Nairametrics - Business news, Economy, Investing, and Financial …
WEBDestination for Business news, financial literacy, economy, and analysis from Africa's largest economy and Nigeria news.
Credit to government surges by N11 trillion in one month as …
WEB3 hours ago · The first hike increased the rate from 18.75% to 22.75%, the second to 24.75%, the third to 26.25%, the fourth to 26.75%, and most recently in September 2024, the Monetary Policy Committee (MPC) raised the rate by 50 basis points to 27.25%.
World Bank approves $1.57 billion for Nigeria’s three projects
WEB4 hours ago · The World Bank has approved three new projects for Nigeria, totalling $1.57 billion in financing. According to a statement released on Monday by World Bank Nigeria, this new funding will support the country in addressing governance challenges in education and healthcare, improving primary healthcare services, and increasing resilience to climate change through enhanced dam safety and ...
Markets Archives - Nairametrics
WEBMicrostrategy buys additional $458 million worth of Bitcoin, now holds 252,220 BTC. by Michael Ndu-Okeke. September 21, 2024. 0. Michael Saylor’s Microstrategy has ramped up its stash of Bitcoin assets by purchasing an additional 7,420 Bitcoin worth $458 million. Read more. Company Results.
Naira appreciates to N1,541.52 at I&E window on positive …
WEBSep 21, 2024 · The exchange rate between the naira and the US dollar appreciated N1,541.52 at the official Investor and Exporter (I&E) window on Friday, September 20, 2024. This represents a 0.16% gain from the N1,544.02 recorded on September 19, 2024, with the naira trying to stabilize within the N1,500 range. …
Official exchange rate strengthens to N1,300/$1, best in 8 weeks
WEBMar 27, 2024 · Naira-Dollars. The exchange rate between the Naira and the Dollar closed at N1,300/$1 on Wednesday on the official NAFEM window, marking the strongest performance in over 8 weeks. This information comes from data obtained from the FMDQ, where the exchange rate is officially quoted. Nairametrics’ findings also indicate that the exchange rate ...
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CBN adopts NAFEX rate on its website - Nairametrics
WEBMay 25, 2021 · The Central Bank of Nigeria has adopted the NAFEX/I&E Window exchange rate on its website ditching a multi-decade use of government-determined exchange rate. The CBN reported an official exchange rate of N410.25/$1and referenced it as “NAFEX Exch, Rate (USD) as at Monday, May 24, 2021” on its website. READ: CBN Governor confirms exchange ...
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FG proposes NIMASA, NPA to collect fees and charges in Naira …
WEB4 days ago · The federal government is proposing that the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Port Authority (NPA) to begin collecting charges, fees, fines and others in Naira rather than in foreign currencies. The Special Adviser to the President on Information and Strategy, Bayo Onanuga disclosed this …