The exchange rate between the naira and dollar sold for an intra-day high of N815/$1 at the official Investor & Exporter Window on Wednesday, June 21, 2023. The N815/$1 rate is the highest rate traded for the dollar on the official market since records tracking started in 2018. The …
Read More »Naira falls to N770 to a dollar
The Naira on Monday, June 19, closed at N770 per dollar at the investors and exporters (I&E) window. FMDQ Securities Exchange Limited said Monday’s closing rate represents a 16.1 percent depreciation from the N663 recorded on the last trading day (Friday). Though the Naira is yet to gain …
Read More »Billion dollar ‘twist’ behind Champions League final
Manchester City will enter the Champions League final on Sunday (5am kickoff AEST) as a modern football and financial heavyweight compared to Inter Milan. That is a new twist in the European history of two clubs who have rarely operated at the same level and whose respective status, on and …
Read More »The End of Dollar Supremacy
The US dollar’s supremacy in the international financial system has long been beyond question. But countries like Brazil are attempting to break away. Opinion by Monica Hirst, Juan Gabriel Tokatlian (rio de janeiro, brazil / buenos aires, argentina) Wednesday, May 17, 2023 Inter Press Service RIO DE JANEIRO, Brazil / BUENOS …
Read More »CBN authorises foreign banks to give loans in dollar
The Central Bank of Nigeria on Monday, May 8, authorized foreign banks in the country to work with their parent companies in availing and syndicating foreign currency-denominated loans (dollar loans) to Nigerian companies. The apex bank said the policy aligns with its mandate to promote financial system stability. In the …
Read More »Philadelphia Fans Bought – and Threw – Thousands of One Dollar Hot Dogs During Loss to Marlins
The Philadelphia Phillies hosted the Miami Marlins on Tuesday with the visiting team winning 8-4 on dollar hot dog night. That’s right. For just one dollar, you could own your very own hot dog. It is a promotion that people aboslutely love because, I mean, in this economy? Are you …
Read More »BBNaija Star, Chomzy Rocks Sultry Dollar Outfit (Photos)
Former Big Brother Naija Season 7, Housemate, Chioma Ndubeze, popularly known as Chomzy, has taken to Instagram to share photos of herself rocking stunning outfits. Naija News reports that the photos capture the reality TV star rocking a black dress designed with foreign currency. Chiomzy made a ponytail hairstyle and …
Read More »Black Market Dollar To Naira Exchange Rate To 4th March 2023
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 4th March, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira …
Read More »CBN to ban dollar charges on card transactions, unveils national domestic card scheme
The Central Bank of Nigeria (CBN), in conjunction with the Nigerian Interbank Settlement System (NIBSS), has launched the Nigerian National Domestic Card Scheme named, AfriGo, aimed at creating a more robust payments system that would drive financial inclusion in the country. The move by the apex bank on Thursday, January …
Read More »Microsoft confirms multibillion dollar investment in firm behind ChatGPT
Microsoft has announced a deepening of its partnership with the company behind the artificial intelligence program ChatGPT by announcing a multibillion dollar investment in the business. It said the deal with OpenAI would involve deploying the company’s artificial intelligence models across Microsoft products, which include the Bing search engine and …
Read More »