Dollar - Page 5

Dollar strength: Why developing countries are nervous

According to the International Monetary Fund (IMF), a 10% rise in the dollar on the currency market would push down real gross domestic product (GDP) in emerging economies by 1.9% after one…

3 months ago

by Abiodun Ogundairo

Nigeria overnight rate hits 150%

Nigeria's overnight interbank rate was quoted at a record high of 150 percent on Tuesday, two days after lenders placed funds with the central bank to participate in last Friday's currency forward…

8 years ago

Business·News

Naira sustains gain on parallel market

Earlier this week, the Central Bank of Nigeria reviewed the exchange rate for remittances from N350 to N370 against the dollar.…

8 years ago

Business·News

Naira woes continue in forex market

The naira appreciated against the dollar in the parallel market over the weekend and begun the first day of the fourth quarter slightly higher at 476 to the greenback.…

8 years ago

Business·News

Nigeria’s oil, gas stocks drag index lower

Profit taking in oil and gas stocks saw the NSE All Share Index dip by 5 basis points. To discuss the markets as well as the pension industry in Nigeria.…

8 years ago

Business·News

Recession hurts Nigeria’s manufacturers

Nigeria's second quarter GDP figures revealed that the country's manufacturing sector declined by 3.4 per cent decline in real terms as the country slipped into recession.…

8 years ago

Business·News

Nigeria’s market up 0.23 %

The Nigerian Stock Exchange opened the week on a positive note with the NSE All Share Index rising 0.23 per cent on Wednesday.…

8 years ago

Business·News

Is Nigeria becoming the next Venezuela?

Multiple exchange rates, a reluctance to officially devalue the currency and a forex shortage are a few similarities between Nigeria and Venezuela that have fuelled concerns that Nigeria may be on the…

8 years ago

National·News

Nigeria’s economic crisis shakes foreign airlines

An economic recession and a shortage of foreign exchange is having a significant impact on the operations of local and foreign airlines in Nigeria.…

8 years ago

Business·News

Nigerian economy predicted to grow with more belief in local manufacturers

A key factor that can enhance the growth of the economy is by believing in products made by Nigerian manufacturers.…

8 years ago

GTV Exclusive

Nigerian economy officially enters recession

Economic data released today by the National Bureau of Statistics confirmed that Nigeria is in a recession. Toyin Sanni, CEO, United Capital joins CNBC Africa for an in-depth analysis of the information.…

8 years ago

National·News

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Dollar - Page 5

Dollar strength: Why developing countries are nervous

Nigeria overnight rate hits 150%

Naira sustains gain on parallel market

Naira woes continue in forex market

Recession hurts Nigeria’s manufacturers

Is Nigeria becoming the next Venezuela?

Nigeria’s economic crisis shakes foreign airlines

Nigerian economy predicted to grow with more belief in local manufacturers

Nigerian economy officially enters recession

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