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Vice President Yemi Osinbajo’s spokesperson, Laolu Akande has said that his principal was not calling for devaluation of Naira in his speech at the midterm review...
The naira is losing its resistance against the dollar a few days after it gained some margin at the parallel market. At the weekend, the naira...
Prof. Hassan Oaikhenan of the Department of Economics and Statistics, University of Benin, said the foreign exchange environment would likely witness some favourable effects in 2018....
Nigeria’s currency naira appreciated on Wednesday after it closed at 363 exchanging for United State dollar. Although on the previous day, naira had closed at 346...
With the latest effort of the Central Bank of Nigeria as it bomp fresh $297 million into the interbank foreign exchange market, the country’s currency, naira,...
The Naira on Tuesday appreciated against the dollar at the parallel market. The Nigerian currency gained N2 to exchange at N365 to the dollar, stronger than...
Financial experts have diagnosed plausible reasons for the steady depreciation of the nation’s currency in spite of series of interventions by the Central Bank of Nigeria...
The Central Bank of Nigeria has pumped the sum of $195 million into the interbank market but this has not deterred the naira from depreciating marginally,...
The Nigerian Senate has requested the Central Bank of Nigeria (CBN) to subsidize dollar at N200 for those going for pilgrimage either Isreal or Saudi Arabia....
Naira depreciated on Tuesday to N368 to a dollar in the parallel market as a result of excess demand. Survey showed that exchange rate in the...
Fake Naira notes are mostly used in markets, a new study by NOIPOlls, has revealed. Report of the survey released, yesterday, indicated that 65 per...
The naira hit a fresh low on the black market on Friday, quoted at 506 per dollar, as traders tested new levels to try to tempt...
The naira was sold for 485 per dollar on the streets of Lagos and Abuja on Tuesday, three days to the end of the year. Currency...
Dr. Ifeayin Ubah, the Managing Director of Capital Oil and Gas, has offered the President Muhammadu Buhari-led administration what he described as the best possible...
Nigeria currency naira has further fallen to a new low with 414 against U.S. dollar, even as foreign currency is scarce in the country. Economic experts...
The Naira on Wednesday struggled to maintain stability against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports. The Nigerian currency opened...
Economists on Wednesday advised the Federal Government and the Central Bank of Nigeria to review their policies and introduce measures that would turn around the...
The Naira, on Wednesday, maintained its loss against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports. The Nigerian currency, which lost...
The Naira on Wednesday dipped further against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. It lost 4 points to exchange...
The Naira on Monday weakened slightly against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports. The Nigerian currency shed 1 point...
Manufacturers who had outstanding dollar requests and Letters of Credit (applied for at N197/dollar) before the new foreign exchange policy came into existence lost approximately N348.6bn...
The naira crashed by 31 per cent to 288.85 against the United States dollar on Monday at the close of trading at the newly established interbank...
Nigeria is allowing its struggling currency, the naira, to trade freely in a move to tackle the financial crisis in Africa’s most populous nation. Financial blogger...
President Muhammadu Buhari has restated his resolve to keep the naira “steady”. Buhari, in a nationwide broadcast to mark his first year in office on Sunday,...
Removal of fuel subsidy is having more negative effect on the value of naira as the country’s currency now weakens to U.S. dollars to the tune...