Currency - Page 47

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 Strengthens To N1,576 As Dollar Supply Rises

Business·Currency

Naira Gains Against Dollar On Back Of Increased Interest Rate

Following the increase in Nigeria’s interest rate by the Central Bank of Nigeria (CBN), the exchange rate between the naira and dollar depreciated on Wednesday, 26 January 2023. According to the data

Fakoyejo Olalekan

2 years ago

Cash In Circulation Up By N701.4 billion, Emefiele's CBN Loses Control Again

Business·Currency

Pure Water Sellers, Chicken Republic Announce Dates To Stop Accepting Old Naira Notes

Small and medium businesses have began to reject old naira notes, as the deadline for the banknotes to become illegal nears. Prime Business Africa had reported that the Central Bank of Nigeria

Fakoyejo Olalekan

2 years ago

Naira Slips Again As Dollar Supply Drops

Business·Currency

Black Market’s Dollar Rate Now N288 Higher Than CBN-backed Official Rate

The exchange rate between the naira and the dollar sold at an average of N750/$1 on Wednesday, 25 January 2023, in the black market. In the black market, operated by the Bureau

Fakoyejo Olalekan

2 years ago

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Currency

Naira Reissue: CBN Insists On January 31 Deadline For Old Notes

Despite pressure by various groups for the extension of the deadline of phasing out the old ₦1,000, ₦500, ₦200 notes, the Central Bank of Nigeria (CBN) has insisted that they would cease

Victor Ezeja

2 years ago

Business·Currency

Dollar Rate: Gap Between Official, Black Markets Rises To 61.3%

The dollar rate rose in the Bureau De Change window of the black market on Tuesday, 24 January 2023, as the naira weakened by -1.07 per cent. It was learnt that the

Fakoyejo Olalekan

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 Faces Biggest Devaluation, Loses To Dollar, Others

In the Investors and Exporters window of the official market, the exchange rate between the naira and the dollar depreciated by 0.05 per cent or N0.25 kobo on Friday, 20 January 2023.

Fakoyejo Olalekan

2 years ago

Currency

New Naira: CBN Launches Cash Swap Programme For Rural/Underserved Areas

In line with its quest to ensure adequate circulation of the newly redesigned naira banknotes, the Central of Nigeria (CBN), has launched a cash-swap programme to serve people in rural and underserved

Victor Ezeja

2 years ago

Business·Currency

High Demand Pushes Up Dollar Rate In Official Channel, Naira Gains In Black Market

The FMDQ Exchange disclosed that the official exchange rate between the naira and the dollar rose on Thursday, 19 January 2023, as the local currency closed weak. According to data published by

Fakoyejo Olalekan

2 years ago

Business·Currency

Naira Gains Against Dollar In Black Market, Official Market

The exchange rate between the naira and the dollar depreciated in the black market and the official channel on Wednesday, 18 January 2023. In the official market, the naira held on against

Fakoyejo Olalekan

2 years ago

Business·Currency

Forex Transaction Drops In Official Market, Dollar Rate Rises In Black Market

The volume of foreign exchange (forex) traded on Tuesday, 17 January 2023, fell by 72 per cent in the Investors and Exporters (I&E) window of the official market. According to data obtained

Fakoyejo Olalekan

2 years ago

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Currency - Page 47

Naira Gains Against Dollar On Back Of Increased Interest Rate

Pure Water Sellers, Chicken Republic Announce Dates To Stop Accepting Old Naira Notes

Black Market’s Dollar Rate Now N288 Higher Than CBN-backed Official Rate

Naira Reissue: CBN Insists On January 31 Deadline For Old Notes

Dollar Rate: Gap Between Official, Black Markets Rises To 61.3%

Naira Faces Biggest Devaluation, Loses To Dollar, Others

New Naira: CBN Launches Cash Swap Programme For Rural/Underserved Areas

High Demand Pushes Up Dollar Rate In Official Channel, Naira Gains In Black Market

Naira Gains Against Dollar In Black Market, Official Market

Forex Transaction Drops In Official Market, Dollar Rate Rises In Black Market

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