Tag: Naira
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…
IMF wants Buhari to devalue the naira again
The International Monetary Fund (IMF) is pressing Nigeria to further devalue its naira currency amid uncertainty over the political and…
Naira depreciates at parallel market
The Naira on Friday depreciated against the dollar at the parallel market. The Naira lost N0.5 in the afternoon as…
Naira appreciates at parallel market
The naira on Wednesday firmed against the dollar at the parallel market. The naira gained N1 on Wednesday afternoon as…
Manitoba agrees to payments in Naira
After months of insistence that its outstanding invoices be paid in U.S. Dollars, Manitoba Hydro International Nigeria Limited (MHINL) has…
Nigerian companies in trouble as CBN measures backfire
Reuters – Nigerian companies making anything from soap to tomato paste could run out of raw materials and be forced…
Naira depreciates against the dollar
The naira on Wednesday depreciated slightly against the dollar at the parallel market, dropping by N2. The currency traded N222,…
We will not devalue the naira, says Buhari
Nigeria’s President Muhammadu Buhari said on Wednesday in an interview with France 24 that he does not think the country’s…
Mixed reactions trail JP Morgan’s threat on Nigerian bonds
Some financial experts on Wednesday in Lagos expressed mixed reactions on JP Morgan’s decision to phase out Nigeria from its…
Up Again: Naira now N224 to a dollar
The naira eased against the dollar on the parallel market on Tuesday driven by demand mainly from individuals travelling abroad…
Senate summons CBN Gov. over falling value of naira
After a brief debate, the Senate on Wednesday agreed to summon Godwin Emefiele, governor of the Central Bank of Nigeria…
Naira hits new low, now N241 for $1
LAGOS, (Reuters) – The naira has hit a new low against the dollar in the black market. It sold for…
Naira woes continue, falls N232 to US dollar
Nigeria’s currency was quoted at a record low of 232 naira to the dollar on the parallel market on Monday…
Naira records mixed trading at official, parallel markets
The naira on Friday remained stable against some major international currencies at the official and parallel markets. NAN reports that…
Naira slips up against the dollar
The value of the Naira on Monday depreciated against the dollar by N3, to close at N208 at the Bureau…
Naira devaluation responsible for fuel scarcity – PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) on Tuesday blamed the current scarcity of petrol in the country on the…
Naira sells at N224 to dollar
The Naira on Friday weakened further as it sold at N224 against the dollar at the Bureau de Change (BDC).…