exchange rate

  1. K

    Business Naira gains N61.38 against dollar at official market, weakens at parallel market - Vanguard News

    https://www.vanguardngr.com/2024/05/naira-gains-n61-38-against-dollar-at-official-market-weakens-at-parallel-market/
  2. Businesses Brace for Impact as Nigerian Customs Raises Import Duty Exchange Rate to N1,441/$

    Nigeria Businesses Brace for Impact as Nigerian Customs Raises Import Duty Exchange Rate to N1,441/$

    Nigerian Customs recently upped the import duty exchange rate to N1,441/$1, marking a significant hike from the previous rate. This shift has sent shockwaves through businesses, prompting concerns about increased costs and potential economic repercussions. The Nigerian Customs Service has...
    • Wakanda
    • Article
    • 2 min read
    • central bank of nigeria exchange rate import duties inflation nigerian customs
    • Category: Business
  3. K

    Business Naira slumps against Dollar at foreign exchange market - Daily Post

    https://dailypost.ng/2024/05/03/naira-slumps-against-dollar-at-foreign-exchange-market/
  4. Today's Naira Rate [27-04-2024]: Nigeria's Naira Bounces Back Strong, Hits 1,280 Against Dollar

    Nigeria Today's Naira Rate [27-04-2024]: Nigeria's Naira Bounces Back Strong, Hits 1,280 Against Dollar

    The Nigerian Naira experienced a significant rebound in the parallel market, appreciating to 1,280 Naira per US dollar. This unexpected surge marked a notable recovery for the currency, which had faced recent depreciation challenges. The rebound comes amidst ongoing fluctuations in the foreign...
    • Wakanda
    • Article
    • 1 min read
    • exchange rate naira parallel market
    • Category: Business
  5. Today's Naira Rate [26-04-2024]: Naira Falls to N1,430 Against Dollar as Speculators Drive Exchange Rates

    Nigeria Today's Naira Rate [26-04-2024]: Naira Falls to N1,430 Against Dollar as Speculators Drive Exchange Rates

    Amidst the ongoing economic turbulence in Nigeria, the value of the national currency, the naira, has continued its downward trajectory across both official and unofficial foreign exchange markets. Speculators are capitalizing on the situation, leading to a surge in demand for the US dollar...
    • Wakanda
    • Article
    • 1 min read
    • exchange rate naira dollar
    • Category: Business
  6. K

    Business Naira slumps seventh times against Dollar in days at Foreign Market - Daily Post

    https://dailypost.ng/2024/04/26/naira-slumps-seventh-times-against-dollar-in-days-at-foreign-market/
  7. Naira Loses Ground: Exchange Rate Dips to N1,300.15 Against US Dollar

    Nigeria Naira Loses Ground: Exchange Rate Dips to N1,300.15 Against US Dollar

    Amidst ongoing economic uncertainties, the Nigerian Naira witnessed another downturn on Tuesday, depreciating at the official market to trade at N1,300.15 against the US dollar. Data sourced from the official trading platform of the FMDQ Exchange, responsible for overseeing the Nigerian...
    • Wakanda
    • Article
    • 1 min read
    • exchange rate foreign exchange market nigerian naira official market parallel market
    • Category: Business
  8. K

    Business Naira depreciates to N1,300/$ in official market - Vanguard News

    https://www.vanguardngr.com/2024/04/naira-depreciates-to-n1300-in-official-market/
  9. K

    Business Naira depreciates to N1,234/$ at official market - Linda Ikeji’s Blog

    https://www.lindaikejisblog.com/2024/4/naira-depreciates-to-n1234-at-official-market-2.html
  10. Today's Naira Rate [22-04-2024]: Naira Slumps Further, Trades at N1,260/$ at Parallel Market

    Nigeria Today's Naira Rate [22-04-2024]: Naira Slumps Further, Trades at N1,260/$ at Parallel Market

    The Nigerian Naira faced further devaluation on Wednesday, reaching a record low of N1,260 against the US dollar in the parallel foreign exchange market. This marks a significant 2.44 percent decline from the N1,230 exchange rate recorded just days prior on April 19. At the official window...
    • Wakanda
    • Article
    • 1 min read
    • exchange rate forex market nigerian naira parallel market
    • Category: Business
  11. Today's Naira Rate [21-04-2024]: Fluctuating Naira Sparks Worries Among Nigerians as Exchange Rate Hits ₦1,200/$

    Nigeria Today's Naira Rate [21-04-2024]: Fluctuating Naira Sparks Worries Among Nigerians as Exchange Rate Hits ₦1,200/$

    The Nigerian currency, the Naira, appears to be facing another depreciation period, as observed by some social media users. Concerns about the stability of the currency are expressed, with one user noting a decrease and another lamenting the continual rise. One user highlights a sense of...
    • Wakanda
    • Article
    • 1 min read
    • cbn exchange rate forex market naira depreciation todays exchange rate
    • Category: Business
  12. Naira Appreciation, Price Hikes: Analysts Decode Disconnect Between Exchange Rates and Consumer Costs

    Nigeria Naira Appreciation, Price Hikes: Analysts Decode Disconnect Between Exchange Rates and Consumer Costs

    Despite the recent surge in the Nigerian Naira against major foreign currencies, prices of goods and services continue to soar, defying expectations of a downward trend. While the Naira gained significant ground against the US Dollar, reaching N1,060 per Dollar compared to a peak of N1,900 in...
    • Wakanda
    • Article
    • 2 min read
    • consumer prices exchange rate inflation economic analysis nigerian naira
    • Category: Business
  13. K

    Business Dollar not selling at N1,000/$1- BDCs debunk viral post - Linda Ikeji’s Blog

    https://www.lindaikejisblog.com/2024/3/dollar-not-selling-at-n10001-bdcs-debunk-viral-post-2.html
  14. Naira Gains: Nigerians Demand Immediate Price Reduction In Goods and Services

    Nigeria Naira Gains: Nigerians Demand Immediate Price Reduction In Goods and Services

    In response to the fluctuating dollar exchange rate, Nigerians are expressing frustration over the reluctance of sellers to immediately reduce prices despite the recent decrease in the value of the dollar. The sentiment stems from the observation that when the dollar surges, sellers swiftly...
    • Wakanda
    • Article
    • 1 min read
    • dollar decrease exchange rate forex market nigerian economy price reduction
    • Category: Business
  15. Nigerians Mock Prophet Odumeje for Claiming Credit for Dollar-Naira Exchange Rate Drop Using 'Abidoshaker' Power

    Nigeria Nigerians Mock Prophet Odumeje for Claiming Credit for Dollar-Naira Exchange Rate Drop Using 'Abidoshaker' Power

    Prophet Chukwuemeka Ohanemere, also known as Odumeje, of the Mountain of Holy Ghost Intervention and Deliverance Ministry, claimed in a video during a church program that the exchange rate of the dollar to the naira decreased because of his 'Abidoshaker' power. This assertion comes as the...
    • Wakanda
    • Article
    • 1 min read
    • abidoshaker power dollar to naira exchange rate nigerians reactions prophet odumeje
    • Category: Metro
  16. CBN Shocks Markets: Raises MPR to Record 24.75%, Businesses and Consumers to Face Higher Loan Costs

    Nigeria CBN Shocks Markets: Raises MPR to Record 24.75%, Businesses and Consumers to Face Higher Loan Costs

    After its 294th meeting, the Central Bank of Nigeria (CBN) has made a bold move by increasing the Monetary Policy Rate (MPR) by 200 basis points to an unprecedented 24.75%. Led by CBN Governor Yemi Cardoso, this decision underscores the bank's unwavering commitment to combating inflationary...
    • Wakanda
    • Article
    • 1 min read
    • cbns new mpr rate central bank of nigeria exchange rate inflation monetary policy rate mpc meeting new interest rate yemi cardoso
    • Category: Business
  17. Moghalu Criticizes Artificial Exchange Rates, Calls for Realistic Economic Policies

    Nigeria Moghalu Criticizes Artificial Exchange Rates, Calls for Realistic Economic Policies

    Former deputy governor of the Central Bank of Nigeria, Kingsley Moghalu, criticized the notion of aiming for a Naira to Dollar exchange rate of N400, stating that such expectations are unrealistic. Moghalu emphasized the importance of the exchange rate reflecting its true market value, rather...
    • Wakanda
    • Article
    • 1 min read
    • central bank of nigeria exchange rate kingsley moghalu naira dollar nigeria
    • Category: Business
  18. K

    Business Naira rises to N1,450/$ in parallel market - Vanguard News

    https://www.vanguardngr.com/2024/03/naira-rises-to-n1450-in-parallel-market/
  19. Nigerians Credit Peter Obi for Customs Import Duty Policy Shift

    Nigeria Nigerians Credit Peter Obi for Customs Import Duty Policy Shift

    In a significant move effective from February 26, 2024, the Central Bank of Nigeria (CBN) has instructed the Nigerian Customs Service (NCS) to base import duty calculations on the foreign exchange (FX) closing rate on the day importers submit 'Form M' for clearing goods. This decision aims to...
    • Wakanda
    • Article
    • 1 min read
    • central bank of nigeria customs duty exchange rate form m import duties nigerian customs service
    • Category: Politics
  20. K

    Business Dollar falls to N1,600 at parallel market - Linda Ikeji’s Blog

    https://www.lindaikejisblog.com/2024/2/dollar-falls-to-n1600-at-parallel-market-2.html

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