveals that Nigerian banks’ liquidity are under serious pressure

Uduegbunam Chukwujama

2 years ago

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Cost Of Dollar Falls In Black Market, Investors Trade More USD

The value of the United States Dollar (USD) dropped in the black market on Monday, 27 February 2023, as the Naira appreciates by 0.26 per cent. It was gathered that the cost

Fakoyejo Olalekan

2 years ago

Business·Currency·Opinion

Time To Reintroduce Coins

Who remembers the last time he or she held, had and used the coin as a means of exchange in Nigeria? It is a very interesting and serious question. How many of

Ifeanyi Ibe

2 years ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Naira Gains Against Dollar Amid N900 Exchange Rate Projection

The exchange rate between the Dollar and the Naira depreciated by –0.05 per cent on Thursday, 23 February 2023, the FMDQ Securities disclosed. According to data obtained from FMDQ, which monitors the

Fakoyejo Olalekan

2 years ago

Business·Currency·Top Stories

CBN Thinks eNaira For $800m Cash Transfer Scheme In 2023

The Central Bank of Nigeria (CBN) has proposed that the 2023 cash transfer scheme under the National Safety Net Programme Scale Up should deploy the eNaira as vehicle. This will further entrench

Uduegbunam Chukwujama

2 years ago

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Currency - Page 43

CBN Hijacked State Power, Confiscated The Naira, Says Stanbic IBTC Owner, Peterside

Dollar Rate Rises In Official Window, Falls In Black Market

Breaking: Old Naira Notes Remain Legal Tender, Supreme Court Rules

Supreme Court Set To Deliver Judgment Today On Naira Policy

Mixed Fortunes For Forex Markets: How Tinubu’s Win Will Affect Dollar Rate

Nigerian Banks Under Liquidity Stress – Moody’s

Cost Of Dollar Falls In Black Market, Investors Trade More USD

Time To Reintroduce Coins

Naira Gains Against Dollar Amid N900 Exchange Rate Projection

CBN Thinks eNaira For $800m Cash Transfer Scheme In 2023

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