You awaken to the morning light filtering through your window. As you brew your morning coffee, your mind turns to the day’s tasks ahead. Checking your finances sits at the top of your list. Navigating the global marketplace means keeping ...
In recent weeks, there has been significant chatter surrounding the devaluation of the Naira against the US Dollar, with some attributing it to alleged governance issues. However, a deeper analysis reveals a more nuanced picture, dispelling the notion that poor ...
The official Nigerian Forex Market witnessed a dramatic decline on Tuesday, October 17, 2023, marking a significant point in Nigeria’s ongoing exchange rate crisis. According to information obtained on Wednesday morning from traders specializing in forex transactions, the exchange rate ...
In a recent art transaction that has captivated both the art and cryptocurrency communities, South Korean artists exchanged their valuable paintings for Pi, the digital currency associated with the Pi Network. The significance of this exchange becomes apparent when one ...
In a stunning turn of events, the Turkish Lira (TRY) has reached an all-time low against the US Dollar (USD) in 2023, with the exchange rate soaring to 26.17 TRY per USD. This depreciation of the Turkish Lira marks a ...
CitiBank Indonesia, a prominent player in the Indonesian banking sector, has embarked on a captivating trial utilizing Pi blockchain technology. The bank conducted an experiment that has caught the attention of the cryptocurrency community, as well as underscored the growing ...
The Lumi Currency is the sole unit of payment for the sixth region of the African Diaspora. It is sometimes referred to as the Lumi or the African Kingdoms Lumi (AKL). The currency was created by Mr. Timothy Elisha McPherson, ...
Naira, the national currency of Nigeria, has struggled to maintain stability against major currencies including the US dollar, the British pound, and the Euro. Many of us were unaware that there were other currencies that were worth more than these ...
For asset purchasers, this may not be the best time to buy as cryptocurrency prices are starting the new year with a green signal, indicating that prices are on the rise. Because cryptocurrency prices are unstable and fluctuate often, the ...
The exchange rate between dollar to naira the Nigerian currency unit has reportedly remained stable for about four days now, despite huge demand for dollar on Xmas day. Our correspondence in Abuja reports that, currency traders who operates opposite Sheraton ...
This week’s currency chaos was brought on by the surprising decision of the Nigerian central bank to redesign the country’s banknotes, which spurred a rush to devalue the naira. Even Finance Minister Zainab Ahmed was unaware of the plan to ...
On Friday at the official market, the naira appreciated by 0.06 percent against the dollar. The naira closed at N445.50 per dollar on Friday, with $94.07 million recorded as foreign turnover compared to $166.88 million (46.63%) posted on Thursday, according ...
The Central Bank of Nigeria (CBN) given more insight on why it’s planning to print new Naira notes. The Apex bank says, it would reduce the rate of money in circulation which has caused inflation and subsequently price hikes. The ...
On Wednesday, November 2, 2022, players at the Lagos Parallel Market (Black Market) would buy a dollar for N815 and sell it for N820, according to sources at the Bureau de Change (BDC). Please be aware that the Central Bank ...
Devaluation of the naira is undoubtedly the most effective tool against Nigerians’ prosperity. The adoption of the IMF’s Structural Adjustment Program during Babangida’s regime marked the beginning of Nigeria’s transition from a potential industrial powerhouse with a thriving social affluence ...
The exchange rate between the naira and the US dollar at the bootleg or black market surged by 0.13% to exchange at N742/$1 on Thursday,20th October 2022, from N743/$1 as it was in the past couple of days. This is ...