Business
Naira Slides By 4.6% Against Dollar At Official Market
The naira on Tuesday depreciated at the official market, trading at N1,416.57 to the dollar. Data from the official trading platform of the FMDQ Exchange, […]
dollar
Business
Naira Depreciates To N1,230/$ At Parallel Market
The naira reversed the appreciation trend at the parallel section of the foreign exchange market on Friday. The local currency depreciated by 17.14 percent to […]
Business
CBN Limits Dollar Purchase From BDCs
…$10k for school fees, $5k for medical bills The Central Bank of Nigeria (CBN) has placed limits on the foreign exchange (FX) sales by Bureau […]
Business
Economic Hardship: CPPE Asks CBN To Peg Customs Duty At N1000 Per Dollar
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to peg the customs duty exchange rate at […]
Business
Naira Trades N1,730/$ At Parallel Market
The parallel section of the foreign exchange market recorded a new all-time low on Monday after the naira depreciated to N1,730 per dollar. The naira […]
Business
IPMAN: Marketers Will Be Paying In Naira For Dangote Fuel
Refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in […]
Business
Naira Now N1,120/$ At Parallel Market
The naira has commenced a downward spiral, falling to N1,120 per dollar at the parallel market on Tuesday. The figure represents a N95 or 9.27 […]
Across the world
BRICS Member India Ditches US Dollar, Purchases 1,000,000,000 Barrels of Oil With Rupees for First Time Ever
BRICS member India has reportedly purchased oil from the United Arab Emirates using its national currency for the first time ever. In July, reports surfaced […]
Business
Naira Loses Value Against Dollar At Investors, Exporters Window
The naira on Monday depreciated against the dollar, exchanging at N774.78 at the investors and exporters window. The naira lost by 4.27 per cent when […]
Business
24 Countries Now Ready To Accept BRICS Currency
A total of 24 countries are interested in accepting and trading with BRICS currency when it launches on the International stage. The group of developing […]