Currency - Page 49

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 Records First Major Depreciation At Official Market In 2025

Business·Currency

Investors, Exporters Buy Dollar At N462.25, USD Crunch Affect Forex Supply

Traders in the official market exchanged the Naira for Dollar at N462.25 kobo/$1 at the end of the session on Tuesday, 10 May. Although during trading, investors and exporters exchanged the United

Fakoyejo Olalekan

May 10, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Dollar Remains Strong Against Naira As Dangote Refinery Set To Free Up Forex

The exchange rate between the Naira and the Dollar settled at ₦462.78/$1 on Monday, 8 May, in the official market, which is backed by the Central Bank of Nigeria (CBN). At the

Fakoyejo Olalekan

May 9, 2023

Naira Appreciates Against Dollar At Official, Black Market

Business·Currency

Naira To Dollar Rate Closes At N462.23, Foreign Exchange Supply Up By $19.86 million

The Naira and Dollar exchange rate settled at ₦462.23 kobo/$1 at the close of business in the official market on Friday, 5 May 2023. This represents a 0.14 per cent increase in

Fakoyejo Olalekan

May 8, 2023

Business·Currency

Dollar Weakens As Tinubu Eyes New Exchange Rate For Traders, Investors

The Dollar shed some value to the Naira on Thursday, 4 May, resulting in the Nigerian currency rising by 0.02 per cent, while the cost of the greenback dropped by N0.12 kobo.

Fakoyejo Olalekan

May 5, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar Rate Increases After $1.58 billion Drop In Foreign Reserves

At the end of trading in the foreign exchange (forex) official market on Wednesday, 3 May, the Naira slumped to the Dollar, as the forex rate closed at ₦463/$1. The Naira failed

Fakoyejo Olalekan

May 4, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira Recovery Knocks Down Dollar Rate In Official Market

Dollar rate in official market was down on Tuesday, 2 May 2023, with the Naira recovering from drop reported on Friday, 28 April. Due to the Workers’ Day public holiday on Monday,

Fakoyejo Olalekan

May 3, 2023

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

Business·Currency

Dollar Rate Up 47% Since CBN Banned Forex Sales To Black Market Sellers

The foreign exchange (forex) rate between the Naira and the Dollar has increased by 47 per cent since the Central Bank of Nigeria (CBN) banned the sales of FX to the black

Fakoyejo Olalekan

May 2, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

CBN’s $15.3 billion Intervention Fails To Clip Dollar, Exchange Rate Hit N463

Traders in the Investors’ and Exporters’ window of the official market transacted $71.68 million in foreign exchange on Friday, 28 April, as the Naira to Dollar exchange rate increased by 0.21 per

Fakoyejo Olalekan

May 1, 2023

Business·Currency

Naira To Dollar Exchange Rate Hit N462, MTN, 11 Plc CEOs Lament

The Naira extended its gain against the United States Dollar to the third day of trading in the official market, as the foreign exchange (forex) rate between both currencies closed at ₦462/$1

Fakoyejo Olalekan

April 28, 2023

Business·Currency

Dollar Rate Drops In Official Market, As NGX Bets On Tinubu’s Policies To Attract Foreign Investors

The price of the Dollar in the foreign exchange official market was ₦462.13 on Wednesday, 26 April 2023, data from FMDQ Exchange showed. It was learnt that the exchange rate between the

Fakoyejo Olalekan

April 27, 2023

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Currency - Page 49

Investors, Exporters Buy Dollar At N462.25, USD Crunch Affect Forex Supply

Dollar Remains Strong Against Naira As Dangote Refinery Set To Free Up Forex

Naira To Dollar Rate Closes At N462.23, Foreign Exchange Supply Up By $19.86 million

Dollar Weakens As Tinubu Eyes New Exchange Rate For Traders, Investors

Dollar Rate Increases After $1.58 billion Drop In Foreign Reserves

Naira Recovery Knocks Down Dollar Rate In Official Market

Dollar Rate Up 47% Since CBN Banned Forex Sales To Black Market Sellers

CBN’s $15.3 billion Intervention Fails To Clip Dollar, Exchange Rate Hit N463

Naira To Dollar Exchange Rate Hit N462, MTN, 11 Plc CEOs Lament

Dollar Rate Drops In Official Market, As NGX Bets On Tinubu’s Policies To Attract Foreign Investors

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