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Dollar (USD) to Naira (NGN) Black Market Rate Today 27th May 2024
27 mai, par Mfon UmanaIt’s no news that the black market exchange rate and other exchange rates have yet to have solid common ground for some months now. The present dynamic of the US Dollar to Naira exchange rate has been a major concern to Nigerians, as this greatly contributes to the economy of Nigeria and the (...) -
Dollar (USD) to Naira (NGN) Black Market Exchange Rate Today 27th May 2024
27 mai, par Suotunimi OrufaThe official exchange rate of the US dollar to the Nigerian naira, as of today, 27th May 2024, is ₦1,482 per US dollar. The black market offers a higher selling rate than the official market. Dollar (USD) to Naira (NGN) Exchange Rates Today CBN Official Rate: Black Market Rate: Comparison to (...) -
Nigeria’s International Trade Declines as Letter of Credit Payments Plummet by 63% in Q1 2024
26 mai, par Suotunimi OrufaNigeria’s international trade activity has taken a significant hit. The country’s letter of credit payments dropped by 63% in the first quarter of 2024 compared to the same period last year. According to data revealed by the Central Bank of Nigeria (CBN), the total value of the letter of (...) -
Ghana’s Cocoa Regulator Seeks $1.5 Billion Loan to Bolster Next Season’s Purchases
26 mai, par Suotunimi OrufaGhana Cocoa Board (COCOBOD), the nation’s cocoa regulator, is seeking a loan of up to $1.5 billion to finance cocoa purchases for the upcoming 2024/25 season. This news comes amidst lower-than-expected cocoa output in the current season, forcing COCOBOD to adjust its borrowing strategy. (...) -
CBN : High interest rates will increase unemployment – Economists, others
26 mai, par Mfon UmanaBusiness owners have complained bitterly that the Central Bank of Nigeria’s (CBN) skyrocketing interest rate will have many adverse effects on Nigerian businesses. Their obvious reactions reached the rooftops at CBN’s third Consecutive Increase of interest since February for loans when the (...)