Tag: Naira Dollar

Nigeria's external reserves rise to $36.89bn — CBN gov
News

BDC operators debunk Dollar selling at N1,000/$1

Contrary to circulating reports on X (formerly Twitter), Bureau De Change operators have refuted claims that the dollar is now being sold at N1,000 in the parallel market. There have been widespread reports on X indicating that the dollar is trading at N1,000 in Abuja. A post on X stated, “This morning, at Zone 4 […]

Nigerian Exchange ahead in Africa with 33.70% gain
Business

Exchange rate hits N851/$1 intra-day high, lowest in 60 days

The naira-to-dollar exchange rate ON Tuesday, achieved a two-month intra-day high of N851/$1 in the Investor and Exporter window, the official forex trading platform. The Times reported that this peak was significant since the naira hadn’t reached a higher intraday rate since July 24, when it reached N855/$1. The market turnover increased to $135.9 million on the […]

Economy

Naira crashes to N888/$1 on Binance

The naira/dollar exchange rate has fallen to N888/$1 on the cryptocurrency market, Binance. Currency limitations have previously been noted as a significant barrier for international companies wishing to engage in Nigeria, the continent’s top oil producer. Despite the fact that the CBN’s decision to loosen the currency peg was made to address this problem, the demand […]