What Does $1 Billion in Capital Outflows Mean for Nigeria's Economy?
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#f4e83713 ver:2.43
...
#newstr #CapitalOutflows #Nigeria #ForeignInvestment #EconomicReport #CentralBankOfNigeria #Naira #LoanRepayments #DividendRepatriation #FinancialAnalysis #CurrencyExchange
https://here.news/story/f4e83713?ver=2.43
Naira Experiences Depreciation Against US Dollar in Official Market
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#f4e83713 ver:2.32
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#newstr #Naira #UsDollar #ExchangeRate #Depreciation #ForexSupply #PoundSterling #Euro #WestAfricanCfaFranc #ParallelMarket #Reforms
https://here.news/story/f4e83713?ver=2.32
CBN's Efforts to Stabilize Naira Yield Positive Results in Official and Black Markets
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#f4e83713 ver:2.31
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#newstr #Cbn #Naira #ForeignExchange #OfficialMarket #BlackMarket
https://here.news/story/f4e83713?ver=2.31
Naira Appreciates Against Dollar in Official Market, but Tumbles Again
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#f4e83713 ver:2.25
...
#newstr #Naira #ForeignExchangeMarket #ExchangeRate #UsDollar #Cryptocurrency
https://here.news/story/f4e83713?ver=2.25
Naira Trades at New Rates Against Pound, Euro After Crashing Against US Dollar
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#f4e83713 ver:2.15
...
#newstr #Naira #Pound #Euro #UsDollar #ForeignExchangeMarket #CentralBankOfNigeria #BureauDeChange
https://here.news/story/f4e83713?ver=2.15
Naira Falls to Lowest Level Since March 15 Amid High Dollar Demand and Geopolitical Uncertainty
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#f4e83713 ver:2.11
The Nigerian naira has fallen to its lowest level since March 15 due to high demand for US dollars and geopolitical uncertainty. The naira has depreciated against the dollar in both the official and parallel markets. Despite Nigeria's record-high foreign reserves, importers' pressure on the dollar has led to the currency's crash. The Central Bank of Nigeria assures that the naira is safe, but the value of the pound sterling is quickly approaching N2,000/£1 on the black market. The CBN injected fresh funds to stabilize the market, but the naira continues to decline....
#newstr #Naira #UsDollar #Inflation #FederalReserve #Economy
https://here.news/story/f4e83713?ver=2.11
Naira Depreciates to N1,563/$1 at NAFEX Despite CBN FX Intervention
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#f4e83713 ver:2.1
The Nigerian naira has depreciated to N1,563/$1 in the NAFEX despite CBN intervention. The naira has also depreciated in the parallel market, trading at N1,570/$1. The increase in external reserves and supply has contributed to the naira's appreciation in the official market. However, importers' pressure on the dollar has led to the naira's crash. The CBN assures that the naira is safe and recent foreign exchange management initiatives have restored confidence. The pound sterling is approaching N2,000/£1 on the black market. Despite the naira's devaluation, Nigeria's foreign reserves hit a record high of $35.05 billion....
#newstr #Naira #ForeignExchange #Cryptocurrency #Cbn
https://here.news/story/f4e83713?ver=2.1
Naira Reverses Gains in Forex Markets, Crashes in Official and Black Markets
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#f4e83713 ver:2.06
The Nigerian naira has reversed its gains in the forex markets, depreciating against the US dollar in both the official and black markets. In the official market, the naira is now quoted at a high of N1,540.75 and a low of N1,474.05 per dollar, erasing previous gains. In the parallel market, the naira has crashed by 0.35% and is trading at N1,530 per dollar, reaching a three-month low. The depreciation is attributed to importers' pressure on the dollar. The Central Bank of Nigeria has also stopped funding for Bureau de Change Operators as part of FX market reforms. #Naira #Forex #CurrencyDepreciation...
#newstr #Naira #ExchangeRates #ForeignExchangeMarket #Depreciation #ForexTurnover #BlackMarket #Liquidity #Inflows #FxReserve #Importers #DollarPressure
https://here.news/story/f4e83713?ver=2.06
Naira Appreciates in Official Forex Market, Depreciates in Unofficial Market
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#f4e83713 ver:2.04
The Nigerian naira has seen mixed performance in forex markets. In the official market, it appreciated against the US dollar but depreciated against the pound and euro. In the unofficial market, it weakened against the dollar. The Central Bank of Nigeria has halted funding for Bureau de Change Operators as part of FX market reforms. #Naira #Forex #CBN...
#newstr #NigerianCurrency #ExchangeRate #UsDollar #ForexMarket #Naira
https://here.news/story/f4e83713?ver=2.04
Naira Depreciates Further in Official and Unofficial Markets
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#f4e83713 ver:2.03
The Nigerian naira continues to depreciate in both official and unofficial markets, increasing the cost of imported goods. In the official market, the naira declined by 0.50% against the US dollar, while in the NAFEM, it crashed to N1,520.24/$1. The CBN has stopped funding for Bureau de Change Operators as part of FX market reforms. #NairaDepreciation #ImportedGoods #CBNReforms...
#newstr #Naira #ForeignExchangeMarket #Depreciation #ExchangeRate #CentralBankOfNigeria #BureauDeChangeOperators
https://here.news/story/f4e83713?ver=2.03
CBN Adjusts Customs FX Rates as Naira Appreciates in Official Market; Nigerian Banks Face Sanctions for Rejecting Small and Old US Dollar Notes
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#f4e83713 ver:2.01
The Central Bank of Nigeria adjusts Customs FX rates as the naira appreciates, benefiting importers and improving cargo clearance in ports. Meanwhile, Nigerian banks face sanctions for rejecting old US dollar notes. The CBN aims to stabilize the currency and enhance foreign exchange markets through various measures. #Nigeria #CBN #forex #economy...
#newstr #Nigeria #Cbn #ForeignExchangeMarket #NigerianBanks #UsDollarNotes #NigerianNaira
https://here.news/story/f4e83713?ver=2.01
CBN Adjusts Customs FX Rates as Naira Appreciates in Official Market
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#f4e83713 ver:2.0
The Central Bank of Nigeria adjusts Customs FX rates as the naira appreciates in the official market, benefiting importers and improving cargo clearance in Nigerian ports. This move supports economic growth and the efficiency of the foreign exchange market. #CBN #NairaAppreciation #CargoClearance...
#newstr #Naira #Cbn #CustomsFxRates #CargoClearance #ForeignExchangeMarket
https://here.news/story/f4e83713?ver=2.0
Naira Depreciates in Official and Parallel Markets, Rated Worst Performing Currency in the World in 2024
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#f4e83713 ver:1.98
The Nigerian naira has seen mixed performance in forex markets, appreciating against the US dollar in the official market but depreciating in the black market. It has also depreciated against other major currencies. A recent report rates the naira as the worst-performing currency in the world in 2024, citing devaluation, insufficient dollar liquidity, and market volatility as reasons. The Central Bank of Nigeria's efforts to boost the currency have been hindered. #Naira #Forex #CurrencyDepreciation...
#newstr #Naira #Currency #Depreciation #CentralBankOfNigeria #DollarLiquidity #MarketVolatility
https://here.news/story/f4e83713?ver=1.98
Naira Appreciates in NAFEX, Depreciates in Black Market
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#f4e83713 ver:1.97
The Nigerian naira has had mixed performance in the foreign exchange markets. It appreciated against the US dollar in NAFEX but depreciated in the black market. The naira also saw changes in value against other major currencies. In the cryptocurrency market, Solana, Ethereum, and Binance Coin experienced declines. #Naira #Forex #Cryptocurrency...
#newstr #Naira #ExchangeRate #ForeignExchange #Cryptocurrency #Nafex #BlackMarket
https://here.news/story/f4e83713?ver=1.97
Naira Continues to Depreciate as CBN Promises to Address Exchange Rate
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#f4e83713 ver:1.96
The Nigerian naira continues to depreciate, reaching its lowest point in weeks against the dollar, pound, and euro. The Central Bank of Nigeria promises to address the exchange rate, but has stopped selling dollars to Bureau de Change operators. Importers anticipate an adjustment in the customs exchange rate. Critics argue that frequent rate changes create instability, while the Comptroller General of Customs pledges to collaborate with the CBN for a stable rate. #NairaDepreciation #CBN #ExchangeRate...
#newstr #NigerianCurrency #ForeignExchangeMarkets #NairaDepreciation #ExchangeRate #Cbn
https://here.news/story/f4e83713?ver=1.96
CBN Leaves Customs FX Rate for Import Duty Unchanged for 3 Weeks as Naira Falls
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#f4e83713 ver:1.94
The Central Bank of Nigeria (CBN) has kept the customs exchange rate unchanged for 3 weeks despite the falling value of the Naira. This decision has drawn criticism for creating instability, but the Comptroller General of Customs promises to work with the CBN for a stable rate. The Naira's decline is attributed to the CBN's lack of foreign exchange sales to BDC operators, prompting the CBN to review policies and consider reforms in the forex market. #CBN #Naira #Forex #CustomsExchangeRate...
#newstr #Naira #CentralBankOfNigeria #CustomsFxRate #ImportDuty
https://here.news/story/f4e83713?ver=1.94
Naira Appreciates Against Pound and Euro in Black Market as BDC Gives New Exchange Rate
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#f4e83713 ver:1.92
The Nigerian naira weakens in official market, but appreciates against Pound and Euro in black market. Decrease in forex supply and reduced intervention by Central Bank contribute to naira's decline. Cryptocurrencies also experience losses. Naira's value remains volatile. #Naira #Forex #Cryptocurrency...
#newstr #Naira #BritishPound #Euro #BlackMarket #Bdc #ExchangeRate #CentralBankOfNigeria #ForeignReserves #ForexMarket #CustomsExchangeRates
https://here.news/story/f4e83713?ver=1.92
Naira Falls in Official Market as Forex Turnover Declines
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#f4e83713 ver:1.91
The Nigerian naira weakens in the official market as forex turnover declines, trading at N1,476.24 per dollar. The decrease is due to a drop in foreign exchange supply, leading to a significant decrease in forex turnover. Cryptocurrencies also experience losses, while Litecoin rises. The naira's value remains volatile despite efforts to stabilize the economy. #Naira #Forex #Cryptocurrency...
#newstr #Naira #ForexMarket #CryptocurrencyMarket #WorldBank #Loan #UsDollar #PoundSterling #Euro
https://here.news/story/f4e83713?ver=1.91
Naira Falls in All Markets as Traders Quote New Exchange Rates
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#f4e83713 ver:1.89
The Nigerian naira has fallen in both official and parallel markets, trading at N1,476.24 per dollar in the official market and N1,490 per dollar in the parallel market. Forex turnover has also decreased due to reduced dollar supply. The Central Bank of Nigeria has stopped intervening in the forex market. Despite recent decline, the naira's value rose by 0.68% on June 10. The naira's value remains volatile due to various factors. #Naira #Forex #CBN...
#newstr #Naira #ExchangeRates #ForexMarket #Nigeria #CentralBankOfNigeria
https://here.news/story/f4e83713?ver=1.89
Naira Depreciates Further in Official and Parallel Markets, Black Market Exchange Rates Fluctuate
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#f4e83713 ver:1.87
The Nigerian naira continues to depreciate in both the official and parallel markets, influenced by factors such as foreign currency availability, demand, inflation rates, regulations, policies, and political events. The black market exchange rate for 50 US dollars to naira is ₦74,000.00 - ₦74,500.00. Bitcoin and other digital currencies are also bearish, while the NASD OTC Securities Exchange ended May negatively. The CBN Governor attributes the volatility to seasonal demand, and the Presidential Committee on Fiscal Policy and Tax Reforms proposes a fixed exchange rate of N800 per dollar for Customs import duties. #NairaDepreciation #ForeignExchangeMarket #BlackMarketExchangeRate #Bitcoin #OTCExchange #CBN #CustomsDuties...
#newstr #Naira #Usd #BlackMarket #ExchangeRate
https://here.news/story/f4e83713?ver=1.87
Naira Depreciates Further in Official Market, BDC Traders Adjust Exchange Rate
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#f4e83713 ver:1.81
The Nigerian naira continues to depreciate in both the official and parallel markets, with BDC traders adjusting their exchange rates. Factors such as availability of foreign currencies, demand, inflation rates, government regulations, economic policies, and political events contribute to the fluctuation. The black market exchange rate for $50 to naira is ₦72,500.00 - ₦74,000.00. Despite improved liquidity and restrictions on BDC activities, the naira faces pressure. The CBN Governor attributes the volatility to seasonal demand. The black market rates for exchanging $100 to naira are subject to change and influenced by demand, supply, economic conditions, government policies, and political stability. #NairaDepreciation #ForeignExchangeMarket...
#newstr #Naira #UsDollar #ExchangeRate #BdcTraders #ForeignExchangeMarket #CentralBankOfNigeria
https://here.news/story/f4e83713?ver=1.81
Naira Depreciates Further in Black Market, Reaches ₦72,500.00 - ₦74,000.00 for 50 US Dollars
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#f4e83713 ver:1.8
The Nigerian naira continues to depreciate in the black market, reaching ₦72,500.00 - ₦74,000.00 for 50 US dollars. The naira also weakened against the Pound Sterling and Euro, while Bitcoin and other digital currencies experienced a bearish market. The naira's depreciation in May was 5.6% against the US dollar. Despite improved liquidity and restrictions on Bureau de Change activities, the naira faces pressure in the foreign exchange market. The black market exchange rate for $100 to naira is ₦146,800 for buying and ₦148,500 for selling. #NairaDepreciation #ForeignExchangeMarket #BlackMarketRate...
#newstr #Naira #ForeignExchangeMarket #BlackMarket #Usd #Depreciation #DigitalCurrencies #StockMarket #ExchangeRate
https://here.news/story/f4e83713?ver=1.8
Naira Depreciates Further in Black Market, Reaches ₦72,500.00 - ₦74,000.00 for 50 US Dollars
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#f4e83713 ver:1.79
The Nigerian naira continues to depreciate in the black market, reaching ₦72,500.00 - ₦74,000.00 for 50 US dollars. The naira also weakened against the Pound Sterling and Euro, while Bitcoin and other digital currencies experienced a bearish market. The naira's depreciation in May was 5.6% against the US dollar. Despite improved liquidity and restrictions on Bureau de Change activities, the naira faces pressure in the foreign exchange market. The black market exchange rate for $100 to naira is ₦146,800 for buying and ₦148,500 for selling. #NairaDepreciation #ForeignExchange #BlackMarket...
#newstr #Naira #Usd #BlackMarket #ExchangeRates #ForeignExchangeMarket #DigitalCurrencies #StockMarket
https://here.news/story/f4e83713?ver=1.79
Naira Loses 0.08% at Official Market, Continues to Face Pressure in Foreign Exchange Market
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#f4e83713 ver:1.77
The Nigerian naira continues to face pressure in the foreign exchange market, losing 0.08% in May. The naira weakened against the US dollar, Pound Sterling, and Euro, while Bitcoin and other digital currencies also experienced a bearish market. The country's foreign exchange transactions decreased, and the NASD OTC Securities Exchange ended the month negatively. The CBN Governor attributed the volatility to seasonal demand. #Naira #ForexMarket #Economy...
#newstr #Naira #ForeignExchange #StockMarket #DigitalCurrencies #OilPrices #TaxReforms
https://here.news/story/f4e83713?ver=1.77
Naira Depreciates in Official and Parallel Markets, Ending 4-Day Winning Streak
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#f4e83713 ver:1.75
The Nigerian naira has ended its four-day winning streak, depreciating against the dollar in both the official and parallel markets. In the official market, the naira fell by 1.55% to N1,485.66 per dollar, while in the parallel market, it lost N10 and traded at N1,510 per dollar. Increased trading volume and speculation are cited as reasons for the decline. #NairaDepreciation #ForeignExchangeMarket...
#newstr #Naira #ExchangeRate #OfficialMarket #ParallelMarket #AbokiDollar #BlackMarket
https://here.news/story/f4e83713?ver=1.75
Naira Depreciates in Official and Parallel Markets, Ending 4-Day Winning Streak
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#f4e83713 ver:1.73
The Nigerian naira has ended its four-day winning streak and depreciated against the dollar in both the official and parallel markets. In the official market, the naira depreciated by 1.55% to trade at N1,485.66 per dollar, while in the parallel market, it lost N10 and traded at N1,510 per dollar. The decline is attributed to increased trading volume and speculative activities in the foreign exchange market. #NairaDepreciation #ForeignExchangeMarket...
#newstr #Naira #Usd #ExchangeRate #OfficialMarket #ParallelMarket #BlackMarket
https://here.news/story/f4e83713?ver=1.73
Naira Depreciates in Official and Parallel Markets, Ending 4-Day Winning Streak
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#f4e83713 ver:1.71
The Nigerian naira has ended its four-day winning streak, depreciating against the dollar in both the official and parallel markets. In the official market, the naira depreciated by 1.55% to trade at N1,485.66 per dollar, while in the parallel market, it lost N10 and traded at N1,510 per dollar. The decline is due to increased trading volume and speculative activities in the foreign exchange market. #NairaDepreciation #ForeignExchangeMarket...
#newstr #Naira #Usd #ExchangeRate #OfficialMarket #ParallelMarket #BlackMarket
https://here.news/story/f4e83713?ver=1.71
Naira Depreciates in Official and Parallel Markets, Ending 4-Day Winning Streak
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#f4e83713 ver:1.7
The Nigerian naira has ended its four-day winning streak, depreciating against the dollar in both the official and parallel markets. In the official market, the naira fell by 1.55% to trade at N1,485.66 per dollar, while in the parallel market, it lost N10 and traded at N1,510 per dollar. The decline is due to increased trading volume and speculative activities in the foreign exchange market. #NairaDepreciation #ForeignExchangeMarket...
#newstr #NigerianCurrency #ForeignExchangeMarket #NairaDepreciation #DollarExchangeRate
https://here.news/story/f4e83713?ver=1.7
CBN Explains Naira Depreciation in Forex Markets and Implements Measures to Stabilize the Currency
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#f4e83713 ver:1.69
The CBN explains Naira depreciation due to increased seasonal demand for forex. Despite poor performance, CBN remains committed to market-determined exchange rate. Measures taken to stabilize Naira include targeting BDC operators and updating regulations. Removal of caution deposit for tier-1 BDC license holders. BYBIT and BITGET identified as threats to Naira. #CBN #NairaDepreciation #ForexMarkets #StabilizeCurrency...
#newstr #Cbn #Naira #ForexMarkets #Depreciation #BureauDeChangeOperators #CryptoExchangePlatforms
https://here.news/story/f4e83713?ver=1.69
Naira Appreciates Against US Dollar, Pound, and Euro in All Forex Markets
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#f4e83713 ver:1.68
The Naira has appreciated against the US dollar, pound sterling, and euro in all forex markets, indicating increased confidence and attracting foreign investors. The Central Bank of Nigeria's efforts to sanitize the forex market and increase foreign exchange supply have contributed to this positive performance. The discontinuation of daily CRR debits for banks will streamline operations and enhance transparency. #NairaAppreciation #ForexMarket #CBN #EconomicGrowth...
#newstr #Naira #ExchangeRate #ForexMarket #CentralBankOfNigeria #CurrencyAppreciation
https://here.news/story/f4e83713?ver=1.68
Naira Appreciates Against US Dollar in Official and Parallel Markets, Black Market Rates Remain High
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#f4e83713 ver:1.67
The Nigerian Naira has appreciated against the US dollar in both the official and parallel markets, but black market rates remain high. The Naira traded at N1,497.33 per dollar in the official market and N1,450 per dollar in the parallel market. The decline in foreign exchange turnover may be due to the Naira's appreciation, reducing demand. The Naira also gained against the Pound Sterling and Euro but weakened against the Dollar. The black market exchange rate for $100 to Naira is ₦147,000 for buying and ₦152,000 for selling. #NairaAppreciation #ForeignExchange #BlackMarketRates...
#newstr #NigerianCurrency #ForeignExchangeMarkets #Naira #UsDollar #CentralBankOfNigeria #Inflation #Cryptocurrency #BlackMarketRates
https://here.news/story/f4e83713?ver=1.67
Naira Appreciates Against US Dollar in Official and Parallel Markets, Black Market Rates Remain High
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#f4e83713 ver:1.64
The Nigerian Naira has appreciated against the US dollar in both official and parallel markets, with rates of N1,497.33 and N1,450 per dollar respectively. This comes after a period of decline and is attributed to the Central Bank of Nigeria's policies. The foreign exchange turnover has declined by 69.4%, possibly due to reduced demand. The Naira also gained in the parallel market, trading at N1,480 per dollar. However, the exchange rate remains volatile, highlighting the impact of the foreign exchange market on the Naira's value. #NairaAppreciation #ForeignExchangeMarket...
#newstr #Naira #UsDollar #ForeignExchangeMarkets #BlackMarketRates #CentralBankOfNigeria(cbn) #Cryptocurrency #Inflation
https://here.news/story/f4e83713?ver=1.64
Naira Appreciates Against US Dollar in Official and Parallel Markets
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#f4e83713 ver:1.62
The Nigerian Naira has appreciated against the US dollar in both the official and parallel markets, after a period of decline. In the official market, traders exchanged a dollar for N1,497.33, while in the parallel market, the Naira traded at N1,450 per dollar. The Naira's strength is attributed to the Central Bank of Nigeria's policies. The decline in foreign exchange turnover may be due to reduced demand for foreign exchange as the Naira strengthens. #NairaAppreciation #ForeignExchange...
#newstr #NigerianCurrency #ForeignExchangeMarkets #Naira #UsDollar #CentralBankOfNigeria #Cbn
https://here.news/story/f4e83713?ver=1.62
Naira Continues to Decline Despite Falling US Dollar Index
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#f4e83713 ver:1.61
Despite falling US dollar index, the Nigerian Naira continues to decline, reaching a new low of 1,540 per dollar on the parallel market. Bureau de Change operators blame insufficient forex allocation from the CBN. Financial expert predicts Naira to reach 2,000 per dollar by year-end. Concerns rise over impact on economy and purchasing power. Standard Bank predicts influx of capital in second half of the year. Aliko Dangote's net worth drops due to Naira's poor performance. Black market exchange rate for 50 USD to Naira is ₦73,500.00 - ₦76,000.00. #Naira #Forex #Economy...
#newstr #NigerianNaira #ForeignExchangeMarket #CentralBankOfNigeria #BureauDeChange #MauriceIbeh #StandardBank #AlikoDangote #NetWorth #DangoteCement #DangoteSugar
https://here.news/story/f4e83713?ver=1.61
Naira Continues to Decline Despite Falling US Dollar Index
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#f4e83713 ver:1.6
Despite falling US dollar index, the Nigerian Naira continues to decline, reaching a new low of 1,540 per dollar. Lack of forex sales to BDC operators by the CBN is blamed for the depreciation. Financial experts predict Naira could reach 2,000 per dollar by year-end. Concerns rise over impact on economy and purchasing power. Standard Bank expects influx of capital in H2 2024 to stabilize Naira. Aliko Dangote's net worth drops due to Naira's poor performance. #Naira #Forex #CBN #Economy...
#newstr #Naira #UsDollar #ForeignExchangeMarket #OilProduction #Cbn #InterestRates #TekExperts #Cytek #Elev8Tek #Teknowledge
https://here.news/story/f4e83713?ver=1.6
Naira Continues to Fall as Africa's Largest Bank Predicts FX Rate for 2024
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#f4e83713 ver:1.59
The Nigerian Naira continues to fall, reaching N1,478.11 per dollar in the official market and N1,520 per dollar in the parallel market. Financial experts predict it could reach N2,000 per dollar by year-end without intervention. The lack of foreign exchange sales to BDC operators by the CBN is blamed for the depreciation. Africa's richest man, Aliko Dangote, has seen his net worth drop by KSh 339.4 billion due to the poor performance of the Naira. Standard Bank predicts a capital influx in H2 2021 that could stabilize the currency. Concerns about the Nigerian economy and purchasing power are rising. #Naira #Forex #CBN #Economy...
#newstr #Naira #ForeignExchange #CentralBankOfNigeria #BureauDeChange #Currency
https://here.news/story/f4e83713?ver=1.59
Depreciation of Nigerian Naira Causes Aliko Dangote to Lose KSh 339b
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#f4e83713 ver:1.58
Africa's richest man, Aliko Dangote, loses KSh 339.4 billion due to depreciation of Nigerian Naira. The decline in Dangote's wealth is attributed to poor performance of the Naira against the US dollar, reversing his yearly gains in months. The impact of the election year and policy changes also contribute to the decline. #AlikoDangote #NigerianNaira #WealthLoss...
#newstr #NigerianNaira #ForeignExchangeMarket #CentralBankOfNigeria #BureauDeChange #ForexTurnover #PeterObi #EconomicAndFinancialCrimesCommission #UsDollar #MajorCurrencies #UsInflation #AlikoDangote #NetWorth #DangoteCement #DangoteSugar #NasconAlliedIndustries #UnitedBankForAfrica #DangoteFertilizer #ElectionYear #PolicyChanges #FinancialResults
https://here.news/story/f4e83713?ver=1.58
Naira Weakens to 7-Week Low as U.S. Inflation Data Influences Market
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#f4e83713 ver:1.57
The Nigerian Naira continues to weaken against the US Dollar, reaching a 7-week low. Lack of interventions by the Central Bank of Nigeria and increased demand for foreign currency are contributing factors. The depreciation of the Naira affects purchasing power, inflation, and the overall economy. Measures are being implemented to stabilize the exchange rate. The US inflation data will influence the market and may lead to interest rate cuts. The US economy is still fragile, and caution is advised. #Naira #Forex #Inflation #Economy...
#newstr #NigerianNaira #ForeignExchangeMarket #CentralBankOfNigeria #BureauDeChange #ForexTurnover #PeterObi #EconomicAndFinancialCrimesCommission #UsDollar #MajorCurrencies #UsInflation
https://here.news/story/f4e83713?ver=1.57
Naira Continues to Weaken Against US Dollar as Concerns Grow
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#f4e83713 ver:1.56
The Nigerian Naira continues to weaken against the US Dollar, raising concerns about purchasing power, inflation, and the overall economy. Lack of interventions by the Central Bank of Nigeria and increased demand for foreign currency are contributing factors. The gap between official and black market rates narrows as the Naira depreciates further. Measures are being implemented to stabilize the exchange rate and prevent further devaluation. The recent losses make the Naira one of the worst-performing currencies globally, causing concerns for businesses and individuals. #Naira #Forex #Economy...
#newstr #Naira #UsDollar #ExchangeRate #ForeignExchangeMarket #CentralBankOfNigeria
https://here.news/story/f4e83713?ver=1.56
Naira Weakens Further in Both Official and Parallel Markets
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#f4e83713 ver:1.54
The Nigerian Naira continues to weaken in both official and parallel markets due to lack of interventions by the Central Bank of Nigeria (CBN) and increased demand for foreign currency. This depreciation affects purchasing power, inflation, and the overall economy. The Naira has become one of the worst-performing currencies globally. Efforts by the CBN and the Economic and Financial Crimes Commission (EFCC) aim to stabilize the exchange rate and prevent further devaluation. Fluctuations in the forex market are influenced by economic and geopolitical factors. #Naira #Forex #CBN #Economy...
#newstr #Naira #ForeignExchangeMarket #CurrencyExchangeRate #NigerianCurrency #NigerianAutonomousForeignExchangeMarket
https://here.news/story/f4e83713?ver=1.54
Naira Continues to Depreciate Against US Dollar in Both Parallel and Official Markets
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#f4e83713 ver:1.53
The Nigerian Naira continues to depreciate against the US Dollar in both the official and parallel markets, impacting purchasing power and the overall economy. Lack of interventions by the Central Bank of Nigeria and increased demand for foreign currency are contributing factors. Efforts are being made to stabilize the exchange rate, but concerns remain. The US Dollar remains strong globally, further affecting the Naira's value. Fluctuations in the forex market are influenced by economic and geopolitical factors. #NairaDepreciation #ForexMarket #EconomicImpact...
#newstr #NigerianNaira #ForeignExchangeMarket #CentralBankOfNigeria #BureauDeChange #ForexTurnover #PeterObi #EconomicAndFinancialCrimesCommission #UsDollar #MajorCurrencies
https://here.news/story/f4e83713?ver=1.53
Naira Continues to Depreciate Against US Dollar in Both Parallel and Official Markets
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#f4e83713 ver:1.52
The Nigerian Naira continues to weaken against the US Dollar in both the official and parallel markets, due to lack of interventions by the Central Bank of Nigeria. This depreciation raises concerns about purchasing power and inflation. The government has implemented reforms to stabilize the exchange rate, but the Naira's value remains a cause for concern. #Naira #Forex #CBN #Depreciation...
#newstr #NigerianNaira #ForeignExchangeMarket #CentralBankOfNigeria #BureauDeChange #ForexTurnover #PeterObi #EconomicAndFinancialCrimesCommission #ExchangeRate #BlackMarket
https://here.news/story/f4e83713?ver=1.52
Naira Weakens Further Amid Falling US Dollar Index and Lack of Interventions by Central Bank of Nigeria
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#f4e83713 ver:1.49
The Nigerian Naira continues to weaken due to lack of interventions by the Central Bank of Nigeria, with the US dollar trading at N1,421 per dollar in the official market and N1,450 per dollar in the parallel market. The decline in Naira value is also reflected in the Nigerian Autonomous Foreign Exchange Market, where forex turnover dropped by 37.4% in April. The weakening Naira affects purchasing power and has implications for inflation and the overall economy. Meanwhile, the US dollar strengthens globally, with investors looking to the April non-farm payrolls report for potential changes in interest rates. #Naira #Forex #Economy...
#newstr #NigerianNaira #ForeignExchangeMarket #CentralBankOfNigeria #BureauDeChange #ForexTurnover #PeterObi #UsDollarIndex
https://here.news/story/f4e83713?ver=1.49
Naira Weakens Further as Lack of Interventions by Central Bank of Nigeria Affects Forex Market
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#f4e83713 ver:1.47
The Naira weakens further due to lack of interventions by the Central Bank of Nigeria, affecting the forex market. The Naira depreciates in both the official and parallel markets, leading to increased demand and liquidity squeeze. This decline in value has implications for inflation and the overall economy. Meanwhile, the US dollar continues to strengthen globally despite weaker-than-expected jobs report. Concerns are raised about the latest changes in the exchange rate, and actions are advised to help the Naira recover. #Naira #Forex #CBN #Economy...
#newstr #Naira #UsDollar #ExchangeRate #Depreciation #PeterObi
https://here.news/story/f4e83713?ver=1.47
Naira Loses Ground in Black Market as US Dollar Strengthens
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#f4e83713 ver:1.45
The Naira has weakened in the black market against the US dollar, while strengthening in the official market. The Securities and Exchange Commission plans to delist the Naira from cryptocurrency platforms to address manipulation. Despite this, the US dollar continues to strengthen, with the US dollar index rising. Economic insights will be closely watched for further developments. #Naira #USdollar #cryptocurrency #economy...
#newstr #Naira #UsDollar #BlackMarket #Cryptocurrency #FederalReserve
https://here.news/story/f4e83713?ver=1.45
Nigerian Naira Appreciates to N1,400/$1 at Official Market Despite Concerns over Policy Momentum
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#f4e83713 ver:1.43
The Nigerian Naira appreciates to N1,400/$1 at the official market, but concerns over policy momentum persist. The Naira also depreciates against the Pound Sterling. Cryptocurrencies surge, while the US Nonfarm Payrolls report falls short. The black market exchange rate for USD to Naira is ₦69,000.00 to ₦70,500.00. Nigerian banks determine their exchange rates based on various factors. #Naira #Forex #Cryptocurrency #Economy...
#newstr #NigerianNaira #ForeignExchangeMarket #Appreciation #PolicyMomentum #CentralBankOfNigeria #Cryptocurrencies #Bitcoin #Ethereum #UsEconomy #NonfarmPayrolls
https://here.news/story/f4e83713?ver=1.43
Naira Appreciates to N1,400/$1 at Official Market Despite Concerns over Policy Momentum
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#f4e83713 ver:1.42
Despite concerns over policy momentum, the Nigerian Naira has appreciated to N1,400/$1 at the official market. However, the currency has depreciated against the Pound Sterling. Market analysts are worried about the overall stability of the Naira. Meanwhile, cryptocurrencies like Bitcoin and Ethereum have seen a surge. The black market exchange rate for 50 US dollars is ₦69,000.00 to ₦70,500.00 in Nigeria. #Naira #Forex #Cryptocurrency...
#newstr #NigerianNaira #ForeignExchangeMarket #Appreciation #PolicyMomentum #CentralBankOfNigeria #Cryptocurrencies #Bitcoin #Ethereum #UsEconomy #NonfarmPayrolls
https://here.news/story/f4e83713?ver=1.42
Naira Trades at Lowest Level Amid Falling U.S. Dollar Index
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#f4e83713 ver:1.4
The Nigerian Naira is trading at its lowest level against the US dollar, surpassing N1,400, despite the falling US dollar index. This depreciation is due to the Naira's inability to capitalize on the situation, as Federal Reserve Chair Jerome Powell ruled out an interest rate increase. Investors are now awaiting the April non-farm payrolls report to see if the Fed will change its stance on interest rates, which could impact the US dollar index. #Naira #USdollar #FederalReserve #interestrates...
#newstr #Naira #UsDollarIndex #ForeignExchangeMarket #FederalReserve #InterestRates
https://here.news/story/f4e83713?ver=1.4
Naira Hits Lowest Mark in All Markets Since March as Banks Sell Dollar at New Rates
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#f4e83713 ver:1.38
The Nigerian Naira hits its lowest point since March as banks sell dollars at new rates. The Naira is now trading at N1,419 per dollar in the official market and N1,340 per dollar in the parallel market. The depreciation may be due to speculators and the relaxation of the Central Bank of Nigeria's monitoring. The Association of Bureau de Change Operators plans to establish a unified retail end foreign exchange market to enhance transparency. Several banks have already started selling dollars at new rates. #NairaDepreciation #ForexMarket #CBN #Banks #Transparency...
#newstr #Naira #ForeignExchangeMarket #Depreciation #Banks #Dollar #Speculators #Cbn #BureauDeChange #FxMarket
https://here.news/story/f4e83713?ver=1.38
Naira Exchanges at Four Different Rates Against US Dollar as CBN Fights Back
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#f4e83713 ver:1.37
The Nigerian Naira is being exchanged at four different rates against the US dollar, with the Central Bank of Nigeria (CBN) selling dollars to stabilize the currency. The official rate is N1,339.23/$1, the black market rate is N1,356/$1, fintech apps price it at N1,510/$1, and some banks offer rates as low as N1,100/$1. The CBN has set a new exchange rate of N1164.843 per dollar for customs import duties. The naira has depreciated against the dollar but appreciated against the British Pound and Euro. The Senate is concerned and working on policies to address the root causes of naira depreciation. The Association of Bureau De Change Operators plans to establish a unified FX retail market for transparency and real price discovery. #Naira #CBN #ForeignExchange #CurrencyDepreciation...
#newstr #Naira #UsDollar #ExchangeRates #CentralBankOfNigeria #ForeignExchangeMarket #BureauDeChange #OfficialMarket #BlackMarket #LicensedBdcOperators #FintechApps #ChipperCash #Banks #UkbasedFinancialInstitutions #GoldmanSachs #StandardChartered
https://here.news/story/f4e83713?ver=1.37
Naira Loses 2.2% at Official Market, Trades N1,339/$1
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#f4e83713 ver:1.31
The Nigerian naira has depreciated by 2.2% against the US dollar in the official market, trading at N1,339/$1. The naira also gained against the British Pound and Euro. The black market saw a slight appreciation, selling at N1,400/$1. The spot market witnessed a decrease in foreign exchange trades. Cryptocurrencies like Solana, Cardano, and Dogecoin lost value. The LCCI called for increased productivity in the solid minerals sector. Nigeria and Japan signed an MoU on rice seeds production. The naira's depreciation persists despite efforts by the Central Bank of Nigeria. The strengthening US dollar and tensions in the Middle East contribute to the depreciation. The IMF warns of negative effects on emerging economies. The CBN's measures have not prevented the naira's depreciation. #Naira #Forex #Cryptocurrency #Economy...
#newstr #Naira #ForeignExchange #Cryptocurrency #CrudeOil #LagosChamberOfCommerceAndIndustry #Nigeriajapan
https://here.news/story/f4e83713?ver=1.31
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