exchange rates
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![Today's Naira Rate [08-05-2024]: Naira Depreciates Slightly to N1,450/$ Against Dollar](/data/attachments/203/203737-8457c57119a478bc5717b11aa4a694ef.jpg)
Nigeria Today's Naira Rate [08-05-2024]: Naira Depreciates Slightly to N1,450/$ Against Dollar
Explore the economic turmoil in Nigeria's currency markets as the Naira struggles against a surging U.S. Dollar. Amidst regulatory interventions and Federal Reserve policy uncertainties, fluctuations in exchange rates prompt concerns over FX liquidity. On Wednesday, the Naira experienced a... -
![Today's Naira Rate [02-05-2024]: Economic Concerns Heighten as Naira Weakens Further Against Dollar at ₦1402/$1](/data/attachments/203/203550-8457c57119a478bc5717b11aa4a694ef.jpg)
Nigeria Today's Naira Rate [02-05-2024]: Economic Concerns Heighten as Naira Weakens Further Against Dollar at ₦1402/$1
As of today, the exchange rates for the Nigerian Naira (NGN) are as follows: 💵 1 USD ⇛ ₦1,402 💷 1 GBP ⇛ ₦1,660 💶 1 EUR ⇛ ₦1,445 💶 1 CAD ⇛ ₦970 The performance of the Naira in the foreign exchange market remains a point of concern for many Nigerians. With fluctuations in the exchange rates... -
Nigeria Naira Strengthens as CBN Resolves $7 Billion Forex Backlog, Marks 4.6% Appreciation
The naira has witnessed a notable appreciation at both the official and parallel markets following the Central Bank of Nigeria's (CBN) successful clearance of all foreign exchange (FX) backlogs. Data from the FMDQ Securities Exchange indicates that the Naira closed trading at ₦1,410/dollar at... -
Nigeria Binance Ban: Government Spokesman Onanuga Warns Nigerians Platform Could Destroy THE ECONOMY
Amidst growing concerns over the impact of cryptocurrency trading on Nigeria's economy, Presidential spokesman Bayo Onanuga has issued a stern warning against the popular exchange platform Binance, alleging its potential to dismantle the country's financial stability. Speaking on a televised... -
Nigeria Nigerians Challenge Presidency's Claim of Lowest Cost of Living in Africa, Label Comparison as Misleading
In a recent statement titled 'Atiku Abubakar and his new hobby,' Bayo Onanuga, the Special Adviser to the President on Information and Strategy, refuted claims made by former Vice President Atiku Abubakar regarding the impact of President Tinubu's economic policies. Atiku had criticized the... -
Nigeria Manufacturers Sound Alarm on Impending Price Escalations Amid Naira Depreciation
Manufacturers in Nigeria are bracing for a potential surge in commodity prices as the nation's currency, the naira, continues its downward spiral against the United States dollar. Since the removal of the rate cap by the Central Bank of Nigeria in June 2023, the naira has witnessed a significant... -
Nigeria Naira Drops to N1,250/$ in Parallel Market, Raising Economic Concerns
In a concerning economic development, the Naira witnessed a significant depreciation to N1,250 per dollar in the parallel market, marking a notable drop from N1,240 per dollar over the weekend. Concurrently, the Nigerian Foreign Exchange Market (NAFEM) recorded a similar trend as the naira... -
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Business Naira Watch: Tracking Nigeria's Currency [Day 24]
The Naira on Tuesday depreciated against the United States Dollar closing at N310.50, twenty-four days after the Apex bank removed the currency peg. The naira opened the day's trading at N309. to the United States Dollar and closed at N310 with a difference of N28.50 to the previousday trading...- ProfRem
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