Naira down to N1,410/$ in parallel market
The Naira yesterday depreciated to N1,410 per dollar in the parallel market, from N1,395 per dollar last weekend. However, the Naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,354.21 per dollar.
Those expecting Naira to be N400 to Dollar living in dream world – Moghalu
“Those who want the Naira to be N400 to the $ are living in a dream world. Even discounting for the negative impact of speculative attacks on the value of the Naira, the exchange rate will (and should) reflect its market value in reality, not the artificiality that the central bank sought to maintain to please economic illiterates in political power at the time.”
Court convicts man for hawking Naira, cautions Nigerians
The charge against the convict reads: “that you Fabian John Itafor, on or about the 24th day of February 2024 at Leisure Event Center Wale Olateju Street, Victoria Island, in Lagos within the jurisdiction of this Honourable Court…”
FG benefiting from Dollar-To-Naira spike – Ndume
“Don’t forget that this budget is a ‘dollarised’ budget, especially in terms of the income. And when it comes to the terms of the expenditure, it’s in naira.”
Save naira from further fall, Lagos Assembly urges FG, CBN
The Lagos State House of Assembly has decried the continued downward slide in the value of the naira against the dollar, urging the Federal Government, FG, to check the worrisome trend.
Naira falls to N1,534 per dollar at official market
Naira, Nigeria’s currency, plummeted to a record low of 1,534.39 per dollar at the official foreign exchange (FX) as demand rose amid shortage on Monday.
