Nairametrics - Business news, Economy, Investing, and Financial …
WEBNairametrics - Business news, Economy, Investing, and Financial Literacy. Electricity DisCos lose N25.71 billion in one month over bill collection inefficiency September 10, 2024. Currencies.
Weekly market report: All-Share Index climbs 1.06%—What’s …
WEB1 day ago · 10 seconds ago. in Markets, Stock Market. The Nigerian stock market recorded gains this week, with the All-Share Index rising by 1.06% to close the second week of September on a positive note, driven by renewed momentum in the banking sector. ASI added 1,023.09 points, finishing at 97,456.62, up from 96,433.43 the previous week.
Naira hits N1,665/$ as dollar shortages persist in Black Market
WEB1 day ago · The naira gained 4.8% on Wednesday after the government successfully raised $900 million in its first domestic dollar bond; however, the loss reversed this gain. Dollar shortages were cited as the reason for the 48% decline in domestic dollar liquidity. President Bola Tinubu removed regulations last year that kept the currency artificially ...
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.
Naira stays stronger at black market amid a mixed bag of U.S …
WEBApr 19, 2024 · The Nigerian naira held its value against the US dollar in the black market, but it slightly declined in the official market amid a mixed bag of U.S. economic data. In the parallel market, the value of the Naira increased late on Thursday from N1,105 per dollar on Wednesday to N1,060 against the U.S. dollar. Nonetheless, the value of the Naira ...
Naira drops to N1,402.67 in latest official market trading
WEBMay 3, 2024 · In the parallel market, the Naira weakened further, dropping to N1,380 per dollar on May 2nd, marking a 1.45% fall from the N1,360 rate on April 30th. This shift brought the disparity between the parallel market and NAFEM rates down to a mere N22.67 from the N40.96 observed on Tuesday. On a positive …
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Naira shows recovery ahead of U.S. inflation data - Nairametrics
WEB5 days ago · The Nigerian naira strengthened as the U.S. dollar index edged lower ahead of the U.S. CPI data and the televised U.S. presidential debate. The local currency began the week on an upswing against the U.S. dollar at the official market. NAFEM data showed the naira strengthened to N1,580/$1 on Monday, which …