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![Today's Naira Rate [31-01-2025]: CBN Interventions Boost Naira as Exchange Rate Improves to N1,493/$](/data/attachments/212/212954-58e780ec025feefde8bfa331a3d70815.jpg?hash=PERHMQHP25)
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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![Today's Naira Rate [31-05-2024]: Naira Steadies at N1,490/$ in Parallel Market, Slips Further to N1,486/$ at Official Window](/data/attachments/204/204507-bd899ca0c24b3b3c73ca8044710ce26b.jpg?hash=vYmcoMJLOz)
Nigeria
Today's Naira Rate [31-05-2024]: Naira Steadies at N1,490/$ in Parallel Market, Slips Further to N1,486/$ at Official Window
Nigeria's naira remained flat in the parallel forex market but depreciated slightly at the official window, highlighting the currency's volatility amid economic pressures. Experts weigh policy options to address the forex crunch.
The Nigerian naira exhibited contrasting trajectories in recent...
The Nigeria Customs Service adjusts import duty FX rate to N1,474.69 per dollar, marking a 23.2% increase from the previous rate. This change, reflected on the government's trade portal, aligns with customs' practice.
The Nigeria Customs Service (NCS) has increased the foreign exchange (FX)...
Nigeria
Temporary Relief for Helicopter Operators as FG Suspends Landing Levies Following Stakeholders Concerns
The Nigerian government has temporarily suspended helicopter landing levies after industry pushback. Aviation Minister Festus Keyamo announced the suspension and formed a committee to review stakeholders' concerns
The federal government of Nigeria has temporarily suspended the collection of...
![Today's Naira Rate [30-05-2024]: Naira Weakens as Dollar Rate Hits N1475 in Black Market](/data/attachments/204/204472-bd899ca0c24b3b3c73ca8044710ce26b.jpg?hash=vYmcoMJLOz)
Nigerian Naira's latest exchange rates against the US Dollar at the black market (Aboki FX) on May 30th. Explore the buying and selling rates, revealing disparities compared to the official CBN rates. Stay informed about forex market trends and the impact on currency exchange in Nigeria.
On May...
Nigerian tax reform committee proposes a fixed N800 per dollar rate for customs import duties, sparking concerns over potential economic disruptions and higher costs for businesses and consumers.
The presidential committee on fiscal policy and tax reforms has sent shockwaves through Nigeria's...
Nigeria
Economic Woes Force Huggies Maker Kimberly-Clark to Shut Down in Nigeria, Posing Threat to Local Jobs
Kimberly-Clark, renowned for Huggies diapers, to cease Nigerian production despite $100 million investment, citing economic challenges. Closure reflects broader trend of multinationals divesting due to high costs and market pressures. Impact on consumers and economy as diaper industry faces...
![Today's Naira Rate [29-05-2024]:Nigerian Naira Reverses Course, Dives to N1,329.65/$1 Despite Recent Surge](/data/attachments/204/204434-6e202405f2f497d63440ce71bc64dc98.jpg?hash=biAkBfL0l9)
Nigeria
Today's Naira Rate [29-05-2024]:Nigerian Naira Reverses Course, Dives to N1,329.65/$1 Despite Recent Surge
The Nigerian Naira faced a sharp decline, falling to N1,329.65 against the US Dollar despite recent gains and CBN interventions. The abrupt reversal raises concerns about currency stability and prompts questions about the effectiveness of central bank measures. Market observers remain vigilant...
President Bola Tinubu's first year was marked by bold economic reforms, including fuel subsidy removal and currency devaluation, leading to spiraling inflation of 33.7%, a petrol price increase of 176% to N701 per liter, and hardship for Nigerians amid declining oil production and foreign...
![Today's Naira Rate [28-05-2024]:Naira Hits One-Month High at N1,173.88 as CBN Sells $300 Million to Banks](/data/attachments/204/204393-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate [28-05-2024]:Naira Hits One-Month High at N1,173.88 as CBN Sells $300 Million to Banks
The U.S. dollar experienced a significant decline, reaching N1,173.88 on Tuesday after the Central Bank of Nigeria sold over $300 million to commercial banks. This intervention led to a one-month high for the naira, reflecting dynamic market movements and economic factors influencing Nigeria's...
Reckitt Benckiser commits to expanding its investments in Nigeria, reaffirming its 60-year presence. President Bola Tinubu praised their continued dedication, emphasizing economic reforms aimed at enhancing business conditions. CEO Kris Licht and Chairman Chief Olu Falomo expressed strong...
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