Tag: Dollar
CBN to Nigerians: Reduce dollar demand, we’ve no magic to stabilise...
The Central Bank of Nigeria (CBN) says it doesn’t have a magic word to stabilise the foreign exchange, noting that Nigerians must reduce frequent...
Naira crashes to N1,300 against U.S. dollar
The naira, on Tuesday, January 16, 2024, continued to suffer depreciation against the dollar as it exchanged at N1,300 on the Peer-to-Peer cryptocurrency window.
Some...
Dollar drops, bitcoin rises ahead ETF approval deadline
The dollar paused its rally on Tuesday, January 9, as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year...
Naira exchanges at N1,043 against dollar at FX market
The naira, on Thursday, continued to suffer depreciation against the dollar as it exchanged at N1,043.09 at the official foreign exchange market.
The naira exchanged...
Customs hands over $54,330 tramadol bribe money to EFCC
The Tincan Island Port (TCIP) command of the Nigeria Customs Service (NCS) has handed over $54,330 tramadol bribe money to the Economic and Financial...
Naira gains against dollar, exchanges at N950
The naira, on Friday, November 3, 2023, continued its rebound against the dollar as it exchanged at N950 in the parallel market.
This represents a...
FG plans new forex rules, projects N650 ‘fair price’ before December
Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has projected that the true value of naira will reflect before December.
Oyedele...
Naira exchanges at N1,152 against dollar at black market
The exchange rate between the naira and dollar hit an all-time low of N1,152/$1 on the black market, otherwise known as the parallel market,...
Naira drops against dollar, exchanges at N756.21
The naira, on Wednesday, October 4, 2023, depreciated against the dollar as it exchanged at N756.21 at the investors and exporters window.
The naira lost...
Naira gains against dollar, exchanges at N745.19
The naira, on Tuesday, October 3, 2023, appreciated against the dollar as it exchanged at N745.19 at the investors and exporters window.
The local currency...
