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![Today's Naira Rate [07-06-2024]: Nigerian Naira Slips Closer to N1500/$ Amid Dollar's Resurgence](/data/attachments/204/204787-2f7bda2fdd5d28ed97c990c5e2d52d50.jpg?hash=L3vaL91dKO)
Nigeria Today's Naira Rate [07-06-2024]: Nigerian Naira Slips Closer to N1500/$ Amid Dollar's Resurgence
The Nigerian Naira faces downward pressure against the US dollar, nearing the critical threshold of N1500/$ as the dollar index surges by 80 basis points. As the trading week came to a close, the Nigerian Naira witnessed a notable decline against the US dollar, reaching N1495/$ in the parallel...- Nigeria News
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- 1 min read
- black market currency dollar exchange rate forex naira nigeria
- Category: Business
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Nigeria Currency Crisis: Nigeria's Naira Plummets, Emerges as World's Worst-Performing Currency
Discover why Nigeria's naira has become the world's worst-performing currency, plunging to its weakest level in weeks. Amid rising pressure on the central bank to boost interest rates, the naira's decline underscores market volatility and underscores the challenges of managing forex controls in...- Nigeria News
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- 1 min read
- central bank currency forex controls interest rates nigeria naira
- Category: Business
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Business Naira Watch: Tracking Nigeria's Currency [Day 10]
Nigerian Naira, Friday fell against the dollar, trading at 282.13 to a US dollar, ten official business day after the Central Bank of Nigeria removed peg on the country's currency rate. The new foreign exchange policy received a million foreign investment boost as the Central Bank of Nigeria...- ProfRem
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- currency exchange rate flexible rate naira naira watch
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- Forum: Business News Links
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Business Nigerian Naira May Trade At N350 To Dollar
The Nigerian currency is expected to trade around 350 Naira to the dollar in the coming days as uncertainty over the implementation of the Central Bank of Nigeria’s planned new flexible exchange rate policy persists. A meeting between the CBN Governor and local currency traders over the policy...- ProfRem
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- central bank of nigeria currency naira nigerian naira
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- Forum: Business News Links
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Business Exchange Rate Of The Naira Against Some African Countries' Currencies
The Nigerian Naira might not be doing well at the moment, but some African countries are having it worse compared to it. Here is the exchange rate as at 21/3/2016 of some selected African countries' currencies against the Naira 1 Naira = 0.8 Angolan Kwanza 1 Naira = 0.0056 Botswana Pula 1...- mrsam
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- africa currency pound rand shilling
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World South Africa's Economy in Crisis – Finance Minister
The South African finance minister, Pravin Gordhan, earlier today, said the country's economy is 'in crisis'. The comments came ahead of his Budget speech, in which he cut the country's growth forecast for 2016 to 0.9%, down from 1.7%. He conceded the economy is struggling with shrinking...- ProfRem
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- currency economy finance minister pravin gordhan south africa south africa in crisis
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- Forum: World News Links
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Politics Buhari is Repeating Economic Error He Made As Dictator 30 Years Ago [The Economist]
The Economist has warned that Nigeria’s president, Muhammadu Buhari is making an economic blunder by refusing to devalue Nigeria’s currency, the naira. The news magazine said “Instead of letting the naira depreciate to reflect the country’s loss of purchasing power, Mr Buhari’s government is...- ProfRem
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- currency economy mohammadu buhari the economist
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- Forum: Political News Links
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Business Naira Drops to 251 Per Dollar, External Reserves at $29.7bn
The Naira crashed further against the dollar from 247 last Thursday to 251 on Saturday at the parallel market. This came barely one week after the Central Bank of Nigeria cut foreign exchange supply to Bureau De Change operators. The central bank had during its weekly forex sale to the BDCs...- ProfRem
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- africa cbn currency dollar economy exchange rate
- Replies: 3
- Forum: Business News Links
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Business AGAIN: Naira depreciates against dollar
After making a rebound on Monday at the parallel market, the Naira has crashed against the dollar on Wednesday again. The currency lost N1 to the dollar at it exchange for N225 against N224 the previous exchange rate and N350 and N256 against the Pounds and Euro, respectively. According to...- ProfRem
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- currency dollar naira pounds
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- Forum: Business News Links
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