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Nigerian Central Bank sets new exchange rate for certain consumers
 
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Nigeria has set a new naira exchange rate for consumers with certain foreign expenses and stepped up dollar sales on the official market to narrow the spread with the black market. Analysts doubted whether the moves would draw investors back to the suffering economy. The regulator said Nigerians can now get the dollar at N360 across all commercial banks within the country. Nigeria is battling a currency crisis brought on by low oil prices. The prices have tipped its economy into a recession, hammered its dollar reserves and created chronic dollar shortages, frustrating businesses and individuals. The central bank, opposed to a free naira float, has been selling the U.S. currency on the official currency market to try to narrow the spread with the black market rate, which was at 390 last week, albeit down from 520 to the dollar a month ago.
Views: 2253 CGTN Africa
How much is Dollar, Pounds, Euro and Naira in black market for Jan 26, 2016
 
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This video gives the foreign exchange rate between the pounds and naira in the black market in Nigeria. it also gives the exchange rates of pounds, euros against the naira.
Views: 8412 UK Pool Banker
EXCHANGE RATE: NAIRA GAINED 50 KOBO AGAINST THE DOLLAR
 
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THE NAIRA, ON MONDAY, GAINED 50 KOBO AGAINST THE DOLLAR TO CLOSE AT N360. ACCORDING TO A REPORT, THE POUND STERLING AND THE EURO TRADED AT N462 AND N411, RESPECTIVELY
Views: 140 Television Nigerian
How much is dollar to naira in Nigeria black market today Feb 25, 2016
 
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This video gives the current exchange rate of the dollar to naira, the pounds to naira, and euro to naira, in Nigeria parallel or black market.
Views: 14683 UK Pool Banker
Dollar to Naira black market rate for February, 2018
 
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Kindly subscribe to our channel, like this video if this information is helpful to you. Visit newsbeatportal.com
Views: 878 UK Pool Banker
Gap between official and black market exchange rate widens in Nigeria
 
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The Nigerian Naira seems to have so far defied all intervention moves from the country's monetary authorities as it continues on a decline especially in the unofficial parallel market. The gap between the official rate and the parallel market rate is at its widest ever. Many have called for the closure of the parallel market while others say another round of devaluation of the naira will do the trick. CGTN's Deji Badmus has been looking at the arguments.
Views: 550 CGTN Africa
How much is dollar to naira in Nigeria black market today March 4, 2016
 
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This video gives a summary of the current exchange rate in the Nigeria black market for today
Views: 5362 UK Pool Banker
Emergence of the Nigerian Currency (Naira) in 100words
 
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The naira was introduced on 1 January 1973, replacing the pound at a rate of 2 naira = 1 pound. This made Nigeria the last country to abandon the £sd currency system. There was a plan to redenominate the naira at 1 new naira = 100 old naira in 2008, but the plan has been suspended. The currency sign is ₦ naira sign. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federation. It controls the volume of money supply in the economy in order to ensure monetary and price stability.
Views: 12230 Hanging-Out-With Libby
Residents And Traders Express Concern Over Increase In Exchange Rate Of Dollar To Naira
 
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Against the backdrop of the increase in the exchange rate of the dollar to naira, some residents and traders in Benin City have expressed concern over the multiplier effect on some food items.
Dollar to Naira Exchange Rate
 
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Dollar to Naira exchange rate in the international market,the naira is falling with the dollar
Views: 23 Entertainment Zone
GOOGLE ISSUES A STATEMENT ABOUT DOLLAR TO NAIRA SUDDEN RISE
 
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If you don't start making money within 24 hours after taking this course, I'll refund your money with a well-written apology. Get this course here = https://goo.gl/forms/wjnWxWeDj2PxtH583 Subscribe to my backup channel: https://www.youtube.com/channel/UCidXR4SPdoR5A4OJmnteQgg?sub_confirmation=1 Guys follow me on insta and twitter @realDavePartner https://instagram.com/realDavePartner https://twitter.com/realDavePartner Google twitter: https://twitter.com/googleafrica/status/1099059939803348993 Google africa has posted an update not an appology. They said they are aware of the issue that cased dollar to naira conversion to fall and that google dollar to naira team is working on fixing it. As at the time of filing this report google has fixed the dollar to naira covertion problem that caused to naira to appreciate 100%
Views: 661 Dave Partner
Nigeria's currency plummets as naira floated
 
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(20 Jun 2016) Nigeria's currency plummeted on Monday, losing more than 40 percent of its value as the government floated the naira for the first time in the history of the oil-producing nation. The move was forced by a spiralling economic crisis and massive shortage of foreign exchange created by slumping oil prices and aggravated by President Muhammadu Buhari's 16-month-long insistence that the Central Bank defend the naira at a fixed rate of 197 to the dollar. Other oil producers like Angola and Venezuela devalued months ago. The naira started trading on Monday at 255 to the dollar but ended with 530 million US dollars being traded at 280 to the dollar among 21 banks, according to traders who insisted on anonymity because the Central Bank has not published the figures. The naira had crashed to 370 to the dollar on the parallel market before last Wednesday's announcement that market forces will prevail amid a backlog of demand estimated at four billion US dollars by Nigerian economic analyst SBM Intelligence. Private foreign exchange dealers stopped trading on Monday as people wanting to buy foreign currency began bidding at banks, with the naira's new value to be decided by demand with no initial intervention, Central Bank officials said. The parallel market rate dropped to between 315 and 330 to the dollar. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/abe3c5a39d2fa970a69333f17aa3e573 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 147 AP Archive
Naira retains new rate against top foreign currencies
 
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All videos about Nina: http://bit.ly/BBNaija-2018-Nina All videos about Cee-c: http://bit.ly/BBNaija-2018-Cee-C All videos about BBNaija 2018: http://bit.ly/bb-naija-2018 Naira retains new rate against top foreign currencies - The Nigerian currency maintains its new rate against Dollar at parallel market- The local currency, also retained its rate against Pound and Euro - The Naira closed at N363 to a Dollar, N443 to Euro while the Pound traded at N510The Nigerian Naira on Thursday, April 12, retained its strengthened rate at the parallel market against Dollar. According to NAIJ.com findings, the local currency maintained the same rates of N363 against Dollar, N510 to £1 and N443 against Euro as it was yesterday, Ap...
Views: 13 SS NEWS
Where to Find Best Black Market Money Exchange Rate
 
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Views: 1452 HoboTraveler
Exchange Rate Episode 1
 
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Exchange rate is a comedy show that tries to find out how the present exchange rate in Nigeria is affecting Nigerian students both in diaspora and at home.
Views: 639 In Movement We Move
Price of Dollar to Naira in Nigeria Black Market
 
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This video gives the black market rates of the three major world currencies against the Naira.
Views: 1616 UK Pool Banker
Naira retains strength against Dollar, Pound and Euro
 
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- Naira maintains rate against Dollar, Pound and Euro at parallel market - The local currency closed at N362 to a Dollar, while the Pound and the Euro traded at N505 and N442, respectively The Nigerian Naira on Wednesday, May 2, maintained its appreciated rate at the parallel market against Dollar, Pound and Euro. According to NAIJ.com findings, the local currency maintained the same rates of N362 against Dollar, N505 per Pound rate and N442 per Euro as it closed on Tuesday, May 1. The Central Bank of Nigeria (CBN) continues to intervene in the interbank foreign exchange market, in line with its determination to sustain liquidity in the market and maintain stability. PAY ATTENTION: Read the news on Nigeria’s #1 new app At the Bureau De Change (BDC) window, the Naira exchanged at N362 to the dollar, while the Pound Sterling and the Euro closed N504 and N436, respectively. Trading at the investors’ window saw the Naira close at N360.67, while it closed at the CBN window N305.7. NAIJ.com previously reported that Naira on Monday, April 30, appreciated at the parallel market against Dollar, Pound and Euro. The currency strengthened to N362 per US dollar as against the N363 rate it was on Friday, April 27. Can N1 ever become $1 again at Forex Market? Watch Nigerians respond to this question on NAIJ.com TV.
Views: 97 ALY NEWS
Naira maintains N370 rate against Dollar at parallel market
 
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- The local currency stays unchanged against Dollar, Pound
Views: 95 Gina Kennedy
Nigeria's Black Market Money-Changers
 
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► Subscribe to BattaBox on YouTube: http://goo.gl/4dgy2r (Nigeria Forex) The best place to change money in Lagos is not the Forex Bureau or the bank - but the street corner with the Mallams where you can haggle for the best black-market rate and any currency: "I change all currency - I change Dollar, Pounds, Euro, Chinese currency, Dubai currency, all sorts of currency worldwide," says Mr Balai. Watch our report on Nigeria's best place to change money: (Nigeria Forex) Nigeria's Black-Market Money-Changers - how to change money in Nigeria: Officially, Nigerians are supposed to go to the bank to change foreign currency - especially due to the fear of scams and thieves taking your money. However, the 'black market' money-changers are to be found in most districts of Lagos, for example, at Allen Roundabout or along King's Way in Ikoyi. The reason, says the Mallams of our black-market Nigeria Forex, is simple: "If you buy at a bank, they will buy at a low price - but we buy higher and that is why people come to us," says Balai. "If you get $200 or $20, you no go go bank, you go come change am quick get your money," says Alhaji Yaya. "If you go to the bank you go waste time like 30 mins or 20 mins, here highest 5 mins or 1 minute you don go." Although most of the money changers are not educated from school, but when it comes to exchange rates, they are highly literate. But how do they keep up with the fast changing international rates of the global currencies such as the dollar..? "The prices comes from the CBN, the first thing in the morning is to know the prices before you start your transactions." explains Mr Balai. December is the busiest time as many Nigerians return from aboard - especially the US and UK - and bring with them plenty of foreign currency. Trust is an essential part of the transaction - any good money-changer will encourage you to count your money before you leave. But still problems remain, as Mr Balai explains: "Sometimes people come with fake money and sometimes you might not know until later after they've gone," he says. "But the honest people will come back." **** CLICK HERE TO SUBSCRIBE FOR NEW BATTABOX VIDEOS EVERYDAY: http://goo.gl/vJfFY ... YouTube: http://www.youtube.com/user/BattaBox ... Website: http://BattaBox.com ... Google+: http://www.google.com/+BattaBox ... Twitter: http://twitter.com/BattaBoxNigeria ... Facebook: http://www.facebook.com/BattaBox **** BattaBox is Nigeria's most exciting Nigeria News & Entertainment channel based in Lagos! We are the fact behind Nigerian Movies fiction, a few stories on Nigeria Forex, Nollywood in real-life and much more! **** Thank you for supporting BattaBox by clicking "Subscribe" and sharing the video with your friends with the buttons below! -- #BattaBox #BattaBoxNG #Nigeria #NigerianComedy #NigerianMusic #NigeriaFashion #NigerianNews #HowTo #Shocking
Views: 26112 BattaBox
Currency Devaluation: Naira hits N186 in black market
 
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With the devaluation of Nigeria's currency by the Federal Government, the exchange rate for the dollar at the black market, yesterday stood at between N182 and N186. Subscribe to our YouTube channel www.youtube.com/silverbirdtelevision Silverbird Television is the leading entertainment Television station in Nigeria, providing its audience with up to date News, sports, entertainment programmes. SilverbirdTV through it's Dream Network (Lagos, Awka, Jos, Abuja, Port Harcourt and their environs) provides its audience with it's popular TV breakfast show "Today on STV", current affairs, Top notch TV shows, Nigerian/Nollywood Movies, Nigerian News, African News, World News etc. Silverbird Television is part of the Silverbird Group, a diversified multi-media company with holdings in Radio, Television, Real Estate, and Cinemas owned by Mr. Ben Murray-Bruce. Silverbird's Most Beautiful Girl in Nigeria (MBGN) brand produced the first and only black African Miss World in 2001, Agbani Dorego. STV's entertainment programmes features Nigerian artistes such as Don Jazzy, Tiwa Savage, Davido, Wizkid, Banky W, Flavour, P Square, Yemi Alade, Olamide amongst others. STV can be watched live at www.silverbirdtv.com
Exchange Rate Of The Naira
 
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Despite the Central Bank Of Nigeria stopping the sale of foreign exchange to Bureau De Change operators in the country, the Naira has continued to depreciate. Watch all the latest stories making headlines on Silverbird Television at the comfort of your mobile device, tablet or PC. Click www.silverbirdtv.com/live to watch live Silverbird Television is the leading entertainment Television station in Nigeria, providing its audience with up to date News, sports, entertainment programmes. SilverbirdTV through it's Dream Network (Lagos, Awka, Jos, Abuja, Port Harcourt and their environs) provides its audience with it's popular TV breakfast show "Today on STV", current affairs, Top notch TV shows, Nigerian/Nollywood Movies, Nigerian News, African News, World News etc. Silverbird Television is part of the Silverbird Group, a diversified multi-media company with holdings in Radio, Television, Real Estate, and Cinemas owned by Mr. Ben Murray-Bruce. Silverbird's Most Beautiful Girl in Nigeria (MBGN) brand produced the first and only black African Miss World in 2001, Agbani Dorego. STV's entertainment programmes features Nigerian artistes such as Don Jazzy, Tiwa Savage, Davido, Wizkid, Banky W, Flavour, P Square, Yemi Alade, Olamide amongst others. STV can be watched live at www.silverbirdtv.com
Views: 1033 Silverbird Television
Naira maintains N366 rate against Dollar at parallel market
 
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- The local currency maintains the same rate against Dollar at parallel market - The local currency, however, appreciated against Pound and Euro - The Naira closed at N366 to a Dollar, N428 to Euro while the Pound traded at N498
Views: 61 Gina Kennedy
Naira slips against pound, euro at parallel market ▷ naij.com
 
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All videos about Nina: http://bit.ly/BBNaija-2018-Nina All videos about Cee-c: http://bit.ly/BBNaija-2018-Cee-C All videos about BBNaija 2018: http://bit.ly/bb-naija-2018 Naira slips against pound, euro at parallel market ▷ naij.com The Nigerian naira stays unchanged against Dollar at the parallel market The local currency however slips against Euro and Pound The Naira closed at N364 to a Dollar, while the Pound and the Euro traded at N492 and N440, respectively The Nigerian Naira on Wednesday, January 17, retained its rate at the parallel market against Dollar. According to NAIJ.com findings, the local currency maintained the same rates of N364 against Dollar, as it was yesterday, January 16, but slipped against Euro by 6...
Views: 28 SS NEWS
TRAGIC: Naira Hits A New Low
 
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The naira has hit a new low against the dollar in the black market. A Nigerian currency trader says: "It sold for N241 to a dollar on Monday, as importers banned from accessing hard currency at the official interbank market by the central bank three weeks ago scramble for hard currency in the unofficial market". Another reason for the sharp decline in Naira is due to the low oil prices and government finances. Nigerian stocks also fell to a more than three-month low and the Naira hit another record low on the parallel market on Monday, as central bank restrictions fed unofficial trade in dollars, traders said. The local bourse, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, dropped for the ninth consecutive day as investors shed banking, consumer and oil shares. Sub-Saharan Africa’s second biggest stock index closed down 0.32 percent on Monday, 11.5 percent lower than its 2015 peak, hit on April 2 having soared 12.2 percent in the two sessions after Muhammadu Buhari won a closely-fought presidential election. The index of Nigeria’s top 10 consumer goods stocks declined 1.15 percent on Monday, weighing on the all-share index. The top decliners were Flour Mills , Honeywell Flour Mills and Union Bank , all down more than 4.9 percent each. The central bank has said it would not be focusing on the thinly-traded parallel market when determining the exchange rate, adding that people preferred to use the unofficial market for undocumented transactions.
Nigeria Multiple Exchange Rates: Government struggles to harmonize forex rates
 
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Nigeria's Central Bank is facing the difficult task of harmonising the multiple foreign exchange rates in the country, some of which it ironically created. There are at least six exchange rates for various market segments in the country and the apex bank has been opening more windows in an attempt to bridge the gap between the official rate and that of the black market. CGTN's Deji Badmus explains the situation. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 216 CGTN Africa
CBN boosts foreign exchange market with $210m as exchange rate goes for N362 to a dollar
 
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- The CBN has injected $210m into the foreign exchange market to boost liquidity - The acting director of corporate communications of the apex bank, Isaac Okorafor said that each dealer in the banking sector got a $100m allocation - Okorafor stated that the reason for the continuation of intervention in the interbank foreign exchange market was to sustain stability in the system In another round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, May 15, injected 210 million dollars into the inter-bank foreign exchange market to boost liquidity in the system. The acting director of corporate communications of the apex bank, Isaac Okorafor, in a statement in Abuja, said the CBN allocated 100 million dollars to dealers in the wholesale sector, the News Agency of Nigeria (NAN) reports. READ ALSO: Why is Buhari allowing corruption to fight him back? - Balarabe Musa He said also the Small and Medium Enterprises (SMEs) segment and invisibles received 55 million dollars each. Okorafor, said the continued interventions in the interbank foreign exchange market was mainly to ensure sustained liquidity and stability in the market. According to him, the interventions by the CBN had impacted the market positively and guaranteed a stable exchange rate for the Naira, which has since stabilised the foreign exchange market. He reiterated that the CBN's interventions had reduced the country’s import bills and led to accretion to its foreign reserves. PAY ATTENTION: Get the Latest Nigerian News Anywhere 24/7. Spend less on the Internet! Meanwhile, the naira exchanged at N362 to a dollar in the Bureau De Change segment of the market. Meanwhile, NAIJ.com reported that the Nigerian Naira on Monday, May 14, retained its strengthened rate at the parallel market against Dollar. According to NAIJ.com findings, the local currency maintained the same rates of N363 against Dollar, N500 to £1 and N430 against Euro as it was on Friday, May 11. Can 1 Naira ever become 1 US dollar again on the Forex market? On NAIJ.com TV
Views: 5 ALY NEWS
Nigerians expect official rate to follow as Naira weakens against dollar
 
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Nigerian currency, Naira, has lost a third of its value on unofficial "parallel markets" since last month. Even though the Naira is plunging on the street, as a result of the collapse of global prices for oil exports, the official exchange rate is yet to budge. "With the exchange rates, with the economy so far now, it's not really helping us because the exchange has really gone high and with the goods we have now people are not really responding," said Chioma Oluwaseun, a wholesaler. Commer… READ MORE : http://www.africanews.com/2016/01/25/nigerians-expect-official-rate-to-follow-as-naira-weakens-against-dollar Africanews is a new pan-African media pioneering multilingual and independent news telling expertise in Sub-Saharan Africa. Subscribe on ourYoutube channel : https://www.youtube.com/c/africanews Africanews is available in English and French. Website : www.africanews.com Facebook : https://www.facebook.com/africanews.channel/ Twitter : https://twitter.com/africanews
Views: 220 africanews
Naira is the biggest loser against the U.S. Dollar
 
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Expectedly, Nigeria's Naira heads the list of currencies that have fallen the most against the Dollar so far this year. The Naira's plummet is mainly due to a long-overdue floating of the currency on the 20th of June. Mozambique's Metical is next, having lost over a quarter of its value to the dollar, followed by Sierra Leone's leone. Angola's Kwanza, which has been devalued, is next, followed by Guinea's Franc. Egypt's Pound, which is expected to be devalued further, is down 11.86% against the dollar, in the year to date.
Views: 4970 CGTN Africa
Nigeria's currency falls to N350 per dollar in parallel market
 
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Earlier this week, Nigeria's Central Bank said it would set up a more "flexible" exchange rate policy, but so far the details of how it will be implemented, are not clear. On Thursday, the Central Bank told currency traders to submit bids for dollars at the current, fixed rate of 197 Naira to the Dollar.
Views: 1234 CGTN Africa
Can 1 Naira ever become 1 US dollar again on the Forex market? | Legit TV
 
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One of the reasons Nigerians are lamenting about the state of the nation is that the forex is very expensive these days. Our correspondent therefore took to the streets of Lagos to ask Nigerians if they think 1 Naira can ever equal 1 Dollar again. What's your take? Subscribe to Legit TV for more political and celebrity news! https://goo.gl/WtN4Yv Current affairs - Nigeria News | Legit TV - https://bit.ly/2qZIi3V The latest Africa and Nigeria News on Legit TV! Daily current affairs and crime news. Issues of public concern and statements of opinion leaders. Political news, comments, and scandals. The views of experts and street interviews of ordinary citizens of Nigeria. Breaking news and updates. What's troubling people in Africa? And what news stories are the most discussed in Nigeria today? Save this playlist to be the first who gets the answers! Naija lifestyle | Legit TV - https://bit.ly/2qZNBzu This playlist contains videos under the heading “Naija LifeStyle”. Here you can find the latest Nigeria entertainment news. Do you like watching people answering tricky questions in the street interviews? Are you interested in gossip news? Do you want to know more about public and personal lives of Nigerian music artists, actors, and other famous people? Are you a music fan who wants to be the first to watch the newest music videos of Nigerian pop-stars and rock-bands? If at least one of your answers is “yes”, save this playlist and have fun! Special projects | Legit TV - https://bit.ly/2HwHUAj This playlist contains videos under the heading “Special projects” on Naij.com TV. Hilarious comedy videos about life in Nigeria. Nigerian opinions on politics. Overviews of big political conflicts and social problems that concern the society. Success stories of self-made men and women. Exclusive interviews with public figures and your favorite stars. And amazing life stories of unusual and talented Nigerians which can inspire you. Save this playlist to get interesting content every day! Nigeria Top List | Legit TV - https://bit.ly/2JwAP3s In this playlist, we've collected videos that can broaden your horizons. The team of Legit TV regularly chooses top 5 interesting facts on different topics related to Africa. What were the biggest Africa’s scandals of the year? Who are the best football players in Nigeria? What interesting facts should you know about the Igbo people? Do you have the answers to these questions? Watch our top lists to stay on top of Nigeria entertainment news and learn more about Africa and Africans! Star Chat | Legit TV - https://bit.ly/2JtOqbL Are you looking for the latest news about famous Nigerians? Do you want to become closer to your favorite Nigerian celebrities? Do you want to watch only the best interviews with your favorite stars? Whatever your idols are doing, you will find it in this playlist. Also, you can be the first to know hot gossips, always stay on top of the biggest celebrity scandals and details of their personal lives. Save this playlist and get access to all Nigerian showbiz and entertainment news you are interested in. Sports news | Legit TV - https://bit.ly/2FjHqvh Do you want to enjoy updates on international sports events and the most important sports news of Nigeria? Watching this playlist, you can get the best sports coverage. The Naij.com TV team is bringing you the latest Nigerian and international sports news, gossips, and interviews. Watch football highlights and reviews of premier league football matches. Be the first to know boxing news and fights results. And, of course, enjoy vox-pop interviews of other passionate sports fans. ___ Do you want to know more about Nigeria breaking news? Connect with Legit TV! Visit Legit TV Site: https://www.legit.ng/ Follow Legit TVon Twitter: https://twitter.com/naijcom Follow Legit TV on Facebook: https://www.facebook.com/naijcom/ Follow Legit TV on Instagram: https://www.instagram.com/naijcomnews/ Follow Social project Street Gist: https://goo.gl/Nn3QEd #LegitTV #naijcomtv #Legit #nigerianews
Views: 38517 Legit TV
Aboki Forex App Updated
 
01:45
Aboki Forex, Naira Exchange Rate App, converts 168 world currencies including Bitcoin. See the new version... https://play.google.com/store/apps/details?id=com.greatcallie.abokiforex iOS: https://appsto.re/ng/muUmeb.i
Views: 2799 Calistus Ibeme
Nigerian government scraps fixed exchange rate in favor of floating rate
 
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Nigeria's Naira slumped 23 percent against the dollar on Monday after the central bank removed its currency peg to pursue a more liberal currency policy. The move was meant to put an end to chronic foreign currency shortages that have choked growth in Africa's biggest economy.
Views: 1282 CGTN Africa
Nigeria's Central Bank to devalue Naira
 
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Nigeria's central bank may devalue its currency in the next few months. But this could be preceded by a hike in interest rates next week and again in November, to control inflation. According to 12 analysts polled by Reuters, the Naira would be devalued by at least 15%. Central Bank of Nigeria Governor Godwin Emefiele said in March the bank would keep the naira exchange rate stable, despite a sharp fall on the parallel market, due to a dollar shortage.
Views: 362 CGTN Africa
What are the similarities between the Naira and your Ex? | Legit TV
 
03:18
As surprising as this comparison might seem, there is much more in common between the Nigerian economy and your failed relationship than you think. Official market, black market, exchange rate gap, love, despair and broken promises in Legit TV new special project. Subscribe to Legit TV for more political and celebrity news! https://goo.gl/WtN4Yv Current affairs - Nigeria News | Legit TV - https://bit.ly/2qZIi3V The latest Africa and Nigeria News on Legit TV! Daily current affairs and crime news. Issues of public concern and statements of opinion leaders. Political news, comments, and scandals. The views of experts and street interviews of ordinary citizens of Nigeria. Breaking news and updates. What's troubling people in Africa? And what news stories are the most discussed in Nigeria today? Save this playlist to be the first who gets the answers! Naija lifestyle | Legit TV - https://bit.ly/2qZNBzu This playlist contains videos under the heading “Naija LifeStyle”. Here you can find the latest Nigeria entertainment news. Do you like watching people answering tricky questions in the street interviews? Are you interested in gossip news? Do you want to know more about public and personal lives of Nigerian music artists, actors, and other famous people? Are you a music fan who wants to be the first to watch the newest music videos of Nigerian pop-stars and rock-bands? If at least one of your answers is “yes”, save this playlist and have fun! Special projects | Legit TV - https://bit.ly/2HwHUAj This playlist contains videos under the heading “Special projects” on Naij.com TV. Hilarious comedy videos about life in Nigeria. Nigerian opinions on politics. Overviews of big political conflicts and social problems that concern the society. Success stories of self-made men and women. Exclusive interviews with public figures and your favorite stars. And amazing life stories of unusual and talented Nigerians which can inspire you. Save this playlist to get interesting content every day! Nigeria Top List | Legit TV - https://bit.ly/2JwAP3s In this playlist, we've collected videos that can broaden your horizons. The team of Legit TV regularly chooses top 5 interesting facts on different topics related to Africa. What were the biggest Africa’s scandals of the year? Who are the best football players in Nigeria? What interesting facts should you know about the Igbo people? Do you have the answers to these questions? Watch our top lists to stay on top of Nigeria entertainment news and learn more about Africa and Africans! Star Chat | Legit TV - https://bit.ly/2JtOqbL Are you looking for the latest news about famous Nigerians? Do you want to become closer to your favorite Nigerian celebrities? Do you want to watch only the best interviews with your favorite stars? Whatever your idols are doing, you will find it in this playlist. Also, you can be the first to know hot gossips, always stay on top of the biggest celebrity scandals and details of their personal lives. Save this playlist and get access to all Nigerian showbiz and entertainment news you are interested in. Sports news | Legit TV - https://bit.ly/2FjHqvh Do you want to enjoy updates on international sports events and the most important sports news of Nigeria? Watching this playlist, you can get the best sports coverage. The Naij.com TV team is bringing you the latest Nigerian and international sports news, gossips, and interviews. Watch football highlights and reviews of premier league football matches. Be the first to know boxing news and fights results. And, of course, enjoy vox-pop interviews of other passionate sports fans. ___ Do you want to know more about Nigeria breaking news? Connect with Legit TV! Visit Legit TV Site: https://www.legit.ng/ Follow Legit TVon Twitter: https://twitter.com/naijcom Follow Legit TV on Facebook: https://www.facebook.com/naijcom/ Follow Legit TV on Instagram: https://www.instagram.com/naijcomnews/ Follow Social project Street Gist: https://goo.gl/Nn3QEd #LegitTV #naijcomtv #Legit #nigerianews
Views: 2625 Legit TV
Naira retains strength against Dollar, Pound, slips against Euro
 
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All videos about Nina: http://bit.ly/BBNaija-2018-Nina All videos about Cee-c: http://bit.ly/BBNaija-2018-Cee-C All videos about BBNaija 2018: http://bit.ly/bb-naija-2018 Naira retains strength against Dollar, Pound, slips against Euro - The Naira maintains rate against Dollar at parallel market - The local currency, however, slipped against Euro- The Naira closed at N363 to a Dollar, N445 to Euro while the Pound traded at N510The Nigerian Naira on Monday, April 16, retained its strengthened rate at the parallel market against Dollar. According to NAIJ.com findings, the local currency maintained the same rates of N363 against Dollar, as it was last week, but slipped against Euro. Last week the Central Bank of Nigeria (CBN) was...
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Security agents raid black market dealers to halt naira's slide
 
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Nigerian security agents have raided the offices of black market currency dealers, detaining some and ordering others to sell dollars at a lower rate in a bid to break the fall of the currency. The central bank has been unable to stop the naira's slide on the black market, where importers buy dollars due to the hard currency shortage. Nigeria has been hammered by a slump in prices for oil, a key source of revenue, in the form of dollars. The bank has kept the official naira-to-dollar rate artificially high, effectively driving hard currency dealing away from commercial lenders and towards the black market.
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Dollar To Naira
 
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After Nigeria China swap deal, Naira maintains N362 rate against Dollar
 
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- The local currency maintains the same rate against Dollar at parallel market - The local currency, however, appreciated against Pound and slipped against Euro - The Naira closed at N362 to a Dollar, N425 to Euro while the Pound traded at N488 The Nigerian Naira on Tuesday, June 19, retained its rate at the parallel market against Dollar. According to NAIJ.com findings, the local currency maintained the same rates of N362 against Dollar, N425 to Euro and N488 to Pound as it was on Monday, June 18.Last week currency traders said that the naira was set to appreciate significantly at the parallel market as the Nigeria China swap deal takes effect. PAY ATTENTION: Read the news on Nigeria’s #1 new app Naira maintains rate against DollarNAN reports that the Nigerian government entered into a 2.4 billion dollars currency swap deal with the People’s Republic of China. The CBN noted that the deal would finance trade and direct investment between China and Nigeria, and maintain financial market stability, among other benefits. Can 1 Naira ever become 1 US dollar again on the Forex market? - on NAIJ.com TV. Subscribe to watch new videosSource: Naija.ng Show Comments Think it is important? Share with your friends!
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Nigeria government cracks down on black market currency dealers
 
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Nigeria is clamping-down on black market money dealers in its attempts to support the local currency, the naira. The government blames volatility of the unit on currency dealers in the informal black market. CCTV's Kelechi Emekalam has more on that story.
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Nigeria's Central Bank asked to unify the multiple exchange rates
 
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Exchange bureaus in Nigeria have asked the central bank to step up efforts to unify the country's multiple exchange rates to sustain gains in the local currency. Africa's biggest economy has at least six exchange rates. These include one for Muslim pilgrims going to Saudi Arabia, a retail rate set by licensed exchange bureaus, and a rate for foreign travel and school fees, in addition to the official and black market rates. Nigeria is battling a currency crisis brought on by low oil prices which tipped its economy into recession and created chronic dollar shortages. It wants to attract foreign investors and strengthen its currency to ward off inflation. The central bank has been intervening on the official market in the last few weeks to try to narrow the spread between rates on the official market and black market. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
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Nigeria Central Bank to sell off $500 million to improve dollar liquidity
 
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Nigeria's central bank will sell $500 million to help improve dollar liquidity a day after the bank effectively devalued the naira for retail currency sales. Nigeria has been running short of dollars as its oil revenues have fallen along with the price of crude. That has driven the naira to a low of 520 to the dollar on the black market, far weaker than the official inter-bank rate of 305.
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Nigeria's Central Bank governor warns of wider deficit unless oil prices rise
 
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Nigeria's central bank governor, Godwin Emefiele has been criticized for his handling of the country's foreign exchange policy. Despite adopting a flexible exchange rate policy in June this year, the naira has continued to slide against major currencies like the dollar -- especially in the unofficial black market. Addressing a forum of bankers in Lagos, Emefiele blamed the current economic crisis on the mismanagement of past forex gains. He's warned that Nigeria's external reserves may continue to dwindle as long as oil prices remain low.
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Naira slips against Dollar, Pound at parallel market
 
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All videos about Nina: http://bit.ly/BBNaija-2018-Nina All videos about Cee-c: http://bit.ly/BBNaija-2018-Cee-C All videos about BBNaija 2018: http://bit.ly/bb-naija-2018 Naira slips against Dollar, Pound at parallel market - The Naira has slipped against the foreign currency at the parallel market - Naira has dropped one point to close the day at N363/$1 from N362/$1 - The local currency stays unchanged against Euro The Nigerian Naira on Wednesday, April 11, slipped against the American Dollar and Pound at the parallel market. According to NAIJ.com findings, the local currency dropped one point to close the day at N363/$1 from the previous rate of N362/$1, but maintained same rate of N443 against Euro. Naira slips...
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The Best Naira, Dollar & Bitcoin Exchange - Trade Naira
 
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FOREIGN EXCHANGE: NAIRA APPRECIATED TO N364.77/$ IN I&E WINDOW
 
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FOREIGN EXCHANGE: NAIRA APPRECIATED TO N364.77/$ IN I&E WINDOW
OIL'S IMPACT ON CURRENCY REGIMES
 
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https://cnb.com/global-perspectives This week crude oil fell to a four-year low, and while this is helping global growth in the foreign exchange market, it is shaking up the oil-exporting nations’ fixed exchange-rate regimes. In countries such as Saudi Arabia, Nigeria, Venezuela, and Russia, oil and gas accounts for 50% to 85% of exports. These countries have a quasi-pegged exchange-rate regime because they don’t want falling commodity prices to result in lost export revenues because of exchange rate fluctuations. But with the U.S. dollar rising as rapidly as it is right now, these countries are under increasing pressure to devalue their currencies. If they don’t, their central banks will have to keep on using up their foreign exchange reserves to sell U.S. dollars and buy up their own currencies as a defensive move. The Russian central bank was the first to throw in the towel this week, ending its system to peg the ruble to the U.S. dollar and euro. This is because the central bank has spent over $55 billion from its reserves to shore up its currency, only for the ruble to lose 40% of its value since July. The central bank still has sufficient reserves but there was no point in throwing more money at the problem with so little to show for it. Nigeria’s foreign exchange reserves also hit a four-month low this week, as its central bank worked to defend its currency, the naira. Nigeria has a tighter fixed-rate regime, but even so, the naira has fallen by about 6% since July and the market has already priced in a 17% devaluation of this currency after Nigeria’s presidential election in February. Saudi Arabia, by far the largest oil exporter in the world, has had its riyal firmly pegged at 3.75 to the dollar since the 1980s. Even this rock-solid rate has recently been challenged by the market. My View: Fixed exchange rates should reflect long-term equilibrium levels if they are to remain stable. The fact that these oil-exporting nations are struggling to maintain their peg suggests that oil prices may remain low for a longer period. But it also means that in today’s world, one country’s central bank can no longer handle the huge amount of capital flows if their currency is too overvalued.
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