Finance & Economy - Page 174

Naira Records First Major Depreciation At Official Market In 2025

Dollar To Naira Rate Hits N461.50kobo In Official Market, Drops In Black Market

The United States Dollar appreciated against the Nigerian currency, Naira, on Monday, 27 March 2023, as the exchange rate closed at N461.50 kobo in the official market. Both currencies had exchanged for

Fakoyejo Olalekan

March 28, 2023

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

Business·Currency

Dollar Sells At N461.67 Amid Various CBN Policies To Combat Forex Scarcity

The value of foreign exchange (Forex or FX) transacted in the Investors’ and Exporters’ window of the official market fell on Thursday, 23 March 2023. Prime Business Africa learnt from data obtained

Fakoyejo Olalekan

March 24, 2023

Business·Oil & Gas

Seplat Board Directors Take Legal Action Against Co-founder, Orjiako

Seplat Energy has terminated a consultancy agreement with the firm’s co-founder, A.B.C Orjiako, accusing him of putting the company at risk of liability. In a statement released on Thursday, 23 March 2023, Seplat

Fakoyejo Olalekan

March 23, 2023

Business·Currency

Naira Regains Some Value Lost To Dollar, Forex Traders Raise Transaction Volume

On Wednesday, 22 March 2023, the Naira regained some value lost to the United States Dollar (USD), after appreciating by –0.10 per cent in the official market. This means the cost of

Fakoyejo Olalekan

March 23, 2023

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

Business·Currency

Naira Falls To Dollar, As CBN’s 18% MPR Set To Affect Imported Goods

FMDQ Exchange, the official foreign exchange (Forex) rate tracker, has revealed that the Dollar rate in the widow backed by the Central Bank of Nigeria (CBN) closed at N462/$1 on Tuesday, 21 March

Fakoyejo Olalekan

March 22, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Dollar Rate Falls, Investors, Exporters Trade $125.66m Foreign Exchange

In the official market, the Dollar rate depreciated by N0.33 kobo, indicating the Naira’s value in the Investors and Exporters window appreciated by 7.15 per cent. The Naira gained against the Dollar

Fakoyejo Olalekan

March 21, 2023

Business·Oil & Gas

NNPC Appoints Frenchman To Head Its Trading Subsidiary In Nigeria

The Nigerian National Petroleum Company Limited (NNPC) Limited has appointed a former Vice President of the Abu Dhabi National Oil Company, Jean-Marc Cordier, to head NNPC Trading Ltd. In a statement released

Fakoyejo Olalekan

March 21, 2023

Nigeria’s Minimum Wage Now N19,355 – World Bank Says, Reveals Factors Hindering Growth

Finance & Economy·News·Top Stories

At $68, Nigeria’s Minimum Wage Ranks Lowest In Global Survey

At a paltry $68, Nigeria’s minimum wage – which measures the baseline income level for workers in a given jurisdiction – remains the lowest, according to a global survey. Ideally, minimum wage

Uduegbunam Chukwujama

March 20, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira Closes High, As Dollar Rate Depreciates

The official exchange rate between the Naira and the Dollar closed down at N461.83 kobo/$1, data obtained from FMDQ Exchange on Monday disclosed. Prime Business Africa gathered that the foreign exchange rate

Fakoyejo Olalekan

March 20, 2023

Business·Oil & Gas

Fear Of Price Hike Forces NNPC To Increase Supply To Oil Marketers

In order to avert a hike in the price of Premium Motor Spirit (PMS), known as fuel, Nigerian National Petroleum Company (NNPC) Limited has increased the supply level to oil marketers. This

Fakoyejo Olalekan

March 20, 2023

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Finance & Economy - Page 174

Dollar To Naira Rate Hits N461.50kobo In Official Market, Drops In Black Market

Dollar Sells At N461.67 Amid Various CBN Policies To Combat Forex Scarcity

Seplat Board Directors Take Legal Action Against Co-founder, Orjiako

Naira Regains Some Value Lost To Dollar, Forex Traders Raise Transaction Volume

Naira Falls To Dollar, As CBN’s 18% MPR Set To Affect Imported Goods

Dollar Rate Falls, Investors, Exporters Trade $125.66m Foreign Exchange

NNPC Appoints Frenchman To Head Its Trading Subsidiary In Nigeria

At $68, Nigeria’s Minimum Wage Ranks Lowest In Global Survey

Naira Closes High, As Dollar Rate Depreciates

Fear Of Price Hike Forces NNPC To Increase Supply To Oil Marketers

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