The exchange rate between the naira and the dollar declined to N930/$1 on the parallel market, based on quotes received by Nairametrics late on Friday.  The rate represents a 0.32% drop from N927 to the dollar, which traded in ...

Commercial banks play a crucial role in the economy by providing various financial services to individuals, businesses, and governments. One of the primary objectives of commercial banks is to generate profits. While many people are aware that banks make money ...

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 ...

Monday, 18th July 2022: The exchange rate between the naira and the US dollar closed at N429.13/$1 at the official Investors and Exporters (I&E) window. Naira appreciated slightly against the US dollar at the official market on Monday, with a ...

The country’s foreign reserve rose by $75 million during the week to hit $39.43 billion as at July 14, 2022. The worth of the naira debilitated to N430 to the dollar at the Investors’ and Exporters’ window toward the finish ...

Naira debilitated further on Friday, falling 1.34 percent against the U.S. dollar to its most reduced known level of all time. As indicated by information distributed by FMDQ, where forex is formally exchanged, naira which opened exchanging at N426.63 shut ...

The LUMI currency is the official currency of the African Diaspora Sub-Region. The currency is pegged by 4 grains of gold in equivalent of 0.2592 and solar energy. The official price of the LUMI digital currency as released by the ...

CRYPTO: MicroStrategy has acquired 5,050 BTC the equivalent of $242.9m superceding El-Salvafor’s President’s 150 BTC MicroStrategy, a business intelligence company and corporate Bitcoin whale, has announced through its CEO, Michael Saylor, that it has acquired 5,050 BTC which translates to ...

LUMI EXCHANGE: Fartfin digibank becomes first exchange platform to integrate AKL amongst it’s numerous currencies The newly created Eco-6 Regional Currency (the African Kingdom’s Lumi) may soon become a “sort for” currency in the African Continental market. As the promotion ...

The big huddle may soon be put to rest with the introduction of the first Lumi currency exchange and transfer App by the Africa Royal Bank. Mr. Martin Wiseman who is the Managing Director of the bank unveiled the new ...

Wednesday, 8th December 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1 at the official Investors and Exporters (I&E) window. Naira remained stable against the US dollar on Wednesday to close at N415.07/$1. This was the ...

  Naira, dollar, CBN, Exchange rate falls across forex markets despite improved dollar supply Thursday, 16th December 2021: The exchange rate between the naira and the US dollar closed at N415.05/$1 at the official Investors and Exporters (I&E) window. Naira depreciated ...

It is no longer news that oil value shocks have adversely affected the country’s income throughout the long term. The lessening income from oil was compounded by the Covid pandemic, thus the supervisors of the economy needed to inventively consider ...

Image Credit: investsmall.com Obviously, the idea of online commercial centers is turning out to be progressively well known, and everybody needs a piece. (adsbygoogle = window.adsbygoogle || []).push({}); A huge number of individuals across the globe make their cash from ...

Central Bank of Nigeria’s building in the Central business district of Abuja. Image Credit: punchng.com Another report has said likely more grounded dollar request will persuade the Central Bank of Nigeria of the need to fix financial conditions likewise with ...

Naira denominations, image credit: premiumtimesng.com A report by Bismarck Rewane’s Financial Derivatives Company (FDC) at the end of the week underlined that numerous strategies by the Central Bank of Nigeria (CBN) have neglected to overcome any barrier between the formally ...