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![Today's Naira Rate[18-09-2024]: Naira Gains to N1,539.65 as Dollar Supply Surges, Boosting FX Market](/data/attachments/208/208398-6b420ca64d95293fadcf9548ce69b3bb.jpg?hash=PERHMQHP25)
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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Nigeria NDIC Reveals BVN Discrepancies Delaying Heritage Bank Customer PayoutsIt's information is clear and prompt.
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Nigeria CBN’s 27.25% Interest Rate Hike: How It Affects Inflation, SMEs, and the Naira
Nigeria's recent interest rate hike to 27.25% aims to curb inflation and stabilize the naira but poses challenges for businesses. The increased borrowing costs could reduce expansion and raise unemployment. Meanwhile, FX inflows may rise, stabilizing the naira, and savers benefit from higher...
Africa's wealthiest individual, Aliko Dangote, had set his sights on merging his conglomerate's sugar, salt, and rice businesses into a single entity, aiming to enhance operational efficiency and market consolidation. However, this grand plan has hit a roadblock, casting uncertainty over the...
![Today's Naira Rate [19-04-2024]: Naira Stands Strong at N1,060/$ in Black Market Despite US Economic Uncertainty](/data/attachments/203/203051-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate [19-04-2024]: Naira Stands Strong at N1,060/$ in Black Market Despite US Economic Uncertainty
Despite a fluctuating economic landscape, the Nigerian naira exhibited resilience against the US dollar in the black market, maintaining its value while experiencing a slight decline in the official market. Late Thursday, the naira strengthened to N1,060 per dollar in the parallel market...
Nigeria
Nigeria Customs Service Adjusts FX Rate for Import Duties to N1,147/$, Reflecting 7.3% Decrease
Amidst efforts to stabilize the Nigerian economy, the Nigeria Customs Service (NCS) has made a significant adjustment in the foreign exchange (FX) rate for duties, setting it at N1,147.02 per dollar.
This marks a notable decrease of 7.3 percent compared to the previous rate of N1,238.1/$...
Nigeria
Palliative Loan Programme: Here's How to Apply for Nigeria's Federal Government Funding Programs for Nano Businesses
The Federal Government of Nigeria, under the auspices of the Federal Ministry of Industry, Trade, and Investment, is introducing two initiatives aimed at mitigating the impact of the fuel subsidy removal: the Presidential Conditional Grant Programme and the Presidential Palliative Loan...
As Africa's economic landscape undergoes a significant shift, Nigeria, once the continent's largest economy, is poised to slip to fourth place this year, according to projections from the International Monetary Fund (IMF). In a surprising turn, Egypt, which briefly held the top position in 2023...
Oil prices surged by nearly 4 percent following reports of Israel launching missile attacks on targets in Iran. International media outlets reported explosions in Isfahan province, central Iran, heightening tensions in the region.
Israel's actions were seen as a response to missile and drone...
The management of Landmark Beach Resort has come forward with a significant revelation regarding the original route designated for the Lagos-Calabar Coastal Highway.
According to Ms. Elsie Ogianyo, the Brand and Corporate Communications head at Landmark Africa, the 1.5km stretch through the...
The Association of Bureau De Change Operators of Nigeria (ABCON) has revealed that BDC operators are now purchasing dollars at the rate of N980 to a dollar, marking a significant appreciation of the naira. This revelation was disclosed by the President of ABCON, Aminu Gwadebe, during a recent...
In a bid to address growing concerns over Nigeria's foreign reserves and the performance of the Naira, Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), offered insights during the ongoing Spring Meetings of the International Monetary Fund (IMF) and the World Bank.
Cardoso...
![Today's Naira Rate [17-04-2024]: Concerns Rise as Dollar Picks Up Again Against Naira, Now at N1147](/data/attachments/202/202932-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate [17-04-2024]: Concerns Rise as Dollar Picks Up Again Against Naira, Now at N1147
The current Naira-Dollar exchange rate has sparked mixed reactions among Nigerians. Some express surprise at the apparent stability, while others recall past fluctuations. Amidst the discussion, there's speculation about recent trends, with comments on both upward and downward movements...
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