The bloc called for increased channeling of Special Drawing Rights (SDR) from donor countries to needy countries The post G-24 calls for increased financing for developing nations battling inflation, high debts appeared first on Premium Times Nigeria. Powered by WPeMatico
CBN sells dollars to BDCs at N1,251/$1
Hardship: Naira may exchange for N4000 against US dollar – Ozekhome
Amid the current economic hardship, a Senior Advocate of Nigeria, SAN, Mike Ozekhome, has warned that the naira may exchange for N4000 against the United States, US, dollar before the end of 2024. Ozekhome explained that there was nothing on ground to show that the naira will improve against the dollar. He disclosed this while […]
Naira appreciates against US Dollar at forex market
The Naira appreciated against the US dollar at the parallel foreign exchange market during the weekend, DAILY POST reports. DAILY POST gathered that the country’s currency exchanged at 1,500 and 1,698 per USD on Saturday and Sunday, respectively, from N1,800 on Friday. The gain on Sunday represents a N300 or 16.6 per cent gain against […]
Naira returns to depreciation against US dollar despite EFCC raid on BDCs
The Naira returned to a depreciation trend against the US Dollar at the official exchange market on Thursday despite the Economic and Financial Crimes Commission, EFCC, raids on Bureau De Change operators. Data from FMDQ showed that the Naira depreciated to N1571.31 per US dollar on Thursday from N1,542.58 on Wednesday. This represents a 28.73 […]
Naira appreciates significantly against US dollar for two consecutive days at forex market
For the second time this week, the Naira appreciated significantly against the US Dollar on Wednesday at the foreign exchange market. Data from FMDQ showed that the Naira appreciated N1542.58 per US dollar on Wednesday from 1,551.24 on Tuesday. This represents an N8.63 or 0.6 per cent gain compared to the N1,551.24 recorded at the […]
Naira’s depreciation against US dollar continues
The naira crashed to an all-time low against the US dollar, at the official and parallel foreign exchange markets, worsening the nation’s FX crisis. Data from FMDQ showed that the naira depreciated from N1,574.62 per US dollar on Monday to N1,537.96 on Friday last week. This represents a N36.66 or 2.3 per cent loss compared […]
Naira crisis at FX market persists as US Dollar supply plunge by 74 per cent
Nigeria’s foreign crisis persists as US dollar sales at Deposit Money Banks and other entities dropped by 74 per cent to $84.1 million at the close of work on Friday. FMDQ data showed that FX Turnover plunged by $252m to $84.1m on Friday. Consequently, the Naira depreciated against the Dollar at the official exchange market […]
Again Naira depreciates against US Dollar as FX supply drops by 74% amid CBN interventions
The Naira depreciated significantly against the US dollar at the close of work on Friday. This is as FX supply turnover dropped by 74 per cent to $84.10 million despite the Central Bank of Nigeria’s recent interventions. Data from FMDQ showed that the Naira depreciated to N1,537.96 per US dollar on Friday from N1,498.25 on […]
Naira gains against US Dollar at foreign market
The Naira recorded a significant gain against the US Dollar at the Foreign Market amid the Central Bank of Nigeria’s sweeping policy interventions. Data from FMDQ showed that the Naira appreciated N1419.86 per Dollar on Monday from N1,435.53 on Friday. This represents a 1.1 per cent or 15.67 gain compared to N1,435.53 recorded at the […]