Naira settles unchanged in black market, gains ₦11.77 at official forex market.
naira exchange rate
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Nigeria’s naira shows stability trading between N1,476 and N1,485 against the dollar due to low dollar demand.
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Amid a nationwide labor strike, Nigeria’s financial markets have taken a hard hit, losing N141 billion in just two days, exacerbating the economic challenges faced by Africa’s second-largest economy.
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Following the Naira’s improvement, NERC has lowered electricity tariffs for Band A customers, promising reduced bills and consistent power supply.
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Nigerians face persistently high prices despite the strengthening naira, urging government intervention for relief.
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The Central Bank of Nigeria (CBN) reported a positive development in the country’s economic landscape. A statement released by the bank’s acting Director of Corporate Communications, Mrs. Sidi Ali, revealed …
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Business
How Nigeria’s Forex Crisis Could Be Solved by Cutting Down BDCs, Says Presidential Adviser
According to Tope Fasua, the Special Adviser to the President on Economic Affairs, Nigeria’s foreign exchange market desperately needs structural reforms. He has proposed that the Central Bank of Nigeria …
