Currency - Page 48

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 Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Black Market Naira To Dollar Rate Falls, USD Cost Rises In Official Market

The Naira to Dollar rate closed Monday’s official foreign exchange market at N463.5 kobo/$1, with the Nigerian currency depreciating by 0.10 per cent. Investors and exporters were offered the Dollar at N0.5

Fakoyejo Olalekan

May 23, 2023

Business·Currency

Dollar Sells At N463 In Official Market, Black Market Traders Buy At N759

The Dollar rate was static in the official market, as traders in the investors’ and exporters’ window traded fewer foreign exchange on Friday. At the end of trading, according to data obtained

Fakoyejo Olalekan

May 22, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Investors, Exporters Buy Dollars At Lower Rate, As Naira Value Rises

In the official market on Thursday, 19 May, traders saw the foreign exchange (Forex) rate between the Naira and the Dollar end at N463/$1. This contrasted with the N465.13/$1 both currencies traded

Fakoyejo Olalekan

May 19, 2023

Business·Currency

Dollar Rate Rises, As Senate Orders CBN To Release $717.47 million

Investors and exporters were offered the Dollar at the rate of N465.13 kobo/$1 on Wednesday, according to FMDQ Exchange data. This was the closing rate of the Naira to Dollar exchange in

Fakoyejo Olalekan

May 18, 2023

Naira Records First Major Depreciation At Official Market In 2025

Business·Currency

Gap Between Black Market, Official Window Dollar Rates Now N275.33

The gap between the foreign exchange rates for the Naira and the Dollar in the black market and the official window stood at N275.33 kobo on Tuesday, 16 May. Prime Business Africa gathered

Fakoyejo Olalekan

May 17, 2023

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

Business·Currency

Nigeria’s Official Foreign Exchange Rate Depreciates, Traders Transact $55.10 million

The value of the Naira decreased slightly by 0.36 per cent on Monday, 15 May, with the cost of a Dollar inching higher by N1.67 kobo. This is according to the FMDQ

Fakoyejo Olalekan

May 16, 2023

Business·Currency

Black Market Operators Buy Dollar At N738, Pound N920, As Official Market Rate Drops

The Dollar was offered to traders in the official market at the rate of N462.33/$1 by the close of business on Friday, 12 May. This is lower than the N462.73/$1 investors and

Fakoyejo Olalekan

May 15, 2023

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

Business·Currency

Traders Pay More For Forex As Dollar Rate Rises In Official, Black Markets

The Dollar was sold at N462.73 kobo on the official foreign exchange market and N745/$1 in the black market on Thursday, 11 May. Traders saw the Naira they exchanged for the Dollar

Fakoyejo Olalekan

May 12, 2023

Business·Currency

Naira Falls To Dollar, As Exchange Rate Hits N463.02/$1

The official market ended foreign exchange (forex) trading on Wednesday, 10 May, at N463.02/$1, as the Dollar rate increased by N0.77 kobo. This contrasted with the N462.25 kobo/$1 foreign exchange rate FMDQ Exchange

Fakoyejo Olalekan

May 11, 2023

Business·Currency

CBN’s RT200 FX Programme Increases Repatriation Of Non-oil Export Proceeds

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, revealed that the RT200 FX programme has led to an increase in foreign exchange repatriation. Emefiele said the rebate programme attached

Fakoyejo Olalekan

May 11, 2023

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Currency - Page 48

Black Market Naira To Dollar Rate Falls, USD Cost Rises In Official Market

Dollar Sells At N463 In Official Market, Black Market Traders Buy At N759

Investors, Exporters Buy Dollars At Lower Rate, As Naira Value Rises

Dollar Rate Rises, As Senate Orders CBN To Release $717.47 million

Gap Between Black Market, Official Window Dollar Rates Now N275.33

Nigeria’s Official Foreign Exchange Rate Depreciates, Traders Transact $55.10 million

Black Market Operators Buy Dollar At N738, Pound N920, As Official Market Rate Drops

Traders Pay More For Forex As Dollar Rate Rises In Official, Black Markets

Naira Falls To Dollar, As Exchange Rate Hits N463.02/$1

CBN’s RT200 FX Programme Increases Repatriation Of Non-oil Export Proceeds

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