Naira will continue to stabilise – Shettima assures
Vice President Kashim Shettima has assured that the naira will continue to stabilise in the coming weeks and months.
World Bank lists naira among worst-performing African currencies
The World Bank has the Nigerian naira is among the worst-performing currencies in the African continent.
Naira gains at investors, exporters window
The naira on Tuesday appreciated against the dollar as it exchanged at N742.10 at the Investors and Exporters window.
Video: Glorious days Naira was stronger than Dollar will return – Pastor Adeboye
The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, has said that Nigeria would experience glorious days again when the naira was more valuable than the United States dollar.
Naira gains at investors, exporters window
The naira appreciated against the dollar on Friday as it exchanged at N740.38 at the Investors and Exporters window.
Naira gains 0.22 per cent at investors, exporters window
The naira appreciated against the dollar on Thursday as it exchanged at N771.69 at the Investors and Exporters window.
Naira drops, exchanges at N769.25 to dollar
The Naira on Friday dropped against the dollar, exchanging at N769.25 at the investors and exporters window.
Naira exchanges at N464.67 to dollar
Naira remained unchanged on Thursday, exchanging at N464.67 to the dollar at the Investors and Exporters window. The local currency did not change from its value on Wednesday, while the open indicative rate closed at N464.64 to the dollar on Thursday. An exchange rate of N467 to the dollar was the highest rate recorded within […]
Naira Redesign: Massive cash hoarding resumes
There are indications that Nigerians have resumed cash hoarding following the relaxing of the currency redesign and cashless measures of the Central Bank of Nigeria (CBN).
Naira begins new week on negative note
The Naira depreciated against the dollar on Monday, exchanging for N464 at the investors’ and exporters’ window. The rate represented a decrease of 0.36 per cent when compared to the N462.33 it exchanged at the close of business on May 12. The open indicative rate closed at N463 .50 to the dollar on Monday. A […]
Naira drops against dollar by 0.17%
The Naira depreciated against the dollar on Wednesday, exchanging for N463.02 at the investors’ and exporters’ window.
Naira re-design useless, unable to checkmate vote buying — Ex-finance minister
Two-time Minister for Finance, Dr Kalu Idika Kalu, has dismissed the recent Naira re-design policy of the Central Bank of Nigeria, CBN, as useless and ill-advised.
With interest, commission, banks’ profit unaffected by Naira crisis
“Banks are making huge income from non-interest sources such as electronic transfers and related charges which surged on account of the currency redesign policy”
Naira drops to N461.50 against dollar
The Naira depreciated against the dollar on Monday, exchanging N461.50 at the investors’ and exporters’ window. The rate represented a decrease of 0.04 per cent when compared to the N461.33 for which it exchanged to the dollar before the close of business on on March 24. The open indicative rate closed at N461.75 to the […]
Scarcity of Naira easing as banks comply with CBN’s new directives
There are indications that the three-month-old cash shortages rocking Nigeria’s economy would fizzle out this week following banks’ compliance with the latest directives of the Central Bank of Nigeria, CBN, on cash dispensary over the weekend.
EFCC arrests 80 PoS vendors in Ondo for selling naira
By Dayo Johnson, Akure No fewer than 80 Point of Sales (PoS) agents, suspected to be buying and selling money to members of the public with higher interest have been arrested by operatives of the Economic and Financial Crimes Commission (EFCC), in Ondo state. Vanguard gathered that the officials of the commission carried out the […]
