Money Archives - Page 2 of 2

Nov

12

2022

Bureau De Change operators frustrating naira growth – Expert

Business, EconomyBusiness, CBN, Economy, Money, Nigeria

A consultant, Dr Boniface Chizea, said the activity of Bureau De Change operators is frustrating the growth of the Naira against foreign currencies. Naira recorded an appreciable rise against the dollar in the parallel market, standing at 730/$ from 900/$ a week ago. Speaking in a chat on Friday while reacting to the latest Naira rise against the Dollar, Chizea said the operation of some BDC is a significant blow to the country’s local currency. He disclosed that the Nation’s economy benefits nothing from the activities of BDC operators. He said the noticeable growth in the Naira after the clampdown…

Italy Show: Portable boasts of big money despite not being a graduates

Entertainment, LifestyleEntertainment, Lifestyle, Metro, Money, Music, Nigeria, Portable

Nigerian controversial singer and songwriter, Habeeb Okikiola, popularly known as Portable, has mocked graduates who shamed him for not going to school as he shows off dollars he was sprayed in Italy after his show. Portable, who had been out of the country for his European tour, found his way to Italy. Sharing the video of him counting the money, Portable sent a message to those saying he did not go to school. “After the performance, You no see money, your papa get money? I go buy your papa house, you say I no go school, see the money. If…

Naira falls to an eight-month low as dollar rises

NewsEconomy, Metro, Money, Next Level, Nigeria

Naira fell to an eight-month low against the dollar on Monday, depreciating 0.75 percent against the dollar in the spot market window. The local currency opened trading at N431.30 but closed at N434.75 per dollar at the close of business on Monday. data published by FMDQ where forex is officially traded, he revealed. The Nigeria Naira rose to an intraday high of N425.00 and fell to a low of N437.50 before closing at N434.75 for $1, the weakest official market rate the Naira saw in eight months. This became significant as foreign exchange turnover rose 6.6 percent ($99.68 million) from $93.54…