Tag
NAIRA
The official market observed a modest increase in the value of the Naira against the dollar, concluding at N1,597.24 to $1, marking a 0.34% enhancement from the prior closing figure of N1,602.75 to $1 from the preceding week's end.
The official market witnessed a slight depreciation in the Naira-dollar exchange rate, closing at N1,615.94 to $1, a 0.78% decrease.
Nigeria is pushing Binance, a cryptocurrency exchange for information on its top 100 users in the country, as well as all transaction history for the past six months.
The official market witnessed a slight gain in the value of the Naira against the US Dollar, reversing the downward trend of the previous two days.
The Naira reversed course yesterday, falling at the official window after rising for four days in a row despite the weakening of the US dollar.
The parallel market exchange rate has experienced a substantial decline, reaching a low point of N2050 per Great...
The Naira exhibited a positive trend against the US Dollar in the official market, concluding the week at N1,548.25/$1.
The U.S. dollar index was on track for its first weekly fall in 2024 while the naira appreciated at the official and black market.
A few days ago, I found myself pondering over the perplexing question: "How did the Naira transform into a cryptocurrency?"
The official exchange rate between the naira and the US dollar on Wednesday, February 28th, 2024, appreciated slightly by 0.4% to N1609.51 per US dollar as against the N1615 to a dollar recorded the previous day, according to data published on the FMDQ where forex is officially sold.
Binance, a widely used crypt exchange with over 170 million users worldwide disabled its peer-to-peer feature for Nigerian users.
The NGX's most recent earnings results reveal that PZ Cussons and Nigerian Breweries, among other blue-chip brands, FX exposures cost the blue-chip companies a substantial sum of money.