dollar scarcity
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![Today's Naira Rate [04-05-2024]:Naira Holds Steady at 1,380 Against Dollar Amid Currency Market Turmoil](/data/attachments/203/203601-8457c57119a478bc5717b11aa4a694ef.jpg)
Nigeria Today's Naira Rate [04-05-2024]:Naira Holds Steady at 1,380 Against Dollar Amid Currency Market Turmoil
Amidst mounting demand and scarcity, the naira holds firm at N1380/$1 in Nigeria's parallel market. Traders report high demand driven by individuals and importers, maintaining a flat rate amidst fluctuating currency values. Concerns rise over the impact of dollar shortages on the country's... -
Nigeria Dollar Drought Forces Abuja BDCs to Suspend Business Indefinitely – Chairman Cites Digital Currency Influence
The Bureau de Change (BDC) operators in Abuja have declared the indefinite closure of their business premises starting from Thursday, February 1, 2024. The announcement, made by the Association's Chairman, Abdulahi Dauran, cites the scarcity of dollars as the primary reason for this decision... -
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Business Naira Falls Against 2 Major Currencies As Dollar Scarcity Worsens
The Naira on Friday fell against two major currencies at the parallel market as dollar scarcity worsened ahead of the festive season. The Nigerian currency exchanged at N487 to a dollar, from N485 it had maintained for close to two weeks. It also fell to N510 to the dollar while appreciated to...- ProfRem
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Business Innoson Motors Shut Down Production Over Dollar Scarcity
A major Vehicle assembly plant in Nigeria, the Innoson Vehicle Manufacturing (IVM) is shutting production due to the harsh economy and a lack of foreign exchange. Innoson chairman Innocent Chukwuma said workers have already been sent home because of a lack of parts from Japan, China and...- LequteMan
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