Dollar Archives - GISTSMATE

FG Has Spent $8 Billion To Support The Naira – Rewane

GISTSMATE 011 month ago05 mins

The Federal Government has spent approximately $8 billion in an attempt to stabilize the naira amid ongoing economic pressures. This was made known by the CEO of Financial Derivatives Company, Bismarck Rewane on Friday. Speaking on Channels Television’s News at 10 on Friday, Rewane highlighted the substantial interventions made to manage exchange rate volatility and…

Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers

GISTSMATE 014 months ago04 mins

The exchange rate between the naira and the dollar continued its rapid appreciation on the official EFEM market, closing at N1,535/$1 on Friday, December 6, 2024. This marks a significant milestone, as the naira strengthens further following three consecutive days of appreciation since the Central Bank of Nigeria (CBN) introduced the Enhanced Foreign Exchange Market…

Prayers Prevented Exchange Rate From Reaching N10,000 Per Dollar” – Pastor Adeboye

GISTSMATE 015 months ago13 mins

The General Overseer of the Redeemed Christian Church of God (RCCG) Pastor Enoch Adeboye has said without divine intervention, the exchange rate could have soared to ₦10,000 to $1. Speaking during the Special Holy Ghost Congress in Abuja, Adeboye linked Nigeria’s financial struggles to its heavy reliance on fuel imports, despite being a significant oil-producing…

Forex: FG Gives 9 Months Grace To Those Keeping Dollars Outside Banking System

GISTSMATE 015 months ago05 mins

Minister of Finance and Coordinating Minister of the Economy, Wale Edun has disclosed a new government policy that would permit Nigerians who are keeping dollars outside the banking system to bring those funds into the financial system. Edun, said such individuals have a nine-month grace period to comply with the directive without attracting legal liability…

JUST-IN: FG’s Dollar Bond Attracts $900 Million Subscription

GISTSMATE 017 months ago03 mins

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has said Nigeria’s first-ever foreign-currency domestic bond has secured $900m in subscriptions. While discussing the results of the historic bond issuance on Tuesday, Edun noted that the oversubscription reflects investor confidence in Nigeria’s economic stability and potential for growth. “The issuance of this…

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Dollar

FG Has Spent $8 Billion To Support The Naira – Rewane

Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers

Prayers Prevented Exchange Rate From Reaching N10,000 Per Dollar” – Pastor Adeboye

Forex: FG Gives 9 Months Grace To Those Keeping Dollars Outside Banking System

JUST-IN: FG’s Dollar Bond Attracts $900 Million Subscription