Naira ends weaker against dollar in first week of 2023
The Nigerian currency weakened further against the dollar in the official foreign exchange market this week, closing at N461.01/$ on
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Money
Dangote’s net worth drops for first time in four years
The net worth of Aliko Dangote, Africa’s richest person, has dropped for the first time in four years, making him
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GTBank suspends use of naira card for international transactions
Guaranty Trust Bank Limited, one of the tier-one banks in Nigeria, announced on Thursday that it had suspended the use
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Naira posts big weekly loss against dollar
Nigeria’s currency, naira, lost 1.16 percent of its value against the dollar this week at the official spot market, data
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Naira devaluation inevitable in 2023: Top economist
The Nigerian currency is “misaligned from its true value”, and devaluation is inevitable next year, Bismarck Rewane, a top economist
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Increased FX turnover fails to lift naira, FMDQ data show
The naira weakened against the dollar this week despite the increase in the turnover in the foreign exchange market, data
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Naira redesign may weigh on economic activity – World Bank
The World Bank has said the redesign of Nigeria’s higher-value currency notes may have negative impacts on economic activity. The
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Naira extends fall against dollar as FX turnover dips 21%
The naira weakened further against the dollar as the turnover at the foreign exchange market fell by 21 percent this
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Naira extends decline, FX turnover up 25%: FMDQ
The naira weakened further this week at the Investors and Exporters window, even as the foreign exchange turnover rose by
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Asset manager PIC set to invest $100m in AFC
The Public Investment Corporation, Africa’s largest asset manager has given formal notification to make a $100 million inaugural equity investment
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