Nairametrics - Business news, Economy, Investing, and Financial …
WEB1 day ago · Nairametrics - Business news, Economy, Investing, and Financial Literacy. Lagos Govt explores partnership with Portuguese firm Mota-Engil for proposed Lekki-Epe International Airport September 18, 2024. Breaking News.
Naira loses over N100 at official market as U.S. interest rate …
WEB1 day ago · The Naira lost more than N100 against the U.S. dollar at the official window, despite a slower headline inflation rate in August. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) highlighted that the local currency was sold at N1,656/$1, higher than the N1,546/$1 recorded on Monday.
Nigeria now records monthly net inflow of $2.35 billion into …
WEB5 hours ago · The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the country now records about $2.35 billion as net inflow into the Central Bank foreign reserves. Edun made this statement while speaking at the Access Bank annual cooperate forum of 2024 in Lagos. The Minister ...
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Floating the Naira: The implications and remedies - Nairametrics
WEBJun 15, 2023 · Moreover, floating the currency could impact Nigeria’s external debt and financial stability. If the naira depreciates, the country’s foreign debt obligations in other currencies, such as the US dollar, would increase when converted to naira. This can potentially strain the government’s ability to service its debt.
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Markets Archives - Nairametrics
WEBNaira rebounds below N1,600/$1 after three-day decline on official market. by Sami Tunji. September 7, 2024. 0. The naira made a notable recovery in the official market on September 6, 2024, closing at N1,593.32/$1, marking a 2.89%... Read more. Companies.
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Naira under pressure in black market amid U.S. Dollar resilience
WEB12 hours ago · Naira under pressure in black market amid U.S. Dollar resilience. The local currency was unchanged against the greenback on Thursday as the haven currency firmed sharply, despite an interest rate cut by the U.S. central bank, which was offset by less dovish signals regarding future rate hikes. The naira closed flat against the dollar in the ...
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