Redefining Nigeria’s Economic Narrative: The Case for Strengthening the Naira by Techeconomy February 25, 2024 0 Finance In recent times, the idea of a strong currency has been often associated with the United States dollar, with many ... Read more
Naira: FG to Raise $10bn to Stabilize Forex Rate by Techeconomy February 22, 2024 0 Finance The Nigerian government is planning to raise $10bn to improve liquidity in the foreign exchange (forex) market. On Tuesday, the ... Read more
Naira Gains at Official Window, Closes at N1,542/$ by Techeconomy February 22, 2024 0 Finance The value of the naira closed stronger at the close of trading on the Nigeria Autonomous Foreign Exchange market (NAFEM) ... Read more
More Pressure on Naira as it Crashes to N1,830 /$1 in Parallel Market by Techeconomy February 21, 2024 0 Finance The Nigerian Naira on Wednesday experienced a significant depreciation, reaching a record low of N1,830 per dollar in the parallel ... Read more
CBN’s Directive to IMTOs May Divert FX Liquidity to Parallel Market, Cryptocurrency – Experts by Techeconomy February 20, 2024 0 Digital Assets Afolabi Oriyomi, an expert in the financial services industry and the research head, research head, Young Professionals and Emerging Leaders ... Read more
Naira Weakens as Banks’ Dollar Sales Drops by $252m by Techeconomy February 19, 2024 0 Finance Dollar sales by Deposit Money Banks (DMBs) and other entities at the Nigeria Autonomous Foreign Exchange Market plunged by $252m ... Read more
CBN Battles to Revive Naira as Forex Approaches N1,700/$1 by Techeconomy February 17, 2024 0 Finance The exchange rate between the naira and the dollar has depreciated to an all-time low, reaching N1,537.96/$1 at the official ... Read more
Nigeria’s Naira Reportedly Exchanges N1600/$1 by Techeconomy February 15, 2024 0 Finance “Which way naira?” is one of the topics of X space today, February 15, 2024. The reason is not farfetched ... Read more
Again, CBN Raises Import Duty Forex Rate, Now N1,444.56/$ by Techeconomy February 14, 2024 0 Finance The Central Bank of Nigeria (CBN) has raised the exchange rate for computing Customs duties at the nation’s seaports again, ... Read more
Naira Weakens to N1500/$ in Parallel Market by Techeconomy February 14, 2024 0 Finance Despite making marginally gain against the United States dollar on Tuesday, appreciating to N1,499/ at the official window, the naira ... Read more
Naira: Despite CBN intervention, FX Rate still Around N1,479.47/$1 by Techeconomy February 9, 2024 1 Finance The Naira experienced depreciation against the US Dollar across both the official and black markets as demand pressure continued to ... Read more
Naira – Dollar: Intra-day High Remains above N1500/$1 by Techeconomy February 7, 2024 0 Finance The intra-day high between the naira and dollar sold for N1,519/$1 on Tuesday as forex turnover dropped by 20.26% to $465.29 as the Nigerian ... Read more
Bismarck Rewane Proffers Solutions to Nigeria’s Currency Problem by Techeconomy February 6, 2024 0 Finance Bismarck Rewane, a front-line Economist in Nigeria, has canvassed for a broad perspective in addressing the problem surrounding the Naira, ... Read more
Naira Weakens to 1,440/$ in the Parallel Market by Techeconomy February 6, 2024 0 Finance The naira did not fare better on the parallel market, trading between 1,440/$ and 1,460 at the close of trading ... Read more
Naira Strengthens as Banks Sell Excess Dollars by Techeconomy February 2, 2024 0 Finance Nigerian currency – the naira- exchanged between N1,300 and N1,350/$ on Thursday as against over N1400/$ it exchanges the previous ... Read more