Tag: Naira
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…
Naira still struggling against the dollar
The naira on Wednesday continued to depreciate at the parallel market amid mixed reactions to the recent forex policy of…
When IMF Visits, Tears Follow
By Owei Lakemfa International Monetary Fund (IMF) Managing Director, Madam Christine Lagarde was on a four-day visit to Nigeria from…
New low for naira, now N282 to a dollar
The naira hit a record low of 282 naira per dollar on the unofficial market on Monday after the central…
Naira strengthens against the dollar
The Naira on Friday hedged up slightly against the dollar at the parallel market amid calls for the apex bank…
Naira down again, now N265 against dollar
The naira on Monday depreciated by 0.8 per cent to exchange at N265 to the dollar at the parallel market.…
CBN Governor promises robust economy, stable currency in 2016
Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefeile says the apex bank is evolving additional measures to boost…
Finally, naira strengthens against the dollar
The naira on Friday finally strengthened against the dollar after weeks of free fall at the parallel market. The currency…
Again, naira weakens against the dollar
Nigeria’s naira weakened further in the parallel market on Thursday, down 0.59 percent after the central bank’s exclusion of some…
Businessmen in Lagos groan under weak Naira
Some businessmen in Lagos on Monday expressed concern that the continued crashing of the Naira at the parallel market was…
Why Buhari will not devalue the naira – Osinbajo
Nigeria’s Vice President, Prof. Yemi Osinbajo, has stated that devaluation of the naira is not an appropriate option in the…