Archives Tag: dollar
6 Dollar Investment Apps to Protect Your Funds from Inflation in 2024
April 19, 2022
Over the past few years—and especially in recent months –Nigerians have watched in despair as the real value of their savings has plummeted. Battered by inflationary pressures and steep devaluations, the national currency is struggling (and failing) to stay stable. The costs of basic food items, clothing, housing and services are shooting through the … Continue reading 6 Dollar Investment Apps to Protect Your Funds from Inflation in 2024
Best Dollar Virtual Cards
April 19, 2022
Debit cards and credit cards whether virtual or physical are useful for making payments. However, It is not convenient to use a Nigerian Naira debit or credit card to make payments in dollars. Especially if it’s to pay for the services of international service providers like Amazon, Google, Facebook, Netflix, or Spotify. That is not … Continue reading Best Dollar Virtual Cards
Helpful Tips For Assessing Forex Movement
April 19, 2022
Forex trading markets are extremely busy, and can, as a result, seem to come down to moment-to-moment reactions. To some extent this is accurate. Forex traders often seek to profit on very small shifts in currency values, dealing in tiny quantities with significant leverage. Read more about Business In this sense, it is very much … Continue reading Helpful Tips For Assessing Forex Movement
By guestpost
CBN Adjusts Naira: Dollar Exchange Rate to ₦380 for $1
April 19, 2022
The Central Bank of Nigeria has revised the Naira-Dollar exchange rate for one of its forex windows. A dollar is now being sold for ₦380 at the Investors and Exporters (I & E) window of the country’s foreign exchange markets. The new regime replaces the previously existing rate of ₦360/$1. Read more about Business In … Continue reading CBN Adjusts Naira: Dollar Exchange Rate to ₦380 for $1
The Naira Current Value in the Market
April 19, 2022
The News Agency of Nigeria (NAN) reports that the Nigerian currency lost 20 kobo from N361 earlier traded before the Easter break. The naira also closed at N508 and N444 respectively against the Pound Sterling and the Euro. At the Bureau De Change (BDC) window, the naira traded at N362 to the dollar, Central Bank … Continue reading The Naira Current Value in the Market
By chidinmakalu
The CBN Wants to Eliminate the Currency Black Market
April 19, 2022
The Central bank of Nigeria has indicated that it plans to put an end to Nigeria’s thriving parallel currency market. Officials of the country’s apex bank say the institution will be moving against the black market to curb what they describe as its negative impact on the Nigerian economy. Minister of Finance, Mrs Kemi Adeosun, … Continue reading The CBN Wants to Eliminate the Currency Black Market
Nigeria Today: Top 5 News Stories, Wednesday, Nov 9th 2016
April 19, 2022
1. Donald Trump has been elected the 45th President of the United States of America. 2. Global markets plunged at the possibility of Trump’s election as President of the United States of America. 3. Dangote has announced an investment of $20 billion in Nigeria, an investment expected to create about 250,000 jobs over the … Continue reading Nigeria Today: Top 5 News Stories, Wednesday, Nov 9th 2016
By ogo-eze
Nigeria Today: Top 5 News Stories, Tuesday, Oct 18, 2016
April 19, 2022
Federal Government to sign a $15 billion deal with India for crude purchases. The National Universities Commission (NUC), scraps pre-degree and diploma programmes in Nigerian universities. Banks reject naira for visa payment due to dollar scarcity and volatile FOREX market. Death toll in Jema’ah LGA, Kaduna in attacks by suspected Fulani herdsmen hit 40. EFCC … Continue reading Nigeria Today: Top 5 News Stories, Tuesday, Oct 18, 2016
By ogo-eze
Red Star Boss Commends FG On Currency Swap
April 19, 2022
The Group Managing Director of Red Star, one of Nigeria’s logistics company, has commended the Federal Government of Nigeria for its currency swap policy of Naira to Yuan, pointing out that this will help boost the logistics industry, as well as other sectors of the economy. He stated this at the just concluded Institute of … Continue reading Red Star Boss Commends FG On Currency Swap
Nigeria’s Forex Crisis and the Businessman’s Headaches
April 19, 2022
What has the naira-dollar exchange rate got to do with a bowl garri?
JP Morgan Vs Naija
April 19, 2022
I’m in torn about JP Morgan’s decision to remove Nigeria from its Government Bond Index. The selfish part of me is naturally concerned about the negative impact it will have on business and my pocket. After all, the long line of foreign investors heading towards the nearest “Exit Nigeria” door is an inevitable consequence. And … Continue reading JP Morgan Vs Naija
By guestwriter
Eurozone Inflation Becomes the Focus as Market Looks for Signs of Global Recovery
April 19, 2022
The euro endured a tough start to last week with the EUR/USD dipping to fresh lows below the 1.3500 handle in the wake of the mixed data from Germany’s ZEW survey and disappointing Eurozone manufacturing and services PMIs.  The market will be hoping Friday’s Consumer Price Index announcement will be more positive, with analysts predicting a … Continue reading Eurozone Inflation Becomes the Focus as Market Looks for Signs of Global Recovery
By guestpost
