Tag: Dollar
Naira closes 1,309/$ as banks sell $2.5bn
The Central Bank of Nigeria and other financial institutions have increased the dollar supply to the foreign exchange market by $2.5 billion over the...
Naira appreciates against dollar
The Naira experienced a slight appreciation at the official market, trading at N1,431.49 to a dollar on Friday.
According to data from the FMDQ's official...
VIDEO: EFCC raids BDC Market in Abuja
Thre was a heated clash between the Economic and Financial Crimes Commission (EFCC) personnel and Bureau De Change (BDC) operators in Wuse Zone 4,...
EFCC moves against invoices in dollar, naira mutilation
The Economic and Financial Crimes Commission, (EFCC) has moved against persons issuing invoices in dollars and mutilating the naira in Lagos and Port Harcourt.
EFCC Spokesperson,...
FG considers converting $30 billion in domiciliary accounts to naira
The Federal Government is considering a policy to convert the foreign currencies in Nigerians' domiciliary accounts in a bid to stabilize the naira following...
Inflation To Hit 30% By December 2023 – KPMG
A global financial advisory service company, KPMG has projected that headline inflation in Nigeria will reach 30 per cent by December 2023.
In September 2023,...
Naira rebounds as CBN clears forex debt backlog
The naira has risen to N1,120 against the dollar as the foreign exchange market reacted to news that the Central Bank of Nigeria has...
Chinese Yuan strengthens to 7. 2148 against dollar
Chinese Yuan strengthens to 7. 2148 against dollar
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened two pips to 7.2148...
Naira gains at investors, exporters window
The naira apprepreciated against the dollar on Friday as it exchanged at N740.38 at the Investors and Exporters window.
The naira gained by 2.93 per...
Naira gains 0.22 per cent at investors, exporters window
The naira appreciated against the dollar on Thursday as it exchanged at N771.69 at the Investors and Exporters window.
The local currency gained by 0.22...