Tag: exchange rate
-
Edwin Clark worries over brain drain, high exchange rate
Elder statesman Edwin Clark has expressed concern over reports of increasing number of Nigerians, particularly youths relocating to other countries. He told newsmen in Abuja that there was nothing wrong with people travelling or relocating to other countries. According to him, the recent trend where increasing number of Nigeria’s active population, the youth are emigrating…
-
Naira loses against dollar, exchanges at 424.88
The Naira on Wednesday lost to the green back at the Investors and Exporters window, exchanging at 424.88 to the dollar against 421.00 traded on Tuesday, a 0.80 per cent depreciation. The open indicative rate closed at N421.80 to the dollar on Wednesday.
-
Dollar Jumps to 600naira at Parallel market, external reserves falling
The naira exchanged at 600 to a dollar on Monday at the parallel market, increasing fears of further degradation of the country’s currency. The rate at the Importers and Exporters Window was, however, N415.75 on Monday, widening the exchange rate spread to N184.25.
-
Naira loses to dollar, closes at 419
he Naira on Monday depreciated at the Investors and Exporters window, exchanging at N419 to the dollar, a 0.48 per cent depreciation, weaker than N417 it traded on Friday. The open indicative rate closed at N419 to the dollar on Monday. An exchange rate of N423.00 to the dollar was the highest rate recorded within…
-
Market forces against exchange rate not Emefiele, group blasts detractors
A group under the platform of Nigeria Patriotic Quest (NPQ), has blasted campaigners of doom claiming the Central Bank of Nigeria, CBN, Godwin Emefiele could not manage Nigeria’s exchange rate. The Nigerian professionals, mostly based in the diaspora, in a statement signed by its National Coordinator, Ahmed Ja’Usman Tijani stated that market forces across the…
-
Why there is airfare hike – FAAN
The Federal Airport Authority (FAAN), has blamed the recent hike in airfare on the increased cost of aviation fuel and exchange rate.
-
Nigeria’s official exchange rate ‘artificially low’ – Osinbajo
Vice President Yemi Osinbajo on Monday said Nigeria’s official exchange rate is “artificially low”. He made the remark
-
High exchange rate, tax responsible for tariff hike – Startimes
…demands palliatives to survive …may alter tarrif to an acceptable level One of the leading Cable Network providers in the country Startimes, has blamed the recent 7.5% tax increase and the high exchange rate of dollars to the Naira as responsible for the recent hike in subscription of its services. This revelation was made on…
-
Stop playing politics with exchange rate, Soludo warns FG, CBN
A former Governor of the Central Bank of Nigeria, Prof. Charles Soludo has warned the Federal Government and Central Bank of Nigeria to stop playing politics with the nation’s exchange rate to strengthen the Naira. Soludo noted that the apex bank’s official exchange rate of N306 to the dollar has become redundant, describing it as…
-
CBN’s liquidity boost to BDCs narrowing exchange rate gap – Gwadabe
Alhaji Aminu Gwadabe, the President of Association of Bureau De Change Operators of Nigeria (ABCON), says lower exchange rate gap is due to liquidity boost to the BDCs sector. Gwadabe told newsmen on Tuesday in Lagos that the increase in the weekly volume of foreign exchange offered to BDCs had seen the reduction in the…