Business & Economy Naira increases significantly against the US dollar According to data from FMDQ, the Naira showed a significant rise at the official foreign exchange market at the start of Monday’s workweek. ... By Rachael AiykeJanuary 16, 20240
Business & Economy Crude oil buyers should pay Nigeria in naira, not dollar – Falana Human rights lawyer, Femi Falana, SAN, has condemned what he described as the dollarisation of the Nigerian economy, adding that the country has ... By Uchechi OjoMay 8, 20230
Business & Economy Naira trades at N756/$1 at the black market on Valentine’s day Naira remained flat against the US dollar at the black market on Tuesday, 14th February 2023, trading at an average of N756/$1, this ... By Uchechi OjoFebruary 14, 20230
News Naira Scarcity: Youths begin 14-day nationwide protest Friday Nigerian youths under the aegis of the National Youth Council of Nigeria on Thursday said they would organize a 14-day nationwide protest over ... By Uchechi OjoFebruary 9, 20230
News IGP orders arrest of people selling, rejecting, spraying Naira The Inspector General of Police (IGP), Usman Alkali Baba, has ordered the arrest and subsequent prosecution of all individuals engaged in the sale ... By Uchechi OjoFebruary 4, 20230
Business & Economy Naira depreciation adds N9tn to foreign debt burden The value of the naira to dollar fell from N196.92 in June 2015 to N414.72 in June 2022, worsening Nigeria’s foreign debt burden. ... By Uchechi OjoDecember 6, 20220
Business & Economy Naira depreciates against dollar amid CBN’s move to change banknotes The Naira on Thursday exchanged at 444.50 to the dollar at the Investors and Exporters window, a depreciation of 0.64 per cent, compared ... By Uchechi OjoOctober 28, 20220
EFCC EFCC hails CBN, moves to clampdown on currency hoarders The Economic and Financial Crimes Commission, EFCC, has applauded the move by the Central Bank of Nigeria, CBN, to redesign and reissue higher ... By Editor-in-ChiefOctober 26, 20220
Business & Economy BREAKING: Naira falls to N700/$1 at black market The naira has crashed further in the parallel market, trading for N710 against the U.S. dollar on the exchange platform Aboki Forex. Checks ... By Uchechi OjoJuly 27, 20220
Business & Economy Naira loses by 0.12%, exchanges at N419.50 to dollar The Naira on Thursday, depreciated at the Investors and Exporters window, exchanging at N419.50 to the dollar, a 0.12 per cent depreciation, compared ... By Uchechi OjoJune 2, 20220