A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
Due to the weakening of the Naira value against the world’s major currencies, Nigerians should not build up liabilities in hard currencies as the tendency is that more Naira will be required to repay the debt in the long run.
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Says parallel used for corruption purposes Retains MPR at 11.5% Gives N1trn to corporate orgasnisations over COVID-19 N149 b to targeted households, SMEs By Emma Ujah Those using parallel market rate to put pressure on the Central Bank of Nigeria (CBN) to devalue the Naira won’t have their way. The CBN Governor, Mr Godwin Emefiele
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Despite the renewed pressures on the external sector, Naira has appreciated in the Investors & Exporters (I&E) window of the currency market.
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By Marie-Therese Nanlong The federal government has been asked to take advantage of the global liquidity glut being experienced during the COVID-19 period to attract capital inflows to stabilize the nation’s currency, deepen domestic liquidity and ensure economic growth for the well-being of the citizens. An economist, Dr. Ayo Teriba gave the advice at a
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The scarcity of dollars at the parallel market on Tuesday in Lagos forced the Naira down to N480 to a dollar. The News Agency of Nigeria (NAN) reports that the Pound Sterling and the Euro exchanged at N610 and N550, respectively. Trading at the investors’ window saw the naira closing at N385.98 to a dollar as investors traded a
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The declining fortune of the Naira against the dollar in the parallel market is expected to persist this month with the exchange rate rising to N480 per dollar by the end of the month.
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The Naira on Tuesday exchanged at N472 to a dollar at the parallel market in Lagos.
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The sharp depreciation of the naira in the parallel market is set to continue this week with the exchange rate projected to hit N470 per dollar.
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On Tuesday, the Central Bank of Nigeria, CBN, adjusted the value of the Naira to exchange to the dollar at N381, as part of the measures to unify the rate at the foreign exchange spot.
Read More By Victor ‘Tunde Oso On Tuesday, the Central Bank of Nigeria, CBN, adjusted the value of the Naira to exchange to the dollar at N381, as part of the measures to unify the rate at the foreign exchange spot. In March, the CBN had adjusted the official exchange rate to N360/$ from N307/$ and abolished
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