Tag: Dollar Rate

Nigeria’s Inflation Hits 33.69 Per Cent
May 16, 2024 No Responses

Nigeria’s Inflation Hits 33.69 Per Cent

Nigeria’s inflation rate rose to 33.69% in April 2024 compared to March 2024 headline inflation rate which was 33.20%. This was according to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released on Wednesday. “In April 2024,...
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Naira Exchanges For N462 To  Dollar At Investors, Exporters Window
March 1, 2023 No Responses

Naira Exchanges For N462 To  Dollar At Investors, Exporters Window

The Naira on Tuesday remained unchanged, exchanging at N462 to the dollar at the Investors and Exporters window. The local currency did not change from its value on Monday. An exchange rate of N462.50 to the dollar was the highest...
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Oil Dips On Weak Demand Fear, Strong Dollar
September 16, 2022 No Responses

Oil Dips On Weak Demand Fear, Strong Dollar

Oil prices drifted lower on Thursday as weak demand concerns over a large build in the crude inventory in the United States plus a strong dollar overtook potential supply disruption as the centre of focus, Reuters reported.  The main Brent...
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Opinion: Nigerian Shares Steady But Dollar Sinks As Investors Digest Inflation Data
January 14, 2022 No Responses

Opinion: Nigerian Shares Steady But Dollar Sinks As Investors Digest Inflation Data

By Lukman Otunuga, Senior Research Analyst at FXTM — Nigerian shares hovered around 2021 highs on Thursday, gaining over 4.4% year-to-datedespite the December U.S. inflation report reinforcing Fed rate hike expectations. The U.S. consumer price index (CP...
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Banks Comply With CBN FOREX Directive, Sell Dollar At N412
August 2, 2021 No Responses

Banks Comply With CBN FOREX Directive, Sell Dollar At N412

In compliance with the new Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN), commercial banks in Abuja have set up dedicated teller points for FX transactions in their branches.  The News Agency of Nigeria (NAN) recalls that...
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CBN Stops Sale Of FOREX To BDCs
July 27, 2021 No Responses

CBN Stops Sale Of FOREX To BDCs

The Central Bank of Nigeria (CBN) on Monday announced immediate discontinuation of the sale of Foreign Exchange (forex) to Bureau de Change (BDC) operators in the country.  Mr. Godwin Emefiele, the CBN Governor, made this announcement on Tuesday while present...
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CBN Introduces N5 Per Dollar Reward For Diaspora Remittances
March 7, 2021 No Responses

CBN Introduces N5 Per Dollar Reward For Diaspora Remittances

The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage inflow of diaspora remittances.  The incentive, tagged “Naira 4 Dollar Scheme”, was announced in a circular signed by Saleh Jibrin, CBN ‘s Director, Trade and Exch...
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CBN retains interest rate at 14 %, injects $186.5m for invisible, SMEs
May 24, 2017 No Responses

CBN retains interest rate at 14 %, injects $186.5m for invisible, SMEs

THE Central Bank of Nigeria (CBN) on Tuesday kept its Monetary Policy Rate (MPR), its base interest rate, at 14 per cent. Speaking at an interactive session with Journalists after the Monetary Policy Committee (MPC) meeting in Abuja, CBN Governor,...
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CBN to Banks: Make dollar available at N360
March 28, 2017 No Responses

CBN to Banks: Make dollar available at N360

Commercial banks in the country will no longer sell the naira at N375 per dollar for invisibles, such as school fees, medical bills and travel allowances, the Central Bank of Nigeria (CBN) declared on Monday. According to CBN,  Nigerians can...
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