Finance & Economy - Page 145

Dollar Rate Drops In CBN-backed Official Channel, Up In Black Market

The dollar rate dropped in the Investors’ and Exporters’ window to N791.42/$1 on Tuesday, 25 July, from N792.04/$1 reported on Monday. According to the FMDQ Exchange, the N0.62 kobo increase in the price

Fakoyejo Olalekan

2 years ago

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira To Dollar Rate Hits N792/$1, Black Market Price Up N23

The naira to dollar rate traded as high as N855/$1 on Monday, and as low as N650/$1 in the Investors’ and Exporters’ window of the official market. However, at the close of

Fakoyejo Olalekan

2 years ago

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

Business·Currency·News

Why Naira Still Under Pressure

Nigerians may be in for a long rugged ride on the Naira exchange rate conundrum if the opinion of economic analyst, Muda Yusuf, is anything go by. While agreeing that the

PBA Reporter

2 years ago

Business·Currency

Dollar Sold As High As N855 In Official Forex Market

The official market dollar rate was up by N9.82 kobo on Friday as FMDQ Exchange reported it ended trading at N777.82/$1. Prime Business Africa had reported that the naira exchanged for the

Fakoyejo Olalekan

2 years ago

Finance & Economy

Subsidy Removal: ‘FG Should Jettison Palliatives, Adopt Sustainable Plan’

Senior Economist with SPM Professionals, Mr Paul Alaje, faulted the Nigerian government’s proposed palliatives through the Conditional Cash Transfer programme, saying it would throw more Nigerians into poverty. To cushion the effect

Victor Ezeja

2 years ago

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Official Dollar Rate Now N768, Black Market USD Rate Hits N859

The foreign exchange aggregator, FMDQ Exchange, disclosed that the official forex market closed trading with N768.16/$1 rate on Thursday, 21 July. A report released on Thursday showed the naira to dollar rate

Fakoyejo Olalekan

2 years ago

Naira To Sustain Depreciation In 2024 - Analysis Reveals

Finance & Economy

FG, States, LGs Share N907.054bn June revenue – FAAC

The Federation Account Allocation Committee (FAAC), has disbursed N907.054 billion to federal government, states, and local government councils from Nigeria’s June revenue. This was made known in a communiqué issued on Thursday

Victor Ezeja

2 years ago

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

Business·Currency

CBN’s Authorised Dealers Sell Dollar At N853

In the Investors’ and Exporters’ window on Wednesday, the official naira to dollar exchange rate closed at N793.70/$1, rising from N742.93/$1. Prime Business Africa learnt that between Tuesday and Wednesday, the United

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Outcry Continues To Trail Fuel Price Hike In Nigeria

The latest hike in price of Premium Motor Spirit (PMS) across the country has continued to draw reactions, as Nigerians grapple with the attendant spike in transport and general cost of living.

Victor Ezeja

2 years ago

Jigawa Residents Spend More On Petrol As Price Rises By 223.21% To N770

Business·Oil & Gas

Crude Oil Costs, Naira Depreciation Fueling PMS Price In Nigeria – Ex-PENGASSAN President

The increase in crude oil prices in the international market and the drop in the value of the naira have been blamed for the latest hike in prices of Premium Motor Spirit

Victor Ezeja

2 years ago

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Finance & Economy - Page 145

Dollar Rate Drops In CBN-backed Official Channel, Up In Black Market

Naira To Dollar Rate Hits N792/$1, Black Market Price Up N23

Why Naira Still Under Pressure

Dollar Sold As High As N855 In Official Forex Market

Subsidy Removal: ‘FG Should Jettison Palliatives, Adopt Sustainable Plan’

Official Dollar Rate Now N768, Black Market USD Rate Hits N859

FG, States, LGs Share N907.054bn June revenue – FAAC

CBN’s Authorised Dealers Sell Dollar At N853

Outcry Continues To Trail Fuel Price Hike In Nigeria

Crude Oil Costs, Naira Depreciation Fueling PMS Price In Nigeria – Ex-PENGASSAN President

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