CBN’s ‘missteps’ contributed to fall of Naira — Pat Utomi
“For many years, Nigeria has depended on foreign exchange sent home by the diaspora. Diaspora has been a significant part of the economy."
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.
