Dollar/Naira: How Currency Hoarding Hurts Everyone in Nigeria
Nigeria’s economy is facing a turbulent storm as the dollar exchange rate soars, with the black market rate hitting N1700 to 1 […]
Tag: Dollar
Egypt Abandons US Dollar for International Trade
In a landmark decision, Egypt has officially announced its departure from the US Dollar for international trade purposes. This move is part […]
Naira Weakens Further to 1,410 Per Dollar on Black Market
In recent economic news, the value of the Nigerian naira in the parallel market has dropped to a staggering 1,410 per dollar, […]
Naira Hovers Around N1300/$ as Dollar Climbs in Unofficial Markets
In recent developments, the naira has been grappling within the N1300/$ range in the unofficial markets, while the U.S. dollar continues its […]
Tinubu’s Reforms Hit Businesses Hard as Dollar Rises and Naira Tumbles
The recent foreign exchange reforms initiated by President Bola Tinubu have wreaked havoc on Nigerian businesses. The naira has plummeted, exchanging for N747.87 […]