Friday, April 26, 2024
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Tag "naira"

Make radical changes in sourcing FX for the economy, ABCON advises CBN

    Make radical changes in sourcing FX for the economy, ABCON advises CBN

The Association of Bureau De Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to undergo a paradigm shift in sourcing foreign exchange for the economy.

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Naira strengthens at parallel market, depreciates in official window

    Naira strengthens at parallel market, depreciates in official window

The naira, on Friday, appreciated to N1,470 per dollar at the parallel section of the market. The current FX rate is a 2 percent increase from the N1,500 recorded on

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Tinubu to Nigerians: Patronise locally made products to strengthen naira

    Tinubu to Nigerians: Patronise locally made products to strengthen naira

President Bola Tinubu has urged Nigerians to imbibe the culture of purchasing Nigerian products across all value chains to strengthen the naira. Ajuri Ngelale, special adviser to the president on

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Naira appreciates to N1,500/$ at parallel market

    Naira appreciates to N1,500/$ at parallel market

The naira, on Wednesday, appreciated to N1,500 per dollar at the parallel section of the foreign exchange (FX) market. The currency appreciated by a 6.25 percent gain from N1,600 recorded

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Naira appreciates to N1,572/$ at official window, marginally declines at parallel market

  Naira appreciates to N1,572/$ at official window, marginally declines at parallel market

The naira, on Monday, depreciated to N1,610 against the dollar at the parallel section of the foreign exchange (FX) market.

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Naira gains at parallel market, trades at N1,600/$

  Naira gains at parallel market, trades at N1,600/$

The naira, on Monday, appreciated to N1,600 per dollar at the parallel section of the foreign exchange (FX) market. It

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Goldman Sachs: Naira will appreciate to N1,200/$ in 12 months

  Goldman Sachs: Naira will appreciate to N1,200/$ in 12 months

Goldman Sachs says the naira will appreciate to N1,200 against the dollars in the next twelve months. The financial institution

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Naira depreciates further to N1,620/$ at parallel market

  Naira depreciates further to N1,620/$ at parallel market

The naira, on Friday, depreciated further to N1,620 against the dollar at the parallel section of the foreign exchange (FX) market.

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Reps call for review of 2024 budget projections over naira devaluation

  Reps call for review of 2024 budget projections over naira devaluation

The house of representatives has called for a review of the 2024 budget projections owing to the free fall of

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‘Transformation takes time’ — Tony Elumelu says Nigeria on track to stabilise economy

  ‘Transformation takes time’ — Tony Elumelu says Nigeria on track to stabilise economy

Tony Elumelu, chairman of the United Bank for Africa (UBA), says he believes the naira will appreciate against the dollar, expressing

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