nigerian currency
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![Today's Naira Rate[22-08-2024]: Nigerian Naira Faces Pressure, Remains at N1600/$ Despite FX Market Gains](/data/attachments/207/207487-2f6d6883f23a034efccccca8e854a5ea.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[22-08-2024]: Nigerian Naira Faces Pressure, Remains at N1600/$ Despite FX Market Gains
The Nigerian naira remains at N1600/$ in the black market, despite recent improvements in Nigeria's foreign exchange market. The introduction of dollar bonds to increase liquidity hasn't eased the pressure on the naira, as it struggles against short sellers and global currency dynamics. The...- Nigeria News
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![Today's Naira Rate[15-08-2024]: Naira Gains 1.38% to ₦1,564.48/$ Amid Surge in Dollar Supply](/data/attachments/207/207258-f03ffe954e3016d0e0568883b0dfca20.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[15-08-2024]: Naira Gains 1.38% to ₦1,564.48/$ Amid Surge in Dollar Supply
The Nigerian Naira appreciated to ₦1,564.48 per dollar on Thursday, a 1.38% gain driven by increased dollar supply. Trading volumes surged by 61.54%, reflecting heightened market activity. The Central Bank of Nigeria's recent measures, including the Retail Dutch Auction System, aim to stabilize...- Nigeria News
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![Today's Naira Rate[23-07-2014]: Naira Surges to N1,500.32/$ Amid Record Daily Gains and CBN Inflows](/data/attachments/206/206390-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[23-07-2014]: Naira Surges to N1,500.32/$ Amid Record Daily Gains and CBN Inflows
The naira surged to N1,500.32/$, marking its best daily gain since March, driven by increased inflows from the CBN and anticipated interest rate hikes. The CBN's efforts, including a $106.5 million injection, aim to stabilize the currency amid rising inflation and economic challenges. The naira...- Nigeria News
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![Today's Naira Rate[26-06-2014]: Naira Weakens Further in Official Market, Hits N1,507.83 per Dollar](/data/attachments/205/205493-6e202405f2f497d63440ce71bc64dc98.jpg?hash=biAkBfL0l9)
Nigeria Today's Naira Rate[26-06-2014]: Naira Weakens Further in Official Market, Hits N1,507.83 per Dollar
The naira weakened to N1,507.83 per dollar in the official market. Central Bank Governor Yemi Cardoso expressed optimism about managing currency volatility, citing recent stability and significant foreign exchange inflows. The Nigerian naira weakened to N1,507.83 per dollar at the official...- Nigeria News
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- central bank of nigeria foreign exchange market naira depreciation naira to dollar exchange rate nigerian currency yemi cardoso
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![Today's Naira Rate[19-06-2014]: Naira Trades Flat at N1,490 per Dollar, Inflows Boost Confidence](/data/attachments/205/205244-147ab142f8cf48479284e57b3d23fc38.jpg?hash=FHqxQvjPSE)
Nigeria Today's Naira Rate[19-06-2014]: Naira Trades Flat at N1,490 per Dollar, Inflows Boost Confidence
Discover the latest on Nigeria's currency exchange rate as the naira holds steady at N1,490 per dollar on the parallel market, showing a marginal gain. On Wednesday, the Nigerian naira remained stable at N1,490 per dollar on the parallel market, showing a slight improvement from last week's...- Nigeria News
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![Today's Naira Rate [11-05-2024]: Naira's Downward Spiral: Hits Month-Low at N1470 Against Dollar](/data/attachments/203/203848-147ab142f8cf48479284e57b3d23fc38.jpg?hash=FHqxQvjPSE)
Nigeria Today's Naira Rate [11-05-2024]: Naira's Downward Spiral: Hits Month-Low at N1470 Against Dollar
Amid evolving market dynamics, Nigeria's currency breached the N1,500 mark against the US dollar on the black market, highlighting fragile FX conditions. With the naira's downward trend from March, concerns rise over its ability to sustain gains without fiscal policy intervention. Analysts...- Nigeria News
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- central bank of nigeria fx market dynamics n1500 against dollar naira exchange rate nigerian currency
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Nigeria President Tinubu's 'Buy Made in Nigeria' Call Sparks Accusations of Hypocrisy Amid Health Trips Abroad
Amidst economic challenges, the Presidency emphasizes the importance of buying locally-made products to bolster the Nigerian currency. Special Adviser Ajuri Ngelale emphasized President Tinubu's directive during a press briefing, urging citizens to patronize made-in-Nigeria goods across all...- Nigeria News
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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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Business Naira To Appreciate Against Dollar Next Week - Analysts
The naira is expected to appreciate further against the United States dollar in the coming week as offshore investors pile into local stocks, currency and financial analysts told Reuters. The analysts, said, the naira will likely strengthen against the dollar in the coming days as more offshore...- ProfRem
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Business Nigeria: 12/06/2017 - Today's Naira Rate Against Dollars, Pounds and Euros
Nigerian naira appreciated on the black market segment to 367 to the dollar but depreciated to 307 at the official market rate Table below shows today's (12/06/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro:- ProfRem
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Business Naira Crashes, Loses 2% To 398 Per Dollar
Nigerian naira on Wednesday crashed at the parallel market to 398 per dollar despite Central Bank of Nigeria intervention at the forex market. The currency lost 2 per cent against the greenback. The currency also depreciated to 485 against the Pound sterling but maintained rate at 415 to the...- ProfRem
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Business Naira Appreciates To 455 Per Dollar At Parallel Market
Nigerian naira on Thursday continued to appreciate against United States dollars at the parallel market. The currency gained 2 naira to 455 against the dollar and N5 to 580 against Euro from 585 it traded previous day. It remained flat at 550 to a Pound sterling at the parallel market. At the...- ProfRem
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Business Naira Appreciates Another 1.1% To 455 Per Dollar At Black Market
Nigerian naira on Monday appreciated 1.1 per cent to close at 455 to a dollar at the parallel market. The currency gained 13 per cent last week after the Central Bank of Nigeria auctioned $230 million in forward contracts on the official market after selling $370 million this week to boost...- ProfRem
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Business Naira Appreciates 8.9% To 460 Per Dollar At Parallel Market
Nigerian naira on Friday appreciated 8.9 per cent to close at 460 to a dollar at the parallel market, fourth continuous days since the Central Bank of Nigeria relaxed the Forex policy. The local currency also gained heavily against Pound sterling and Euro to close at 575 and 480 respectively...- ProfRem
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Business Naira Crashes To Another Record Low Of 520 Per Dollar
Nigerian Naira on Monday continued to crash at the parallel market to N520 per United States dollar, even as the Central Bank of Nigerian, CBN fund commercial banks with additional forex to cater for school fees, medical and PTA/BTA fares. The currency depreciated sharply from N518 its opened...- ProfRem
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Business Naira Free Fall: Crashes To 516/US$1
The naira appears to have entered a free fall mode with the local currency selling for 516 per United States dollar on the streets of Lagos on Thursday. The currency plummeted at the parallel market from 510/dollar on Wednesday to 516/dollar on Thursday. Currency dealers on the streets of...- ProfRem
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Business Nigerians Panic As Naira Crumbles To 500 Per Dollar At Parallel Market
Nigerian naira on Monday crumbled to 500 per dollar at the parallel market sending significant shock to businesses as analysts predicted a sharp depreciation on the currency. The currency plunged further against the United States dollar to an all time low record of 500 on Monday morning, down...- ProfRem
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Business Naira Crashes Further As Buhari, CBN Plan To Eliminate Black Market
Nigerian naira on Wednesday crashed further at the parallel market as President Muhammadu Buhari, the Central bank of Nigeria plan to eliminate the gap in the exchange rate against the dollar between the official and black markets, Nigerian Bulletin gathered. The currency plunged to 492 naira...- ProfRem
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Business Naira To Bounce Back As Travelex Begins Dollar Sales to BDCs
Nigerian naira on its recovery path as Travelex, a global foreign exchange dealer, will on Friday (today) disburse the sum of $15,000 to each of the 3,000 registered Bureaux De Change operators in the country. The President, Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe...- ProfRem
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Business Ben Bruce Faults EU's Call For Naira Devaluation
A Nigerian Senator, Ben Murray-Bruce, senator representing Bayelsa east senatorial district, has faulted European Union's call for further devaluation of Nigeria's currency. A European Union (EU) had on Tuesday advised the federal government to devalue the naira as part of measures to tackle...- ProfRem
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