Tag: Economic Policy
50 Dollars Equals 80,000 Naira at Current Exchange Rate
Fifty U.S. dollars is now equivalent to 80,000 Nigerian naira at the current black market exchange rate, reflecting a steep depreciation of the naira amid economic instability. The conversion, based on unofficial trading rates...
Pound to Naira Exchange Rate Hits New High Today
The pound to naira exchange rate surged to a new high today, with £1 trading at N1,250 on the parallel market, according to financial analysts and currency traders in Lagos. The sharp rise follows...
Naira Drops to 50 Euro in Latest Forex Market Shift
The Nigerian naira dropped to 50 euros for every 1 naira in the latest forex market shift, marking a significant depreciation against the euro, according to recent trading data. The decline, observed in the...
Tinubu Announces Major Policy Shifts Amid Economic Challenges
President Bola Ahmed Tinubu announced sweeping economic policy changes on Monday in Abuja, Nigeria, as the country grapples with rising inflation and currency depreciation. The reforms include the removal of fuel subsidies, a new...
Australian Dollar Strengthens Against Nigerian Naira
The Australian dollar strengthened against the Nigerian naira on , with the exchange rate reaching amid rising demand for the Australian currency and economic pressures in Nigeria. The shift, driven by , marks...
Canadian Dollar Strengthens Against Naira Amid Economic Shifts
The Canadian dollar (CAD) strengthened against the Nigerian naira (NGN) this week, reaching a near-record high amid shifting economic conditions, according to foreign exchange data. The currency pair hit 1 CAD to 1,150 NGN...
Dollar to Naira Exchange Rate Hits New High Today
The dollar to naira exchange rate surged to a new high today, reaching 1,500 naira per dollar in Nigeria’s parallel market, according to financial analysts and currency traders. The sharp rise comes amid persistent...