Monday, April 29, 2024
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Tag "dollar"

FAKE NEWS ALERT: CBN denies ‘policy’ to crash exchange rate to N1.25/$

    FAKE NEWS ALERT: CBN denies ‘policy’ to crash exchange rate to N1.25/$

The Central Bank of Nigeria (CBN) says it is not planning to introduce a new naira policy that will crash the dollar exchange rate to N1.25 kobo. On Wednesday, a

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Here is what the return of BDCs means for the naira

    Here is what the return of BDCs means for the naira

As I like to say, Nigeria is on autoreplay; what happened 10 years ago also happened four years ago, and will also resurface tomorrow. Round and round, the naira story

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CBN releases fresh guidelines for forex sale by BDCs — 25 months after ‘ban’

    CBN releases fresh guidelines for forex sale by BDCs — 25 months after ‘ban’

The Central Bank of Nigeria (CBN) has released fresh operational mechanisms for the sale of forex by Bureau De Change (BDCs) operators within the country.  This is coming 25 months

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Naira float: How to stop the local currency from drowning us all

    Naira float: How to stop the local currency from drowning us all

Resolved. There are smarter people in government than ‘Mayowa Tijani; these people have the answers to the economic challenges the country is facing, they have the numbers up-to-the-minute to make

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Naira gains marginally, trades N741/$ at I&E window

  Naira gains marginally, trades N741/$ at I&E window

The naira, on Monday, closed at N741.50 per dollar at the investors and exporters (I&E) window. The foreign exchange (FX)

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Why do we still have multiple naira-dollar exchange rates?

  Why do we still have multiple naira-dollar exchange rates?

As of Monday night, the Central Bank of Nigeria (CBN) was quoting 589.45 naira per dollar on its website. At

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I&E window: $78m FX deals recorded as naira closes at 770/$

  I&E window: $78m FX deals recorded as naira closes at 770/$

Nigeria’s legal tender, the naira, closed at N770 per dollar at the investors and exporters (I&E) window on Monday, beginning

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Naira appreciates, closes at 663/$ at I&E window

  Naira appreciates, closes at 663/$ at I&E window

The Nigerian naira has closed at N663 to the dollar at the Investors and Exporters (I&E) window after what has

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Naira hits 791/$, then closes at 702/$ — 24 hours after float

  Naira hits 791/$, then closes at 702/$ — 24 hours after float

The Nigerian naira traded as high as 790 to the dollar at the investors and exporters (I&E) window on Thursday

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EXPLAINER: What does the naira float mean for you, your business?

  EXPLAINER: What does the naira float mean for you, your business?

On Wednesday, the Nigerian currency traded for N755 to the dollar at the investors and exporters (I&E) window, following a

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