Currency - Page 45

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

Business·Currency·Insights

Will Tinubu’s Foreign Exchange Policy Reform End Black Market Activities?

As of March 2023, Nigeria was one of 24 countries with multiple foreign exchange markets, housing the official and black markets, both of which have a premium gap. The countries with active

Fakoyejo Olalekan

July 4, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar Rates Fall In Official Window, Up In Black Market, To Affect Fuel Price

At the close of trading in the official market on Monday, foreign exchange traders exchanged the United States Dollar (USD) at N741.50/$1. This was below the N769.25/$1 rate the authorised dealers sold

Fakoyejo Olalekan

July 4, 2023

Business·Currency

Prices Of Dollar, Pound, Euro Fall In Black Market, USD Sells At N769 In Official Window

The price of the United States Dollar dropped slightly by N2.3 kobo or 0.3 per cent in the Bureau De Change window of the black market on Friday. Prime Business Africa gathered

Fakoyejo Olalekan

July 3, 2023

Business·Currency

Dollar Records Mixed Fortunes In Official Window, Black Market

The foreign exchange rate aggregator for the official market, FMDQ Exchange, disclosed that the average rate of the dollar at the end of Tuesday’s session was N763/$1. It contrasted with the N768.17/$1

Fakoyejo Olalekan

June 28, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Dollar Sells Above N760 In Official, Black Markets, BDC Increases Euro, Pound Rates

The dollar rates in the investors’ and exporters’ window of the official market and that of the Bureau De Change (BDC) window in the black market continue to converge. At the close

Fakoyejo Olalekan

June 27, 2023

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

Business·Currency

BDC Operators, Official Market Increase Dollar, Pound And Euro Rates

The foreign exchange rates rose across the official market and the black market on Thursday, according to reports from the FMDQ Exchange and Naira Rates. Data obtained from FMDQ Exchange, the official

Fakoyejo Olalekan

June 23, 2023

Business·Currency

One Dollar Costs N760 In Black Market, USD Rises In Official Market

The average rate of the dollar in the black market increased by N1.2 kobo or 0.15% on Wednesday, 21 June, to N760.3/$1, from the previous day’s N759.1/$1. However, the pound rate depreciated

Fakoyejo Olalekan

June 22, 2023

Naira Appreciates Against Dollar At Official, Black Market

Business·Currency

Naira To Dollar Rate Fall To N756 In Official Market, Increases In Black Market

The naira to dollar rate closed at N756.61/$1 in the investors’ and exporters’ window of the official market on Tuesday, 19 June. Prime Business Africa learnt from the FMDQ Exchange that the

Fakoyejo Olalekan

June 21, 2023

Business·Currency

Dollar Rate Rises To N770/$1 In Official Market, Trade At N757 In Black Market

The official market has turned the tide against the black market, as the gap between both foreign exchange channels is N12.98 kobo, as of Monday, 19 June 2023. Prime Business Africa notes

Fakoyejo Olalekan

June 20, 2023

Business·Currency

GTBank, Zenith, Others Receive 6 New Forex Directives From CBN

The domiciliary account withdrawal limit has been increased to $10,000 per day by the Central Bank of Nigeria (CBN), as the apex bank issues six new directives to Deposit Money Banks (DMBs).

Fakoyejo Olalekan

June 19, 2023

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Currency - Page 45

Will Tinubu’s Foreign Exchange Policy Reform End Black Market Activities?

Dollar Rates Fall In Official Window, Up In Black Market, To Affect Fuel Price

Prices Of Dollar, Pound, Euro Fall In Black Market, USD Sells At N769 In Official Window

Dollar Records Mixed Fortunes In Official Window, Black Market

Dollar Sells Above N760 In Official, Black Markets, BDC Increases Euro, Pound Rates

BDC Operators, Official Market Increase Dollar, Pound And Euro Rates

One Dollar Costs N760 In Black Market, USD Rises In Official Market

Naira To Dollar Rate Fall To N756 In Official Market, Increases In Black Market

Dollar Rate Rises To N770/$1 In Official Market, Trade At N757 In Black Market

GTBank, Zenith, Others Receive 6 New Forex Directives From CBN

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