The Ghanaian cedi has lost more than 27% of its value against the U.S. dollar this year. But this decline might slow down because the U.S. Federal Reserve plans to cut interest rates on September 18, which...
The local Nigerian currency, known as the Naira, went over the N1,160 mark against the US dollar last week, even though the dollar was not as strong.
In big cities in Nigeria, the Naira was worth...
Nigeria's foreign exchange (FX) reserves went up by $621.2 million in just 10 days after the country sold a special dollar bond inside the country.On September 2, 2024, Nigeria had $36.24 billion. By September 12, 2024, this amount grew...
The value of the naira compared to the US dollar went up to N1,546.41 at the official Investor and Exporter (I&E) window on Friday, September 13, 2024....
On Wednesday, September 11, 2024, the rate of the naira to the US dollar became stronger at N1,558.75 in the official Investor and Exporter (I&E) window.
This was a 4.81% improvement from...
Sure, let's rewrite this blog post using simple English that even young kids can understand. I'll also add some examples and demonstrations.
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<p>The exchange rate between the Nigerian naira (N) and the US dollar ($) improved to N1,580.46...
The value of the naira compared to the US dollar went down by 3.61% at the official Investor and Exporter (I&E) window on Monday, September 10, 2024.
Data from FMDQ, which tracks official currency...
In August, Nigeria's official foreign exchange (FX) market faced a decrease in trading, even though the Central Bank of Nigeria (CBN) held a Retail Dutch Auction.
According to Nairalytics, the research arm of Newslodge, the total...
Today is the last day to buy Nigeria's special $500 million dollar bond. The selling stops today, Friday. Everyone who buys will get their bonds settled by September 6, 2024.
The Nigerian government started...
Nigeria received less money from foreign countries in April 2024, amounting to $770 million.This amount is 57.22% less than the $1.80 billion received in March 2024, according to the Central Bank of Nigeria’s (CBN) April 2024 Monthly Economic Report.The...
