Naira

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...

Just in: CBN increases interest rate to 18.50 percent

The Central Bank of Nigeria (CBN), after a two-day Monetary Policy Committee (MPC) meeting on Wednesday, has once again raised the interest ceiling...

Bank notes scarcity: Time up for PoS operators?

To avoid putting up with massive crowds at banking halls and ATMs, Nigerians who are looking for cash have to choose between paying...

Rejection of old Naira notes: Kogi gov. threatens to seal erring banks, prosecute people rejecting it 

Kogi Gov. Yahaya Bello has sounded a note of warning to banks which reject old notes in the state that they will be...

CBN Governor Emefiele meets with CEO’s of 15 banks to ease cash crunch

The Governor of Central Bank of Nigeria  (CBN), Godwin Emefiele has disclosed that he has met with 15 heads of commercial banks to...