Dollar Archives

Pound falls more than 1% after BoE move

The British pound sank Thursday by more than one per cent against the dollar after the Bank of England intervened in the bond markets to head off a fresh financial catastrophe. Sterling slid as low as $1.0763 in early morning London deals one day after the BoE snapped up long-dated government bonds, or gilts, to […]

agencyreport
29th September 2022
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Economy

Pound hits 37-year low against dollar

The pound fell to a fresh 37-year low against the dollar Friday as traders grow increasingly worried about the economic outlook with central banks ramping up interest rates to fight runaway inflation. Sterling fell as low as $1.1151 — its weakest since early 1985 — after the Bank of England on Thursday hiked borrowing costs […]

agencyreport
23rd September 2022
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News

Bread scarcity looms as bakers threaten strike

The Association of Master Bakers and Caterers of Nigeria has issued a two-week ultimatum to the Federal Government to address various challenges facing the industry. The Kogi State Chairman of the association, Gabriel Adeniyi, stated this while addressing journalists in the state. He said, “The Master Bakers and Caterers nationwide resolved to down tools and […]

agencyreport
19th July 2022
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Naira falls N777 against dollar after CBN announcement

News

Dollar rises to N600 at parallel market

The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the Importers and Exporters Window was, however, N415.75 on Monday, widening the exchange rate spread to N184.25. At Zone 4 in Abuja, which is the hub of the parallel market in […]

agencyreport
17th May 2022
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Economy

Naira loses to dollar, closes at 419

The Naira on Monday depreciated at the Investors and Exporters window, exchanging at N419 to the dollar, a 0.48 per cent depreciation, weaker than N417 it traded on Friday. The open indicative rate closed at N419 to the dollar on Monday. An exchange rate of N423.00 to the dollar was the highest rate recorded within […]

agencyreport
9th May 2022
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139 Views

EU to guide Google on opening access to

FG allots ₦1.54tn in January 2026 bond auction

NNPC, Chevron complete Awodi-07 appraisal, exploration well

PAYE reductions boost workers’ salaries – Oyedele

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Tag: Dollar

Pound falls more than 1% after BoE move

Pound hits 37-year low against dollar

Bread scarcity looms as bakers threaten strike

Dollar rises to N600 at parallel market

Naira loses to dollar, closes at 419

Court orders FCTA workers to halt strike

EU to guide Google on opening access to.

TikTok blames data centre power outage for US.

Islamic Development Bank to fund $163m solar electrification.

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