Tag: Dollar
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Naira Weakens To N1,382/$ In Parallel Market
By Opeyemi Adelakun The naira depreciated further against the United States dollar on Monday, falling to N1,382 per dollar in the parallel market from N1,378 recorded at the weekend. The currency also weakened in the Nigerian Foreign Exchange Market, NFEM, where it closed at N1,331.5 per dollar, compared with N1,330 per dollar recorded last weekend.…
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Naira Gains As FX Supply Improves, Reserves Rise To $52.66bn
By Opeyemi Adelakun The naira strengthened against the United States dollar last week, supported by improved foreign exchange supply and increased liquidity in the market. The local currency closed at N1,346.49 per dollar in the official market, gaining N11.11 during the five trading days under review, according to data from the Central Bank of Nigeria.…
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Most of the Dollars Sprayed at My Wedding Were Fake — Peller Laments
By Sunday Ameh Popular Nigerian content creator and streamer, Peller, has disclosed that a large portion of the dollar bills sprayed on him during his recent wedding ceremony with his wife, Jarvis, turned out to be counterfeit. Speaking during a recent livestream, Peller said he visited a bank after the wedding to exchange the dollar…
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Dangote Refinery Reportedly Switches Petrol Sales to Dollars, Ends Naira Transactions
By Opeyemi Adelakun Dangote Petroleum Refinery has officially ended naira-denominated sales of refined petroleum products, introducing a dollar-based pricing structure that fixes the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, at $0.779 per litre. The new pricing template, which took effect on July 13, 2026, also pegs Automotive Gas Oil (diesel)…