FX rate for customs duty collection rises to N1457/$, highest in six weeks
The exchange rate for import duties collection by the Nigerian Customs Service (NCS) has risen to the highest just over ...
Tag: Naira depreciation
Cost of making jollof rice nearly ticks N17000, increased the most in Onitsha – Report
The average cost of making jollof rice across major cities in Nigeria nearly hit the N17,000 mark as of March ...
Nigeria’s imported food inflation jumps to 29.8% as naira depreciation triggers record high rate
Imported food inflation in Nigeria rose to its highest level, reaching 29.8% in February 2024 from 26.3% recorded in the ...
Naira depreciation: Analysts offer strategies for volatility mitigationÂ
Financial analysts are advocating for a policy re-evaluation to safeguard the Nigerian Naira amid escalating forex rates, despite efforts by ...
Naira depreciation: NEPC says solution remains improved non-oil exportsÂ
The improved export of Non-oil exports remains the solution to the recent depreciation of the Naira against the dollar.Â
NGX Group boosts revenue from transaction fees, treasury investment income
The revenue was enhanced on the back of transaction fees and treasury investment income despite inflationary pressure
Rising global inflation rate, growth in US Economy could trigger further depreciation of the naira
Russia’s Central Bank recently laid out a recipe for what could trigger the next financial crisis for emerging countries like ...
Naira weakens across forex markets despite significant rise in dollar supply by 81%
Friday, 6th August 2021:  The exchange rate between the naira and the US dollar closed at N411.50/$1 at the official Investors and ...
Fund managers offer dollar mutual funds as hedge against inflation, naira depreciation
Fund managers are taking advantage of the rising demand for dollar-based investments to sell dollar-based mutual funds targeted at retail ...
Naira falls at black market as CBN formally adjusts official rate
Naira depreciated against the US dollar on Tuesday at the official NAFEX window to close at N411.56 to a dollar.
