Nairametrics - Business news, Economy, Investing, and Financial …
WEBNairametrics - Business news, Economy, Investing, and Financial Literacy. Fidelity announces N200.8 billion pre-tax profit for period ending June 30, 2024, to pay N0.85 dividend October 6, 2024. Legal & Regulations.
Palmpay, OPay, other mobile money operators process N41.5 …
WEB1 day ago · The seven-month figure is already close to the N600 trillion recorded in the full year 2023 with five months of records to add for this year. Industry analysts believe that the surge in e-payment transactions can be linked to the recent cash crunch experience and the cashless policy of the Central Bank of Nigeria (CBN), which limited the amount of cash that can be withdrawn daily.
Naira rises 1.69% in I&E Window as global crude prices approach …
WEB3 days ago · in Currencies, Markets. On October 4, 2024, the naira gained against the U.S. dollar, closing at N1,631.21 in the official Investor and Exporter (I&E) window, as global crude oil prices eye $80 per barrel. This marked a modest 1.69% appreciation compared to the previous day’s exchange rate of N1,659.26, despite a sharp decrease in market ...
CBN adopts NAFEX rate on its website - Nairametrics
WEBMay 25, 2021 · The Central Bank of Nigeria has adopted the NAFEX/I&E Window exchange rate on its website ditching a multi-decade use of government-determined exchange rate. The CBN reported an official exchange rate of N410.25/$1and referenced it as “NAFEX Exch, Rate (USD) as at Monday, May 24, 2021” on its website. READ: CBN Governor confirms exchange ...
Why naira is gaining at the black market - Nairametrics
WEBNov 12, 2022 · The exchange rate at the black market will eventually close the year at about N575/$1 by late December before closing the year at N560/$1; What this means: Predicting the exchange rate is an incredibly difficult undertaking as a dynamic interplay between demand and supply is the official determinant. If Nigeria’s oil production output continues to rise and approach 1.5-1.7 million barrels ...
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Naira falls 8.25% in the I&E Window, with market turnover …
WEB5 days ago · Market Turnover: Turnover in the I&E window fell to $176.45 million, down from $181.86 million the previous day. For context, total turnover for September stood at $3.3 billion. Parallel Market Rates: In the parallel market, the naira opened at N1,668.33 against the dollar, fluctuating between a high of N1,672.50 and a low of N1,668.33 before closing at N1,670.74.
Exclusives Archives - Nairametrics
WEBTop 10 most expensive states to live in Nigeria in August 2024. The headline inflation rate in August 2024 stood at 32.15%, marking a slight decrease of 1.25%-points from 33.40% in July...
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Naira falls to N506/$ at black market as dollar supply slides by …
WEBJul 19, 2021 · An exchange rate of N412.76/$1 was the highest rate recorded during intra-day trading before it settled at N410.38/$1, while it sold for as low as N400/$1 during intra-day trading. Meanwhile, forex turnover at the Investors and Exporters (I&E) window dropped by 5.77% on Friday, 16th July 2021. According to …