Tag: Naira
NCAA to meet foreign airlines over alleged rejection of Naira
The Nigerian Civil Aviation Authority (NCAA) says it will soon convene a meeting with foreign airline operators over their alleged…
Naira sustains fall against major currencies
The Naira on Thursday crashed further against the major currencies in all the segments of the market. At the interbank…
Naira gains marginally at the interbank market
The Naira on Monday appreciated marginally at the interbank market, gaining N0.57 against the dollar. The Nigerian currency closed at…
Poor Naira: Nigerian pilgrims cut down on spending
Many Nigerian pilgrims currently in Saudi Arabia for this year’s pilgrimage say they have cut down on their spending following…
Naira slides further, now N400 to one Dollar
The Naira on Wednesday dipped further against the dollar at the parallel market. The Nigerian currency exchanged at about N400…
Naira falls against Dollar
The Naira on Monday depreciated against the dollar at the parallel market. The Nigerian currency lost N3 to exchange at…
Naira strengthens against dollar
The Naira on Wednesday appreciated against the dollar at the parallel market. The Nigerian currency on Wednesday afternoon gained 5…
Naira falls again, now N380 to dollar
The Naira on Monday depreciated further against the dollar at the parallel market. The Nigerian currency exchanged at N380 to…
Naira stable against dollar as CBN meets over economy
The Naira on Monday remained stable at the parallel market. The Nigerian currency maintained N378 to the dollar at the…
Naira weakens against dollar
The Naira on Monday weakened slightly against the dollar at the parallel market. The Nigerian currency shed 1 point to…
Naira consolidates against dollar
The Naira on Tuesday appreciated further against the dollar at the parallel market. The Nigerian currency gained N9 at the…
Naira falls in free float
The naira plunged against the US dollar on Monday after Nigeria’s government scrapped its fixed exchange rate and allowed market…
Bank customers to submit bids ahead of naira float
Commercial banks have asked customers to submit bids ahead of the start of new interbank foreign exchange trading on Monday.…
Naira falls again
The Naira on Monday fell against the dollar at the parallel market. The Nigerian currency shed N8 to exchange at…
2016 budget will strengthen the naira
AProf. Park Idisi of the Department of Agriculture, University of Abuja, on Saturday said the 2016 budget would increase exports…
Naira depreciates further against the dollar
The Naira on Friday depreciated further, exchanging at N321.5 to the dollar at the parallel market, losing N1 on Friday…
Naira exchanges at N320 to dollar at parallel market
The Naira on Monday exchanged at N320 to a Dollar at the parallel market in Lagos State. The News Agency…
Nigerians did not benefit from past devaluation of naira – Buhari
President Muhammadu Buhari has said he is yet to be convinced that majority of ordinary Nigerians derived any tangible benefit…
Naira sells at N322 to dollar at parallel market
The Naira on Monday, traded at N322 to a dollar at the parallel market in Lagos. The News Agency of…
FG plans on yuan forces dollar rate down – Gwadabe
The President, Association of Bureau De Change Operators of Nigeria, Mr Aminu Gwadabe said the Federal Government’s plan to increase…
Nigerian government must stop rejecting the naira as a legal tender
By SKC Ogbonnia Section 20 of the CBN Act of 2007 clearly states that the Naira “shall be legal tender…
LCCI commends FG on yuan pact
The Lagos Chamber of Commerce and Industry (LCCI) has lauded the Federal Government for signing an agreement with China to…
Witness exposes Saraki, breaks down naira, dollar, pounds account transactions
Ayorinde Oluokun/Abuja Micheal Wetkas, the first prosecution witness in the false asset declaration trial of Senate President, Bukola Saraki, has…
Naira still struggling against the dollar
The naira on Wednesday maintained its exchange rate at N322 to a dollar. It also remained firm against the two…
US to pressure Nigeria to devalue naira
The United States said on Monday it will press Nigeria in talks this week to adopt a more flexible foreign…
Why naira weakened against the dollar
Alhaji Aminu Gwadabe, President, Association of Bureau de Change Operators in Nigeria, said unauthroised persons posing as Bureau de Change…
Osinbajo, Sanusi disagree over devaluation of naira
o The Vice President, Prof. Yomi Osinbajo, on Saturday reaffirmed the position of the Federal Government that the country’s currency…
Naira depreciates against the dollar
ra The naira on Friday depreciated against the dollar at the parallel market closing at N320. The naira lost N10…
The naira-dollar blues by Reuben Abati
“My brother, e ku exchange rate oh.” “Excuse me?” “I am greeting you. I am saying how are you and…
Naira strenghtens against the dollar
Nigeria’s naira firmed sharply on the parallel market on Wednesday as retail traders, having anticipated a cut in its official…