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.

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 […]

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.

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.

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.