foreign exchange market
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![Today's Naira Rate [05-05-2024]: Naira Plummets, Exchange Rate Hits N1420 Against Dollar in 24-Hour Crisis](/data/attachments/203/203634-147ab142f8cf48479284e57b3d23fc38.jpg?hash=FHqxQvjPSE)
Nigeria Today's Naira Rate [05-05-2024]: Naira Plummets, Exchange Rate Hits N1420 Against Dollar in 24-Hour Crisis
In a swift currency crisis, Nigeria's Naira nosedives, plummeted by N130 against the US Dollar, reaching an alarming exchange rate of N1420 within 24 hours. Economic concerns surge as high demand drives the depreciation despite Central Bank interventions. The Naira faced a significant...- Nigeria News
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- central bank of nigeria economic instability foreign exchange market naira depreciation us dollar
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![Today's Naira Rate [30-04-2024]: Naira Remains Firm at 1,350 as CBN Implements Measures to Attract FX Inflows](/data/attachments/203/203480-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [30-04-2024]: Naira Remains Firm at 1,350 as CBN Implements Measures to Attract FX Inflows
The Nigerian naira maintained its position at 1,350 against the US dollar on the parallel market, signaling stability amidst recent economic fluctuations. While the official exchange rate at the Nigerian Autonomous Foreign Exchange Market (NAFEM) saw a decline to 1,419.11 per dollar, the Central...- Nigeria News
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- cbn targets foreign exchange market fx inflow naira stability
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![Today's Naira Rate [29-04-2024]: Naira Weakens Further: BDC Operators Face Challenges as Dollar Hits N1,350](/data/attachments/203/203446-6e202405f2f497d63440ce71bc64dc98.jpg?hash=biAkBfL0l9)
Nigeria Today's Naira Rate [29-04-2024]: Naira Weakens Further: BDC Operators Face Challenges as Dollar Hits N1,350
Amidst ongoing economic uncertainties, the Nigerian naira witnessed a further depreciation against the US dollar, reaching N1,350 per dollar at the parallel segment of the foreign exchange (FX) market on Monday. This marked a 2.27 percent decline from the rate of N1,320/$ recorded on April 26...- Nigeria News
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- bdcs bureau de change operators foreign exchange market naira exchange rate nigerian economy
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Nigeria Nigeria Customs Service: Cargo Clearance FX Rate Plunges Below Market Prices
Recent updates from the Nigeria Customs Service (NCS) reveal a surprising development in the foreign exchange market, as the exchange rate for cargo clearance has dropped to N1,164.84/$, falling below both official and parallel market rates. This significant shift, reported by Nairametrics...- Nigeria News
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- cargo clearance foreign exchange market fx rate naira depreciation nigeria customs service official market parallel market
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![Today's Naira Rate [25-04-2024]: Nigerians Express Concern as Naira Weakens to N1,400/$](/data/attachments/203/203287-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [25-04-2024]: Nigerians Express Concern as Naira Weakens to N1,400/$
The Nigerian Naira faced significant depreciation, falling to N1,400 against the US dollar on the black market, fueled by intensified demand pressure in the foreign exchange (FX) market. This represents a 19.64 percent loss in just two weeks compared to the rate of N1,125 per dollar recorded...- Nigeria News
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- central bank of nigeria currency depreciation foreign exchange market nigerian naira todays exchange rate
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Nigeria Naira Loses Ground: Exchange Rate Dips to N1,300.15 Against US Dollar
Amidst ongoing economic uncertainties, the Nigerian Naira witnessed another downturn on Tuesday, depreciating at the official market to trade at N1,300.15 against the US dollar. Data sourced from the official trading platform of the FMDQ Exchange, responsible for overseeing the Nigerian...- Nigeria News
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- exchange rate foreign exchange market nigerian naira official market parallel market
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![Today's Naira Rate [23-04-2024]: Naira Appreciates to N1,250/$ Following CBN's Strategic Dollar Injection](/data/attachments/203/203190-6e202405f2f497d63440ce71bc64dc98.jpg?hash=biAkBfL0l9)
Nigeria Today's Naira Rate [23-04-2024]: Naira Appreciates to N1,250/$ Following CBN's Strategic Dollar Injection
The Naira experienced a notable uptick on Tuesday morning, fueled by the Central Bank of Nigeria's (CBN) strategic move to sell dollars to Bureau de Change (BDC) operators at a discounted rate. This intervention aimed to alleviate the mounting pressure observed in the black market. According to...- Nigeria News
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- bdc bureau de change businessday report cbn central bank of nigeria foreign exchange market naira
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Nigeria Vice President Kashim Shettima's Response to Naira's Uncertainty Leaves Nigerians Intrigued
In a recent meeting with a delegation from the Lagos Chamber of Commerce and Industry (LCCI), Vice-President Kashim Shettima reassured Nigerians about the stability of the Naira in the foreign exchange market. Reflecting on recent fluctuations in the currency, Shettima shared insights into the...- Nigeria News
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- economic stability foreign exchange market kashim shettima naira appreciation president tinubu
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Nigeria Nigerian Naira Shows Resilience, Rises to N1,120 Against Dollar in Par
The Nigerian Naira exhibited a remarkable appreciation against the United States Dollar on Monday, with significant gains observed in both the parallel market and the official foreign exchange (FX) window. This currency shift has drawn attention from investors, economists, and policymakers...- Nigeria News
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- cbn dollar exchange rate foreign exchange market forex market naira appreciation parallel market yemi cardoso
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Nigeria Naira Strengthens: Surprising Surge to N1,260 per Dollar Rocks Foreign Exchange Market
Amidst fluctuations in Nigeria's foreign exchange market, the Naira demonstrated a surprising appreciation, climbing to N1,260 per dollar in the parallel market from N1,270 per dollar just a day prior. Additionally, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira saw a...- Nigeria News
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- foreign exchange market nafem naira appreciation nigerian autonomous foreign exchange market parallel market rates
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Nigeria Traders on Edge as Customs FX Rate Surges to N1,330/$, Exceeding Official Market
Recent developments in Nigeria's foreign exchange landscape reveal a noteworthy surge in the customs exchange rate for import duties, exceeding the official market rate. The rate for cargo clearance currently stands at N1,330.36 per USD, significantly higher than the official market's N1,278/$1...- Nigeria News
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- bureau de change cbn reforms central bank of nigeria currency speculation customs fx rate foreign exchange market monetary policy naira exchange rate nigerian economy
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Nigeria Currency Traders Cheer as Naira Strengthens to N1,250 Per Dollar
The Nigerian naira saw an appreciation to N1,250 per dollar in the parallel foreign exchange market on Monday, marking a 0.43 percent increase from the N1,280 recorded on March 29. Bureau de Change operators in Lagos quoted the buying rate of the dollar at N1,230 and the selling price at...- Nigeria News
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- bdc foreign exchange market forex market naira exchange rate nigerian economy parallel market
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Nigeria Nigeria's Naira Jumps to N1,280/$ at Parallel Market: Traders React
The Nigerian Naira witnessed a remarkable appreciation, reaching N1,280 per dollar at the parallel segment of the foreign exchange market. This surge, marking a 5.19 percent increase from the previous rate of N1,350/$ on March 27, has left currency traders in Lagos, commonly known as bureau de...- Nigeria News
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- cbn central bank of nigeria currency traders foreign exchange market naira appreciation parallel market
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Nigeria Nigeria's Economy Receives Boost: CBN Announces $1.5bn Influx
The Central Bank of Nigeria (CBN) has reported a substantial inflow of over $1.5 billion in recent days, signaling a positive outlook for the nation's monetary policy initiatives. The announcement, made by the Bank's Acting Director of the Corporate Communications Department, Hakama Ali...- Nigeria News
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- cbn governor central bank of nigeria foreign exchange market forex market monetary policy nigeria economy yemi cardoso
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Nigeria Naira Crisis: Nigeria Has No Financial Discipline - Otti
Governor Alex Otti of Abia State has attributed the continuous depreciation of the naira to the excessive printing of money by the Federal Government, estimating the total printed money to be close to N30 trillion. In an interview on Channels Television's Politics Today, Otti expressed concern...- Nigeria News
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- abia state news alex otti foreign exchange market naira crisis
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Nigeria Currency Traders Celebrate as Naira Makes Impressive Jump to N1,500/$
The Nigerian Naira continues its upward trend in the parallel foreign exchange (FX) market, reaching N1,500/$ on Wednesday. This remarkable 9.09% gain from the N1,650/$ recorded just two days earlier has caught the attention of currency traders, with bureau de change (BDC) operators quoting...- Nigeria News
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- 1 min read
- cbn governor foreign exchange market naira exchange rate parallel market surge yemi cardoso
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Nigeria Naira Bounces Back at Official Forex Window, Parallel Market Struggles
Amidst concerns over the Nigerian currency's volatility, the naira experienced a positive turn at the official forex window, strengthening by 1.09% to close at 1,419.86/$, following reassurances from the Central Bank of Nigeria Governor, Olayemi Cardoso. Last week saw the naira hitting an...- Nigeria News
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- 1 min read
- central bank of nigeria foreign exchange market forex market naira exchange rate nigerian currency
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Nigeria Nigerian Naira Takes a Dive: Why World Bank Calls It One of Africa's Worst-Performing Currencies in 2023
In a recent report titled "Africa's Pulse," the World Bank has highlighted the sharp depreciation of the Nigerian Naira as one of the key economic challenges facing the African region. According to the report, the Naira has weakened by nearly 40 percent against the US dollar since a mid-June...- Nigeria News
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- 2 min read
- african currencies bola tinubu administration central bank of nigeria foreign exchange market
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Business Naira weakens badly – The Guardian Nigeria News
https://guardian.ng/news/naira-weakens-badly/- Chinedu Iroka
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- foreign exchange market naija news nigeria news the guardian news
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Business CBN’s interventions halt Naira slide – Vanguard News
https://www.vanguardngr.com/2020/09/cbns-interventions-halt-naira-slide/- Chinedu Iroka
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- central bank of nigeria foreign exchange market naija news nigeria news vanguard news
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