Tag: Naira
[OPINION] Will the naira ever rise again?
Someone recently said on social media, and I agree in toto, that the exchange rate has the biggest impact on the costs ...Naira falls to N1260/$ in parallel market
The naira depreciated yesterday to N1,260 per dollar in the parallel market from N1,220 per dollar on Tuesday. Similarly, the naira depreciated ...CBN blames hoarding for naira scarcity, says ‘N3.4 trillion in circulation’
The Central Bank of Nigeria says it is addressing the reported cases of cash scarcity in some parts of the country. Speaking ...Naira continues free fall, depreciates by 11% to N927.19/$ at official market
The naira, on Friday, depreciated marginally to N927.19 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official exchange ...Naira falls to N1, 000/$ in official market
Despite recent moves by the Central Bank of Nigeria to strengthen the foreign exchange market, the naira closed trading on the Investor ...Naira Gains Massive Strength, Exchanges For N900
The value of dollar to naira fell sharply, on Friday, with the local currency exchanging below N1000 in the parallel market. This ...Liquidity concerns persist, as Naira exchanges 1,185/$
The naira exchanged at 1,185/$ on Wednesday at the parallel market, as liquidity challenge persisted, according to some Bureau de Change Operators. ...No plans to re-denominate naira — CBN
The Central Bank of Nigeria has said that it has no plan to re-denominate or restructure the naira notes in 2024. The ...Reps Summon Naira Marley Over Mohbad’s Royalties
The House of Representatives on Thursday summoned Azeez Fashola (Naira Marley) to appear before it as part of its moves to secure ...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 ...
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