Naira gain against U.S dollar boosts Dangote’s wealth to $15.3 billion
Dangote's fortune had gone through a turbulent era before its current boom, which represents a substantial turnaround for the company.
Tag: Exchange Rate
Exchange rate post best gain in 6 weeks, CBN policies paying off
The official exchange rate between the Naira and the Dollar strengthened to N1,431/$ on Friday, March 22, 2024, posting the ...
Bullish naira ignores the strong dollar
For the second week in a row, the dollar index has increased, rising 0.8 percent to 104.095 index points.
Naira strengthens to N1400/$ on the parallel market as speculators sell
The exchange rate of the naira to the USD has increase to N1400/$ on the parallel market marking a significant ...
Naira volatility: Nigeria requests Information from Binance on top 100 users
Nigeria is pushing Binance, a cryptocurrency exchange for information on its top 100 users in the country, as well as ...
Dangote, Lafarge, BUA Cement’s power cost gulp N598 billion in 2023 as inflation, exchange rate bites
Dangote Cement Plc, BUA Cement Plc, and Lafarge Africa Plc spent a whopping sum of N598.137 billion in fuel and ...
Why naira still trades above N2,000 against the Biritish pound at unofficial market
The British pound sterling is outperforming most of the world's currencies this year, including the naira, despite a hawkish CBN.
Naira appreciates as official exchange rate settles at N1,617.96/$1
In the official market, the naira exhibited a marginal strengthening against the US dollar, concluding at N1,617.96/$1.
CBN ‘lacks liquidity to support naira’ as derivative deals overwhelm FX reserves – EIU
The Central Bank of Nigeria (CBN) faces a significant liquidity crisis in supporting the naira, as nearly $20 billion of ...
“Naira looks Cheap”, to appreciate to N1,200/$1 – Goldman Sachs
In a recent report, Goldman Sachs analysts suggest the Naira "looks cheap" on a REER basis in a historical context.
