Naira
Again, Naira declines against US dollar
The Nigerian naira’s downward trend continued on Wednesday, hitting N1,654.09/$1 at the official foreign exchange market, a N1.07 increase from the previous day’s...
Naira Defies Global Trends, Appreciates 5.7% Against Dollar
The Nigerian naira staged a surprising comeback on Monday, appreciating 5.7 percent against the US dollar at the official market, despite the dollar...
Naira appreciates 4.49% against the dollar, closing at N1,561.76
The Nigerian naira strengthened significantly against the US dollar on Tuesday, closing at N1,561.76 in the official Investor and Exporter (I&E) window. This...
Glory days ahead for the naira – CBN Gov. Cardoso
Dr. Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), says the apex bank is pleased with the progress it has...
Naira surges by 9.68% at the official window, closing at N1,339.33/$1
The Nigerian naira appreciated significantly against the US dollar on Monday, closing the day at N1,339.33/$1 in the official foreign exchange market. This...
Naira bullish gains restore confidence among investors, businesses – CBN Gov. Cardoso
The Governor of the Central Bank of Nigeria (CBN), Dr. Yemi Cardoso, said Naira bullish gains will attract foreign investment and restore confidence...
Discard your dollars to avoid tears, Naira will bounce back fast – Presidency
To avoid sorrow and tears, the Presidency has advised Nigerians to dispose of their dollars, predicting that the naira is bouncing back at...
Naira strengthens to N1400/$ at parallel market as speculators sell
The naira strengthened on Wednesday to close at N1400/$1 in the parallel section of the foreign exchange market. Persecondnews reports that the exchange...
Nigeria lacks sufficient reserves to tackle FX demands, backlog in the market, says expert
An economist, Mr. Esili Eigbe, has said Nigeria lacked sufficient reserves to tackle the demands for foreign exchange and the backlog in the...
Lagos Assembly worries about Naira value, urges FG, CBN to take bold steps to shore up its value
The Lagos State House of Assembly has decried the continued downward slide in the value of the naira against the dollar. As at...
Forex: CBN working towards genuine price discovery – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, has said that the bank will work towards real price discovery...
No plans to redenominate the Naira – CBN
The Central Bank of Nigeria (CBN) has refuted report in a section of the media that it plans to redenominate the Naira with...
Petrol pump price moves up to N617
Oil marketers on Tuesday increased petrol pump price shockingly from N537 per litre to N617 per litre, showing an additional N80 hike. The...
Bharti-Airtel Worldwide boss lauds Tinubu’s scrapping of multiple foreign exchange rates, digital infrastructure for citizens
President Bola Tinubu has been lauded for the scrapping of multiple foreign exchange rates and the introduction of a unified, single exchange rate...
CBN has not devalued the Naira — Spokesman
Contrary to a report, the Central Bank of Nigeria (CBN) says it has not devalued the Naira to N631 per dollar at the...
10 Benefits of Petroleum Subsidy Removal You Must Know
1. Infrastructural Development: Frees up public funds for more meaningful infrastructure and developmental program that stimulates industrialization, create jobs, economic growth and social...
