Friday, April 26, 2024
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Tag "naira"

Naira depreciates in parallel market, official window

    Naira depreciates in parallel market, official window

The naira depreciated to N1,320 per dollar at the parallel section of the foreign exchange (FX) market on Friday. The current FX rate signifies a decline of 1.54 percent from

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ACCI to FG: Develop policies to drive industrialisation, strengthen naira

    ACCI to FG: Develop policies to drive industrialisation, strengthen naira

The Abuja Chamber of Commerce and Industry (ACCI) has asked the federal government to develop policies that will drive industrialisation, strengthen the naira and foster economic growth in Nigeria. Emeka

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Naira falls to N1,300/$ at parallel market

    Naira falls to N1,300/$ at parallel market

The naira, on Wednesday, depreciated to N1,300 per dollar at the parallel section of the foreign exchange (FX) market. The current FX rate signifies a 3.17 percent drop from the

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Shettima: Petrol subsidy, multiple exchange rates were producing billionaires overnight

    Shettima: Petrol subsidy, multiple exchange rates were producing billionaires overnight

Vice-President Kashim Shettima says President Bola Tinubu ended petrol subsidy and multiple exchange rates in the official market because they were producing billionaires overnight. Shettima spoke during a courtesy visit

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Naira ends rally at parallel market, depreciates to N1,230/$

  Naira ends rally at parallel market, depreciates to N1,230/$

The naira reversed the appreciation trend at the parallel section of the foreign exchange market on Friday. The local currency

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Cardoso: Declining FX reserves not linked to defending naira… debts are being repaid

  Cardoso: Declining FX reserves not linked to defending naira… debts are being repaid

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the recovery of the naira has little or nothing

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Gap between parallel, official FX rates drops to N22 as naira extends gains

  Gap between parallel, official FX rates drops to N22 as naira extends gains

The naira, on Wednesday, appreciated to N1,050 at the parallel section of the foreign exchange (FX) market. The current FX

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Nigeria’s FX reserves drop to $32bn — lowest level in six years

  Nigeria’s FX reserves drop to $32bn — lowest level in six years

Nigeria’s foreign reserves fell to $32.29 billion on April 15 — the lowest level in over six years.  According to

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Tinubu’s economic policies will strengthen naira, says Omokri

  Tinubu’s economic policies will strengthen naira, says Omokri

Reno Omokri, former presidential aide, has commended the monetary policies of the President Bola Tinubu administration. Omokri, in a post

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Report: NUPRC asks oil producers to meet local supply obligations before exporting

  Report: NUPRC asks oil producers to meet local supply obligations before exporting

The Nigerian Upstream Regulatory Commission (NUPRC) has issued new rules requiring oil producers to sell crude to domestic refineries before

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