Currency - Page 52

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.

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

Business·Currency

Dollar Rate Rises As CBN Finds It Difficult To Supply Forex

The naira couldn’t hold its ground against the dollar on Friday, 13 January 2023, depreciating in value by 0.16 per cent, data from the FMDQ Exchange has shown. According to the data

Fakoyejo Olalekan

2 years ago

Naira Falls By 69% YoY To N1,535 Per Dollar At Official Market

Business·Currency

Dollar Rate Falls In Official Market, Oil Marketer Blames Forex For Fuel Scarcity

The naira rose in value in the Investors’ and Exporters’ window of the official market on Thursday, January 12, 2023, as the dollar fell by -0.16 per cent in value. At the

Fakoyejo Olalekan

2 years ago

Business·Currency

Black Market Operators Offer To Buy Dollar Above CBN’s Official Market Rate

The Bureau De Change operators retained the exchange rate between the naira and the dollar in the black market at N288 above that of the official market. According to some Bureau De

Fakoyejo Olalekan

2 years ago

Forex Market Turnover Rises By 42.69% To $14.39bn

Business·Currency

Forex Supply Falls In Official Market, As Dollar Trades At N461.67, Pound Rises

The supply of foreign exchange (forex) fell by 40.3 per cent in the official market on Monday, as the exchange rate stabilises in the window backed by the Central Bank of Nigeria

Fakoyejo Olalekan

2 years ago

Currency·Finance & Economy

Naira Reissue Has No Monetary Policy Significance, Old Notes Deadline Unrealistic – Expert

The redesign of the New Naira Notes by the Central Bank of Nigeria (CBN) has continued to generate mixed reactions among economic experts. Chief Executive Officer, Centre for Promotion of Private Enterprise

Victor Ezeja

2 years ago

Business·Currency

BDC Operators Fix Dollar Rate Below N800, Set N900 For Pound

The exchange rate between the naira and the dollar settled below N800 on Monday in the Bureau De Change window of the black market. According to some Bureau De Change operators that

Fakoyejo Olalekan

2 years ago

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

Business·Currency

Dollar Goes For N605 In Black Market, Pound Sells Above N800

The exchange rate between the dollar and naira varies across several Bureau De Change operators on Friday, January 6, 2023, Prime Business Africa gathered. On Friday, this publication noted that the United

Fakoyejo Olalekan

2 years ago

Currency

NFIU Bans Cash Withdrawal From Govt Accounts

The Nigerian Financial Intelligence Unit (NFIU) has banned cash withdrawals from accounts belonging to the Federal Government, all its agencies, states and local governments. The agency also announced new guidelines for compliance

Victor Ezeja

2 years ago

Business·Currency

Official Market Traders Increase Dollar Rate, As Supply Falls

The cost of buying the United States dollar (USD) increased on Wednesday in the official market, indicating demand remains higher than supply. In the investors and exporters window of the official market,

Fakoyejo Olalekan

2 years ago

Naira Records First Major Depreciation At Official Market In 2025

Business·Currency

Naira Gains In Official Market As Dollar Rate Falls Ahead Of CBN Deadline

The naira appreciated in the official market on Tuesday, December 3, 2023, as the Central Bank of Nigeria (CBN) backed foreign exchange channel resumed for forex trading. After trading hours, the dollar exchanged

Fakoyejo Olalekan

2 years ago

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Currency - Page 52

Dollar Rate Rises As CBN Finds It Difficult To Supply Forex

Dollar Rate Falls In Official Market, Oil Marketer Blames Forex For Fuel Scarcity

Black Market Operators Offer To Buy Dollar Above CBN’s Official Market Rate

Forex Supply Falls In Official Market, As Dollar Trades At N461.67, Pound Rises

Naira Reissue Has No Monetary Policy Significance, Old Notes Deadline Unrealistic – Expert

BDC Operators Fix Dollar Rate Below N800, Set N900 For Pound

Dollar Goes For N605 In Black Market, Pound Sells Above N800

NFIU Bans Cash Withdrawal From Govt Accounts

Official Market Traders Increase Dollar Rate, As Supply Falls

Naira Gains In Official Market As Dollar Rate Falls Ahead Of CBN Deadline

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