Tag: Naira
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…
IMF calls on Buhari to lift forex restrictions
The International Monetary Fund (IMF) called on Wednesday for Nigeria to lift foreign exchange curbs and let the naira reflect…
Ambode proffers solution to naira-dollar crisis
Lagos State Governor, Akinwunmi Ambode on Tuesday expressed optimism that the foreign exchange crisis plaguing the country which has resulted…
Ifeanyi Ubah to Nigerians: Pray that the dollar drops below N200
The managing director of Capital Oil and Gas Industries Limited, Ifeanyi Ubah, has urged Nigerians to pray for a dollar…
Fayose lectures Buhari on the naira, economy
Eromosele Ebhomele Governor Ayodele Fayose of Ekiti state on Sunday joined those who have called for the devaluation of the…
Buy Nigerian to save the Naira?
By Adewunmi Emoruwa I am quite taken aback by the linear, Naira centric thinking, patriotic blackmail attempts led by the…
Buhari’s dilemma, naira fall and national security question
By George Elijah Otumu “MEN make history and not the other way round. In periods where there is no leadership,…
Nigerian stocks crash amid naira concerns
Nigerian stocks fell almost two per cent on Wednesday, hit by a major decline in cement companies’ shares, including Dangote…
Nigeria struggles as Buhari wrangles with budget, naira
When Nigerian President Muhammadu Buhari finally swore in his cabinet in November, nearly six months after taking office, he hoped…
Buhari rejects devaluation, says ‘I won’t kill the Naira’
President Muhammadu Buhari declared late Wednesday in Nairobi that he was yet to be convinced that Nigeria and its people…
Fidson splashes millions of naira on consumers of Astymin drug
Eromosele Ebhomele Beginning from Monday, a total of 10 people would win N10,000 each on a daily basis while one…