dollar

Naira ‘Resurrects’ At ₦429.62 To Dollar At Investors’ Window

August 13, 2022 2:33 pm

Good news for the Nigerian Naira as it had managed to appreciate against the dollar at the Investors and Exporters window while it had been exchanging at ₦429.62.

The figure which had been displayed on Saturday had also represented an increase of 0.15 per cent which is high as compared with the ₦430.25 which it had exchanged for the dollar on Friday.

Read Also: NYCN Blasts Emefiele’s Economic Policy Over Fall Of Naira

The open indicative rate had closed at ₦429.67 to the dollar.

An exchange rate of ₦431.94 to the dollar was the highest rate recorded within the day’s …

US Dollar Soars As Nigerian Naira Crashes, Closes At 419

May 9, 2022 6:09 pm

Monday saw the Nigerian Naira depreciating at the Investors and Exporters window while exchanging at ₦419 to the dollar, a 0.48 per cent depreciation, weaker than ₦417 it traded on Friday.

Reports have shown that the open indicative rate closed at ₦419 to the dollar on Monday.

An exchange rate of ₦423.00 to the dollar was the highest rate recorded within the day’s trading before it settled at ₦419.00.

Read Also: Oshodi Traders Hail CBN’s Introduction Of e-Naira

The Naira sold for as low as 410.84 to the dollar within the day’s trading. A total of 53.15 million dollars was …

$9.6bn judgement debt: Experts proffer solution to Nigeria

Zimbabwe to allow U.S. dollar cash withdrawals

July 1, 2019 9:01 am

People and companies in Zimbabwe hold $1.3 billion in foreign currency accounts, central bank governor John Mangudya said on Monday after the finance minister announced that individuals will be allowed to withdraw their U.S. dollars in cash.

Mangudya told a parliament committee that individuals would be allowed to withdraw up to $1,000 a day from their foreign currency accounts without restrictions but that companies would need to talk to their banks if they needed cash dollars.

Zimbabwe made the RTGS dollar, an interim currency introduced in February, its sole legal tender last Monday, ending a decade of dollarization and taking

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Zimbabwe bans use of US dollar and other foreign currencies

June 25, 2019 6:45 am

In a bid to defend its fledgeling new currency against black market speculation, Zimbabwe‘s Finance Minister Mthuli Ncube on Monday outlawed the use of the US dollar and a host of other foreign currencies in local transactions.

In 2009, Zimbabwe allowed the US dollar and other foreign currencies to be used as legal tender in the country after hyperinflation decimated the value of the Zimbabwean dollar.

Earlier this year, to pave the way towards ending so-called “dollarisation”, the country laid the foundations for a new Zimbabwean dollar by introducing an interim currency, the Real Time Gross Settlement dollar (RTGS) …

Nine Nigerians nabbed in US for multi-million dollar fraud

April 26, 2019 8:25 pm

Nine Nigerians have been arrested in the United States of America for defrauding businesses and individuals of more than $3.5 million.

The United States Attorney for the Southern District of New York, Geoffrey S. Berman, and Homeland Security Investigations (HIS) Special Agent-in-Charge of the Tampa, Florida, Field Office of U.S., James C. Spero, announced on Thursday that the suspects committed the fraud through business email compromises, a Russian oil scam, and a romance scam.

Naira remains stable at ₦358 per dollar in parallel market

February 12, 2019 1:46 am

The Naira yesterday was stable at N358 per dollar in the parallel. However, the naira depreciated by 41kobo in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window rose to N361.95 per dollar from N361.54 per dollar last week Friday translating to 41 kobo depreciation of the naira.

The depreciation was due to a 65 percent decline in volume of dollars traded which fell to $113.86 million from $328.4 million last week Friday.

(Vanguard)…