Archives Tag: Naira
Pay for Google Workspace in Naira with FOUND Africa
April 19, 2022
FOUND Africa is a tech sales company and an official Google partner focused on providing the ease of paying for Google Workspace in Naira thereby enhancing and driving digital transformation within Africa. Read more about Tech Every business deserves to boost its productivity without hassle. Hence, we offer convenient discounted payment for Google Workspace … Continue reading Pay for Google Workspace in Naira with FOUND Africa
By guestpost
Naira Rebounds as CBN Clears Forex Debt Backlog
April 19, 2022
The naira has surged to N1,120 against the dollar in response to the Central Bank of Nigeria’s action to clear some of its FX backlog on Thursday. This marks an increase of N50 or 4.27 per cent compared to the N1,170 it traded for on Wednesday. Read more about Finance Currency traders, also known … Continue reading Naira Rebounds as CBN Clears Forex Debt Backlog
How to Protect Your Business from the Naira Devaluation
April 19, 2022
Earlier in June, the Central Bank of Nigeria announced that it was doing away with the long-standing fixed exchange rates for the naira. In a disclosure that grabbed headlines nationwide, the apex bank said that it would now float the local currency, i.e. allow market forces (demand and supply) to determine the rates for … Continue reading How to Protect Your Business from the Naira Devaluation
Central Bank of Nigeria (CBN) Refutes Claims of Naira Devaluation
April 19, 2022
In a recent development, the Central Bank of Nigeria (CBN) has vehemently denied the circulating news that it has devalued the Nigerian naira. Speculations had been rampant, claiming that the official exchange rate of 465 Naira to a dollar had been revised to a concerning 630 naira to a dollar. However, the CBN has come … Continue reading Central Bank of Nigeria (CBN) Refutes Claims of Naira Devaluation
CBN Imposes ₦100,000 And ₦500,000 Limit on Cash Withdrawals
April 19, 2022
The Central Bank of Nigeria (CBN) has introduced new limits on cash withdrawals over-the-counter, as well as for Automated Teller Machines (ATM) and Point of Sale (PoS). This was disclosed by the CBN in a circular made public on Tuesday. Read more about Finance The statement, signed by Haruna Mustapha, the CBN’s Director of … Continue reading CBN Imposes ₦100,000 And ₦500,000 Limit on Cash Withdrawals
The CBN’s Plan To Redesign The Naira: 6 Facts You Should Know
April 19, 2022
The Central Bank of Nigeria on Wednesday announced that it would be redesigning the ₦200, ₦500, and ₦1,000 notes. Godwin Emefiele, the CBN governor, disclosed this at a press briefing. Read more about Business According to the apex bank, the new notes will begin circulating on December 15, 2022. However, the old notes will remain … Continue reading The CBN’s Plan To Redesign The Naira: 6 Facts You Should Know
The Naira Is Weak But Not For The Reasons You Think
April 19, 2022
It is a given now that most Nigerians agree that the Naira is weak. Some use other incendiary adjectives to describe its weakness but that is beside the point of this article anyway. Read more about Economy The truth is, while our Naira is weak and gets weaker with each passing day, the reasons … Continue reading The Naira Is Weak But Not For The Reasons You Think
By david-okwara
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
Easiest Ways To Receive Money From Abroad In Nigeria Today
April 19, 2022
The Central Bank of Nigeria recently placed restrictions on Nigerians receiving money transferred from abroad in naira. We will now only be able to collect those funds in dollars. This new rule means that digital transfer services such as TransferWise and Sendwave cannot be used to remit money to Nigerians in this way. Read … Continue reading Easiest Ways To Receive Money From Abroad In Nigeria Today
Top Cryptocurrencies You Can Invest In
April 19, 2022
The economy is in recession. Again. You might want to divest now or even put your money somewhere more stable as the naira is not the most reliable of currencies even by local standards. There are 7000 or so cryptocurrencies in the space and it may be tricky knowing which ones to put money … Continue reading Top Cryptocurrencies You Can Invest In
By david-okwara
10-Point Opportunities For Nigeria In Covid-19 (D)
April 19, 2022
Business Re-Engineering Opportunity Covid-19 has shaken many businesses to their very foundation. Unfortunately, many businesses (especially small businesses) might close down or cease to operate as a direct consequence of the pandemic. While interest rates by commercial lenders continue to accumulate, many projects are shut down or unable to generate revenue to settle mounting debt … Continue reading 10-Point Opportunities For Nigeria In Covid-19 (D)
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
Do You Know: How the Terms ’Naira’ and ‘Kobo’ came about?
April 19, 2022
Currency is like current; meant to flow. But with this ‘flow’ has been evolutions. Evolution from the barter systems, to the use of precious stones, objects and artifacts, to cowries, to coins and paper money (and polymer money can be added to it too). it is easy to identify some countries and regions by the … Continue reading Do You Know: How the Terms ’Naira’ and ‘Kobo’ came about?
By jeremiah
Did You Know? How the Naira Got Its Name
April 19, 2022
You probably already know that the naira, Nigeria’s official currency, hasn’t always been the country’s legal tender. And if you’re an older citizen or something of a history aficionado, you’ll be aware that it was preceded by the pound. But how did the naira get its name? And who named it? The answer to this … Continue reading Did You Know? How the Naira Got Its Name
African Sustainable SME Export Trade Solutions Presents: ‘All Hands On Deck’
April 19, 2022
There is a growing consensus that the best way for Nigeria to make a rapid transition from constantly hovering on the brink of recession, to achieving sustainable, inclusive economic growth, which is not dependent on a rise in crude oil prices, is by taking advantage of the weak naira and developing the non-oil export sector. … Continue reading African Sustainable SME Export Trade Solutions Presents: ‘All Hands On Deck’
