Tag: Naira
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).…
CBN dismisses rumour to convert domiciliary accounts to naira
The Central Bank of Nigeria (CBN) said it has no plan to convert all domiciliary accounts of bank customers to…
Naira hits N215 to dollar at BDC’s segment
The naira on Friday depreciated by N5 to the dollar as it traded N215 at the Bureau De Change (BDCs)…
Poll shift affects naira, stock exchange
The postponement of Nigeria’s general election has hit the country’s faltering economy, adding to existing pressures caused by the global…
Naira hits N210, 213 to dollar at BDC, black market
The naira on Monday lost N2 to the dollar to sell at N210 at the Bureau De Change (BDCs) segment…
Naira to dollar now N208 at BDCs, Black Markets
The Naira on Friday sold against the dollar for N208 at the Bureau De Change (BDC) segment of the foreign…
Naira crashes to record low
The Nigerian currency, the naira hit a new record low on Tuesday on thin dollar liquidity, amid concerns over political…
Nigeria’s foreign reserves down by 20 per cent
Nigeria’s foreign exchange reserves fell to $34.38 billion by January 28, down 20.3 per cent from $43.16 billion a year…
Naira plunges further
Nigerian naira ended Tuesday at a record closing low of 189.20 against the dollar ahead of the first central bank…
Naira devaluation not good for our economy, says APC
All Progressives Congress (APC) has critised devaluation of the naira and has described the development as not healthy for Nigeria’s…
Nigerian naira devaluation leads to fears about the economy
Nigerians on Wednesday voiced fears about the central bank’s devaluation of the naira, warning that a country largely dependent on…
Central Bank devalues naira, seeks to stabilize currency
Nigeria devalued its currency on Tuesday, seeking to stabilise the naira after it hit historic lows against the US dollar,…
Naira value dips further against dollar
The Naira on Friday depreciated further against some major international currencies at the official, parallel and black markets. NAN reports…
Naira loses 1.5k against dollar
The Naira on Friday depreciated against the dollar, dropping by N1.5k at the Bureau De Change (BDC) market. NAN reports…
Naira loses 73kb against dollar
The Naira on Monday depreciated against the dollar, dropping by 73 kobo at the official market. NAN reports that the…