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Business Debt servicing gulps N8.94tr in 9 months as deficit widens - The Sun
https://thesun.ng/debt-servicing-gulps-n8-94tr-in-9-months-as-deficit-widens/?amp- Kayode Israel
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- central bank of nigeria naija news president bola ahmed tinubu the sun news tileriwa adebayo
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![Today's Naira Rate [31-12-2024]: Naira Sees Improvement as Parallel Market Rate Drops to N1,650](/data/attachments/211/211938-c67b02c939f9c8481152d37dbd74bdcd.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [31-12-2024]: Naira Sees Improvement as Parallel Market Rate Drops to N1,650
The Nigerian Naira appreciated to N1,650 per dollar in the parallel market on December 31, 2024, from N1,655 the previous day. In the official market, the currency strengthened to N1,535 per dollar. The Central Bank of Nigeria plans policy changes to reduce the gap between the parallel and...- Nigeria News
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- central bank of nigeria naira appreciation naira to dollar exchange rate nigerian currency parallel market exchange rate
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![Today's Naira Rate [25-12-2024]: Naira’s Depreciation Continues as Parallel Market Hits N1,650/$](/data/attachments/211/211746-fc88bc2cf08b62eccef5f97dcdd14191.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [25-12-2024]: Naira’s Depreciation Continues as Parallel Market Hits N1,650/$
The Naira has depreciated to N1,650 per US dollar in the parallel market, continuing its downward trend. While the official market shows a slight improvement to N1,537 per dollar, the gap between the two markets widens, posing challenges for Nigeria's currency stability as analysts forecast...- Nigeria News
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- central bank of nigeria forex market stability naira depreciation nigeria exchange rate parallel market
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![Today's Naira Rate [12-12-2024]: Naira Slips to N1,720/$ as FX Rate Gap Widens by N175](/data/attachments/211/211289-4523aaaef2728cb1682e6b0e5d6eacb3.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [12-12-2024]: Naira Slips to N1,720/$ as FX Rate Gap Widens by N175
The naira depreciated to N1,720 per dollar in the parallel FX market on December 11, 2024, widening the gap between official and parallel rates to N175. This marks a continuation of the naira's decline, which has affected both markets amid economic uncertainty in Nigeria. The naira has continued...- Nigeria News
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- central bank of nigeria fx market gap naira depreciation parallel market
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Business Nigeria’s money supply rises 48% to N107.7trn - Vanguard News
https://www.vanguardngr.com/2024/12/nigerias-money-supply-rises-48-to-n107-7trn/- Kayode Israel
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Nigeria Naira Climbs to N1,535: Black Market Operators Forecast Further Gains to N1,200
The Naira has increased to N1,535 in the official market and N1,555 in the black market, driven by the Central Bank of Nigeria's new Electronic Foreign Exchange Matching System (EFEMS). Black market operators predict further gains, with projections reaching N1,200 for the Naira by next week...- Nigeria News
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- black market exchange rate central bank of nigeria efems forex system naira appreciation usd to naira exchange rate
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![Today's Naira Rate [09-12-2024]: Naira Hits N1,550/$ in Parallel Market, Official Rate Experiences Minor Drop](/data/attachments/211/211197-6f69f06e74344fc092be918cd69a3c80.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [09-12-2024]: Naira Hits N1,550/$ in Parallel Market, Official Rate Experiences Minor Drop
The Naira appreciated in the parallel market, trading at N1,550 per dollar, gaining N5 from last weekend. However, the official market saw a slight depreciation of N1,538. The exchange rate gap between the two markets narrowed to N12, reflecting ongoing stabilization efforts by the Central Bank...- Nigeria News
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- central bank of nigeria exchange rate naira appreciation parallel market
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Business Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 4th December 2024 - NaijaNews
https://www.naijanews.com/2024/12/04/black-market-dollar-usd-to-naira-ngn-exchange-rate-today-4th-december-2024/- Kayode Israel
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- central bank of nigeria exchange rate naija news naijanews news olayemi cardoso
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Business CBN to retire 1,000, offers N50bn payoff - Daily Trust
https://dailytrust.com/cbn-to-retire-1000-offers-n50bn-payoff/- Kayode Israel
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Business CBN overhauls FX Market Rules, issues new guidelines with wide ranging implications - Nairametrics
https://nairametrics.com/2024/12/01/cbn-overhauls-fx-market-rules-issues-new-guidelines-with-wide-ranging-implications/- Kayode Israel
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- central bank of nigeria naija news nairametrics news olayemi cardoso
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Business 29 banks fined N15bn for anti-money laundering, counter-terrorism violations - Businessday
https://businessday.ng/banking-finance/article/29-banks-fined-n15bn-for-anti-money-laundering-counter-terrorism-violations/- Kayode Israel
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- anti-money laundering businessday news central bank of nigeria olayemi cardoso
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Nigeria MPC Expected to Raise Interest Rates Again to Combat Inflation and Fiscal Issues
The Central Bank of Nigeria's Monetary Policy Committee (MPC) is expected to raise interest rates again at its final meeting of 2024, addressing rising inflation and fiscal pressures. Analysts predict a 25-50bps increase, aiming to stabilize prices, manage money supply growth, and attract...- Nigeria News
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- central bank of nigeria inflation in nigeria interest rate hike monetary policy mpc meeting
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Nigeria MultiChoice Faces Financial Setback as $21 Million Is Forfeited Due to Heritage Bank’s Collapse
MultiChoice forfeited a $21 million deposit with Heritage Bank after the bank's liquidation in 2024. The loss is part of the company's financial challenges in Nigeria, including a drop in cash remittances and subscriber losses, worsened by inflation and naira devaluation. MultiChoice Group has...- Nigeria News
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- $21 million loss central bank of nigeria heritage bank multichoice multichoice group naira devaluation
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Business FX amnesty scheme: Banks can trade with deposited foreign currencies, says CBN - The Cable
https://www.thecable.ng/fx-amnesty-scheme-banks-can-trade-with-deposited-foreign-currencies-says-cbn/- Kayode Israel
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- adetona adedeji central bank of nigeria john sonojah naija news nigeria news the cable news
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Nigeria Emefiele Trial: Witness Claims He Was Advised to Avoid Record-Keeping for $3 Million Cash
A key witness in the trial of former Central Bank of Nigeria governor Godwin Emefiele testified that Emefiele instructed him not to keep records of over $3 million cash collected on his behalf. The revelations highlight serious allegations of money laundering and raise concerns about...- Nigeria News
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- central bank of nigeria efcc trial godwin emefiele money laundering
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Nigeria Nigerian Lawmakers Push for Swift Withdrawal of Old Naira Notes
The Nigerian House of Representatives has urged the Central Bank to withdraw old Naira notes and enhance the circulation of new N200, N500, and N1000 notes. Lawmakers emphasized the need for public awareness ahead of the December 31, 2024 deadline, reflecting on past currency redesign...- Nigeria News
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- central bank of nigeria currency withdrawal naira notes nigerian lawmakers
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Nigeria Emefiele's Trial: Former CBN Acting Governor Exposes Naira Redesign Politics
Folashodun Shonubi, former acting governor of the Central Bank of Nigeria, testified in court revealing political influences behind the 2022 naira redesign. He disclosed discrepancies between the approved and actual currency notes, as former CBN Governor Godwin Emefiele faces charges from the...- Nigeria News
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- central bank of nigeria emefiele naira redesign
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![Today's Naira Rate[27-09-2024]: Parallel Market Rate Reaches N1,700—What This Means for Nigeria](/data/attachments/208/208726-4783f128adc190a22844bc3d66f36e78.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[27-09-2024]: Parallel Market Rate Reaches N1,700—What This Means for Nigeria
The Nigerian naira has depreciated to N1,700 per dollar in the parallel market, marking the lowest rate in seven months. Despite a temporary rise in the official market, the naira continues to face fluctuations. The Central Bank of Nigeria is implementing reforms to stabilize the currency. On...- Nigeria News
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- central bank of nigeria foreign exchange rates parallel market
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Nigeria Nigeria’s External Reserves Surge to $37.31 Billion, Highest in 22 Months
Nigeria's external reserves reached a 22-month high of $37.31 billion in September 2024, fueled by foreign investments, government bonds, and remittances. Despite the boost in reserves, the naira remains weak. Key inflows include AfreximBank loans, World Bank support, and rising foreign...- Nigeria News
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- central bank of nigeria foreign investments nigeria naira currency performance nigeria external reserves
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![Today's Naira Rate[03-09-2024]: Naira Faces Pressure as Black Market Dollar Rate Climbs to N1,635](/data/attachments/207/207915-ea497993bb234d0daa3e0be495e1a2ca.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[03-09-2024]: Naira Faces Pressure as Black Market Dollar Rate Climbs to N1,635
As of September 3, 2024, the black market exchange rate for the US dollar to Nigerian naira reached N1,635. This rate reflects a significant disparity with the Central Bank's official rate of N1,590.42, highlighting ongoing economic challenges and currency volatility in Nigeria's foreign...- Nigeria News
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- black market exchange rate central bank of nigeria dollar to naira rate nigeria currency volatility
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