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Naira gains on USD, trades...

Naira gains on USD, trades at ₦1,484/$...

Naira weakens again due to...

Naira weakens again due to dollar shortage,...

Naira gains on USD, trades at ₦1,484/$ as inflation eases

Naira gains on USD, trades at ₦1,484/$ as inflation eases Story by Martha Gwary The naira strengthened further against the United States dollar on Tuesday, ahead of a key interest rate decision by the US Federal Reserve later in the day. At the official foreign exchange (FX) market, the dollar fell to ₦1,484.13, improving from Monday’s closing rate of ₦1,497.5/$, a gain of ₦13. In the parallel (black) market in Lagos, Nigeria’s financial hub, the naira traded between ₦1,520/$ and ₦1,530/$ in mid-week transactions. READ ALSO: Naira Strengthens: Hits 5-month peak as FX market shows...
Salim Sani -
Business & Economy

Naira hits ₦1,640...

Naira hits ₦1,640 per dollar in parallel market The naira has depreciated to ₦1,640 per dollar in the parallel market from N1,650 per dollar this...
Hafsat Aleeyu Muye -
Finance

CBN sells $20,000...

CBN sells $20,000 to Bureau De change at new rate as naira falls Story from Jane AISO The Central Bank of Nigeria (CBN) has announced it...
Usman Umar -
Business & Economy

Dollar to naira...

Dollar to naira exchange rate hits N1614 at parallel market The US dollar to naira exchange rate at the black market now sells at N1614...
Hafsat Aleeyu Muye -
Columns

An indolent labour union and matters...

An indolent labour union and matters arising, by Hassan Gimba The Arbiter  For the past four years, I have been insisting that our problem and even need now is...
Gift Luckson -
Nation

FG seals popular...

FG seals popular Abuja supermarket, 4U, over unfair prices Th Federal Competition and Consumer Protection Commission (FCCPC) has sealed popular 4U Supermarket formally known as...
Neptune Prime -
News

FCCPC to prosecute...

FCCPC to prosecute business owners increasing prices of items The Federal Competition and Consumer Protection Commission (FCCPC) has taken measures to prevent business owners from...
Neptune Prime -
Business & Economy

CBN prohibits use...

CBN prohibits use of foreign currencies as loan collateral The Central Bank of Nigeria (CBN) has directed all banks in Nigeria to stop using foreign...
Neptune Prime -
Columns

El-Rufai and the...

El-Rufai and the short trek to posterity, by Hassan Gimba The Arbiter  The chickens, the saying goes, always come home to roost. But some people would...
Neptune Prime -
Business & Economy

Naira strengthens in...

Naira strengthens in both official, parallel markets The Naira has on Tuesday, made a significant gains, rising to N1,270 per dollar at the parallel market...
Neptune Prime -
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