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Nairametrics - Business news, Economy, Investing, and Financial …
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US Dollar Index hits 2-Year high as other G5 currencies decline; …
4 days ago · The US Dollar index hit a fresh high, closing above 107.74 points as of the market ending on the 18th of December 2024, attaining its strongest level in two years. This follows the Fed’s decision to lower its benchmark policy rate by 25 basis points to the range of 4.50%, with indications of two ...
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Naira appreciates to N1,640 from N1,730 at parallel market as …
Dec 4, 2024 · The naira recorded a huge gain against the US dollar at the parallel market, hitting N1640/$1, at the close of business on Wednesday, December 4, 2024.. This represents a 5.2% or N90 gain against the dollar when compared to the N1730 that was recorded the previous trading day.. The massive appreciation recorded against the dollar is coming with the kick-off of trading activities at EFEMS ...
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Naira shows mixed performance; depreciates to N1730 in parallel …
Oct 26, 2024 · What to expect With the naira recently breaching the N1,700/$1 mark, there is potential for a short-term recovery. Global oil prices have now stabilized between $79 and $81 per barrel, and the Central Bank of Nigeria’s (CBN) consistent interventions may help ease some inflationary pressures, fostering a more positive outlook for the naira.
Naira breaks below 1500/$ as CBN decides on interest rates today
May 21, 2024 · The Nigerian currency has lost most of the gains it had made over the previous few weeks, making it the world’s worst-performing currency. Since President Bola Tinubu’s administration loosened foreign exchange regulations in June—he will begin his first year in office next week—the decline represents the most recent wave of instability.
Decoding Nigeria’s 2025 Budget: What the numbers reveal!
5 days ago · Nigeria’s proposed 2025 budget is out, and it’s raising big questions. With ambitious revenue targets, massive infrastructure allocations, and rising debt servicing costs, what do the numbers mean for your taxes, cost of living, and public services? In this episode of Money Brief with Ugodre, we ...
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The Nigerian All-Share Index (ASI) delivered an impressive performance on December 13, 2024, surging by 617.69 points to close at