Nairametrics - Business news, Economy, Investing, and Financial …
WEB1 day ago · Nairametrics - Business news, Economy, Investing, and Financial Literacy. Electricity DisCos lose N25.71 billion in one month over bill collection inefficiency September 10, 2024. Currencies.
Naira appreciates to N1,539 at I&E Window as the dollar weakens
WEB13 hours ago · The exchange rate between the naira and the US dollar appreciated to N1,539.65 at the official Investor and Exporter (I&E) window on Wednesday, September 18, 2024, as the dollar weakened following a 50-basis point rate cut by the U.S. Federal Reserve. This marks a 7.05% gain from the N1,656.49 recorded on September 17, …
Naira falls to N1,656 at I&E Window amid volatility, but hope for ...
WEB1 day ago · The exchange rate between the naira and the US dollar depreciated to N1,656.49 at the official Investor and Exporter (I&E) window on Tuesday, September 17, 2024. This marks a 7.12% decline from N1639.20 on September 13, 2024, despite news that inflation had slowed by 1.25%, dropping from 33.40% in ...
Naira under pressure in black market amid U.S. Dollar resilience
WEB2 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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NB Plc N599.1 Billion rights issue to eliminate Forex exposure ...
WEB1 hour ago · Speaking during the “Facts Behind the N599.1 Billion Rights Issue” presentation at the Nigerian Exchange Limited, NGX, on Tuesday, September 17, 2024, the Managing Director of Nigerian Breweries Plc, Hans Essaadi, explained that the losses recorded in its financial statements was due mainly to the impact of the currency …
Stock Select - Nairametrics
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Nairametrics to hold webinar on Telcos and the future of financial ...
WEB1 day ago · Nigeria’s leading financial advocacy platform, Nairametrics will hold its monthly industry outlook with the focus on the telecoms industry and the future of financial inclusion in Nigeria. The virtual event is billed to hold on the 21st of September 2024 between 10 am and 11:30 am via Zoom. The ...
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Naira loses grip as Dollar shows strength - Nairametrics
WEBAug 27, 2024 · Transaction volume decreased as daily FX market turnover fell from $120.81 million on Friday to $102.93 million on Monday, a 14.8% decline. However, on the black market, the local currency showed mild strength, quoted at N1,610/$ on Monday compared to N1,615/$ on Friday. The local currency has experienced significant volatility, falling by …