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![Today's Naira Rate [26-04-2024]: Naira Falls to N1,430 Against Dollar as Speculators Drive Exchange Rates](/data/attachments/203/203346-8457c57119a478bc5717b11aa4a694ef.jpg)
Nigeria Today's Naira Rate [26-04-2024]: Naira Falls to N1,430 Against Dollar as Speculators Drive Exchange Rates
Amidst the ongoing economic turbulence in Nigeria, the value of the national currency, the naira, has continued its downward trajectory across both official and unofficial foreign exchange markets. Speculators are capitalizing on the situation, leading to a surge in demand for the US dollar... -
Nigeria Moghalu Criticizes Artificial Exchange Rates, Calls for Realistic Economic Policies
Former deputy governor of the Central Bank of Nigeria, Kingsley Moghalu, criticized the notion of aiming for a Naira to Dollar exchange rate of N400, stating that such expectations are unrealistic. Moghalu emphasized the importance of the exchange rate reflecting its true market value, rather... -
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Business Naira Falls to N414 Per Dollar at Parallel Market
The Nigerian naira during the weekend fell to a new low against the dollar at the parallel market following continued scarcity of the greenback. The naira was sold for 414/dollar across some black market segments in Lagos and Abuja on Sunday. It hit an all-time low of 412 against the greenback...- LequteMan
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Business MAN Urges CBN to Add 96 Goods to Forex Restriction List
The Manufacturers Association of Nigeria, (MAN), has urged the Central Bank of Nigeria, (CBN), to add 96 finished goods to its foreign exchange restriction list. The President of MAN, Franks Jacobs said this in reaction to CBN's ordering of currency dealers to dedicate at least 60 percent of...- LequteMan
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Business CBN Orders Banks To Sell Dollars at N197 To Pilgrims
The Central Bank of Nigeria, CBN, on Thursday, directed banks and authorised forex dealers to sell the Pilgrims Travelling Allowance, PTA, to intending pilgrims at a concessionary exchange rate of N197 to $1. In a circular on Thursday, marked, TED/FEMFPC/GEN/01/005, the CBN said: “Each pilgrim...- ProfRem
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