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Tag: Dollar-Naira rate

Naira drops 0.64% after Emefiele's arrest - Report
Business

Naira drops 0.64% after Emefiele’s arrest – Report

The naira sank further against the dollar on Friday at the Investors and Exporters window, trading for N472.50 to the dollar. According to The Punch, in comparison to the N469.50 it exchanged for the dollar on Thursday, the local currency experienced a 0.64 percent decline. On Friday, the open indicative rate reached a high of N471.32 […]

Naira and Dollar displayed
Business

Naira gains against dollar at investors, exporters window

  The naira appreciated further on Thursday as it exchanged at N461 to the dollar at the Investors and Exporters’ window. A report by the News Agency of Nigeria accessed from The Punch states that there was an increase of 0.05 percent when comparing it to the N461.25 exchange rate on Wednesday. Meanwhile, the open […]

Naira and Dollar displayed
Business

Naira rises 0.07% at investors, exporters window

The Naira on Thursday exchanged at 461.17 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.07 per cent compared to the 461.50 it exchanged rate on Wednesday. The open market indicative rate closed at N461.50 to the dollar on Thursday. An exchange rate of N462 to the US […]

Naira falls N777 against dollar after CBN announcement
Economy

Inflation weakened naira 15% in 2022 – NESG

Bisola David   A recently released report by the Nigerian Economic Summit Group revealed that the naira was devalued by 14.9% due to inflation, which was brought on by the Central Bank of Nigeria’s plan to redesign the currency.   In its 2023 Macroeconomic Outlook Report titled “Nigeria in Transition: Recipes for Shared Prosperity,” the […]

Naira to fall N500 against dollar - NESG
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Naira to fall N500 against dollar – NESG

Oluwanifemi Ojo The Nigerian Economic Summit Group has predicted that the Nigerian naira will slip further to N500 against the US dollar on the Investors & Exporters FX window. According to the NESG’s 2023 macroeconomic outlook report, the country’s external reserves are estimated to fall by 0.62% from $37.21 billion as of January 17, 2023, […]

Naira to fall N500 against dollar - NESG
News

Naira loses slightly against dollar by 0.26%

  The naira traded at 452.67 to the dollar in the Investors and Exporters window on Tuesday. According to The News Agency of Nigeria, the figures represent a 0.26 percent decline from the previous day’s exchange rate of N451.50. The open indicative rate reached a high of N448.80 to the dollar on Tuesday. Before it […]

News

Naira loses to dollar, exchanges at 445.83

  The naira on Wednesday exchanged at 445.83 to the dollar at the Investors and Exporters window, a depreciation of 0.01 per cent, compared with the 445.80 it exchanged on Tuesday. The open indicative rate closed at N444.25 to the dollar on Wednesday. An exchange rate of N452 to the dollar was the highest rate […]

Banks reduce forex sales as scarcity persists
News

Black market: Naira falls by 17.6% in four days

The Nigerian naira’s value has decreased against the US dollar, closing at N780/$1 just dollat According to information provided to Nairametrics by black market dealers, naira fell by 17.6% today in comparison to the Friday closing rate of N680/$1. While this is going on, the exchange rate is still different in different places and is […]

Naira falls N777 against dollar after CBN announcement
News

Naira falls N777 against dollar after CBN announcement

The Naira reportedly crashed to N775 against the dollar a few days after the Central Bank of Nigeria revealed its plan to redesign the Naira. AMBusiness on Wednesday reported that the CBN Governor, Godwin Emefiele said that the bank would release re-designed naira notes by December 15, 2022. The affected Naira notes are N100, N200, […]

Naira falls N777 against dollar after CBN announcement
News

Naira drops marginally against dollar, exchanges at N441.67

The Naira depreciated by 0.07 per cent on Tuesday, trading for 441.67 Naira to 1 USD at the Investors and exporters window, compared to N441.38 Naira to 1 USD on Monday. According to The News Agency of Nigeria, the open indicative rate reached a high of N440.58 to the dollar. In the course of Tuesday’s […]

100% cashless economy possible in Nigeria - Emefiele
Economy

CBN vows to curb further naira devaluation

The Central Bank of Nigeria has reiterated its commitment to preventing a further devaluation of the Nigerian naira in the foreign exchange market. This was disclosed by the Director of Corporate Communications, CBN, Mr Osita Nwanisobi, in a statement on Friday, according to The PUNCH. The apex bank advised Nigerians to resist the urge of […]