Tag: Dollar
EFCC continues crackdown on cryptocurrency platforms, others to tackle dollar rise
The Economic and Financial Crimes Commission has instituted a further crackdown on currency speculators and cryptocurrency platforms manipulating the naira. Impeccable sources ...Steady dollar supply pushes naira to 1,262/$
The naira has continued its gain against the United States dollars, appreciating both at the official foreign exchange and parallel markets, to ...Naira closes at 900/$ at official window, drops at parallel market
The naira fell to a record low of N1,400/$ at the parallel market on Thursday despite recent efforts by the Central Bank ...Naira depreciates to N1,240/$
The naira,on Thursday,.depreciated to N1,240 per dollar in the parallel market from N1,235 per dollar on Wednesday. However, the naira appreciated to ...Govt Targets N750 To Dollar By December
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has stated that the federal government is eyeing December ...Govt seeks to stabilise naira with $10bn, eyes NNPCL for forex
The Minister of Finance, Mr. Wale Edun, has said that around $10bn of forex inflows expected within weeks rather than months. Edun ...Naira sinks to 980/dollar, FX shortage worsens
The naira continued its downward trend after exchanging to the dollar at 980/$ at the parallel market on Wednesday. A week earlier, ...Again, Naira weakens to N905/$ at parallel market, N773.4/$ at I&E window
The naira, on Wednesday, depreciated by 0.35 percent to close at N773.4/$ at the investors and exporters window. Data from FMDQ Securities ...Again, Naira falls to N775/$ at parallel market as dollar demand rises
The naira, on Friday, tumbled to N775 per dollar at the parallel section of the foreign exchange market. The figure represents an ...Crude oil buyers should pay Nigeria in naira, not dollar – Falana
Human rights lawyer, Mr Femi Falana, SAN, has condemned what he described as the dollarisation of the Nigerian economy, adding that the ...