Naira Archives - Vanguard News

War of wits: Lawyer allegedly sues FG, AGF, CBN over Arabic inscription on Naira, as Reno fires back

On January 12, 202012:39 pmIn Business, News, Politicsby Nwafor

Since the introduction of naira in 1973, no Nigerian has ever criticized the inscription of Arabic language on naira notes except in 2020, when Malcolm Omirhobo, lawyer and Human Rights activist, Thursday queried and allegedly sued the federal government, Attorney-General of the federation and the Central Bank of Nigeria, CBN, to a federal high court over the emblazoned inscription on the Nigerian Army’s logo.

Uniport Undergraduate wins Princewills Trust monthly ₦100, 000 cash prize

Naira depreciates by 50.5k as reserves drops to $38.7bn

On December 30, 201911:22 amIn Businessby Rasheed Sobowale

By Babajide Komolafe On the foreign exchange scene, the naira continued its downward trend in the foreign exchange market as it depreciated by an average of 50.5 kobo in the parallel market and in the Investors and Exporters (I&E) window last week. While the naira depreciated for the sixth consecutive weeks by 51 kobo last
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Naira set for N365/$ in I&E as demand for dollars intensifies

On December 23, 20195:16 amIn Business, Finance, Newsby Nwafor

The Naira is set to depreciate to N365 per dollar in the Investors and Exporters (I&E) window before the end of the year following rising demand for dollars which is expected to intensify this week.

Naira depreciation to persist as reserves drops to 2yr low

On December 16, 20195:11 amIn Business, Finance, Newsby Nwafor

The downward trend in the fortune of the naira against the dollar is expected to persist this week even as the nation’s external reserve falls to the lowest level in two years.

Naira depreciates as turnover rises in forex market

On December 2, 20195:17 amIn Business, Finance, Newsby Nwafor

THE volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market grew by 26 per cent, month-on-month, to $5.3 billion in November from $4.2 billion in October, 2019.

CBN votes N500m for recycling of old Naira notes, others

On October 29, 201910:20 pmIn Businessby Victor Ogunyinka

As ministry, GIZ, EU, UNIDO, HBS, others plan on disposal of expired battery By Chris Ochayi Worried by the negative impact of disposing of expired naira notes through burning on the environment, the Central Bank of Nigeria, CBN, disclosed yesterday that it has set aside a total sum of N500 million for the recycling of
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Expectation index on value of naira surges by 25.2 points

On September 23, 20195:16 amIn Business, Finance, Newsby Urowayino Jeremiah

IN spite of the continued decline in the nation’s external reserves, firms’ expectation of naira appreciation over the next twelve months surged by 25.2 index points on the Business Expectation on the exchange rate.

Coronation Research Weekly update: Low Naira yields, for how long?

On August 20, 20194:14 pmIn Sponsoredby sunday

President Muhammadu Buhari last week directed the Central Bank of Nigeria (CBN) to halt the sale of foreign exchange for food importation. This prompted front-page headlines defending CBN independence, which we believe will be heeded. However, combined with the CBN’s own pro-growth strategy, with one-year risk-free rates down 155bps in two months, we can
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Naira exchanges at N359 to dollar at parallel market

On August 19, 20199:28 pmIn Newsby Nwafor

The naira on Monday traded at N358.6 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N445 and N396, respectively.

CBN to disburse lower Naira denominations through microfinance banks

On August 19, 20197:43 amIn Business, Finance, Newsby vanguard

THE Central Bank of Nigeria (CBN) has released guidelines for the disbursement of lower denominations of the naira through microfinance banks (MFBs) across the country.