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“Naira closes at ₦1,537/$1, weakest pre-Xmas day rate ever
1 day ago · The exchange rate between the naira and the dollar closed at N1,537/$1 on Christmas Eve, gaining one naira from the previous day’s close of N1,538/$1. This marks the official exchange rate entering Christmas at its lowest level in history, surpassing the N885.88/$1 exchange rate recorded on ...
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Wild Week for Naira as Exchange Rate Rebounds to N1,660/$1 at …
Dec 14, 2024 · The naira had a turbulent trading week as the exchange rate to the dollar experienced sharp fluctuations in both official and parallel markets. By the week ending December 13, 2024, the official exchange rate closed at N1,540/$1, marking a slight depreciation of 0.35% compared to N1,535/$1 recorded ...
Electricity generation capacity increased by 16.04% in Q3 2024 …
3 days ago · The average electricity generation capacity in Nigeria witnessed a significant improvement in the third quarter of 2024, as reported in the latest data by the Nigeria Electricity Regulatory Commission (NERC) in its Q3 2024 report released on Friday. According to the report, the average available generation capacity across grid-connected power plants rose by an impressive 16.04%, translating to ...
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US Dollar Index hits 2-Year high as other G5 currencies decline; …
6 days ago · The US Dollar index hit a fresh high, closing above 107.74 points as of the market ending on the 18th of December 2024, attaining its strongest level in two years. This follows the Fed’s decision to lower its benchmark policy rate by 25 basis points to the range of 4.50%, with indications of two ...
Naira shows mixed performance; depreciates to N1730 in parallel …
Oct 26, 2024 · What to expect With the naira recently breaching the N1,700/$1 mark, there is potential for a short-term recovery. Global oil prices have now stabilized between $79 and $81 per barrel, and the Central Bank of Nigeria’s (CBN) consistent interventions may help ease some inflationary pressures, fostering a more positive outlook for the naira.
NAIRAMETRICS| COMPANY EARNINGS – Investor Relation …
A Federal High Court sitting in Lagos has issued a Mareva Injunction that temporarily restrains the co-founder of Seplat Energy Plc, Dr Ambrose Bryant Chukwuemeka Orjiako, popularly known as ABC Orjiako, and other firms linked to him, from accessing the …