Nigeria’s total circulated currency contracted by 2.6 per cent or N60billion to N2.29 trillion in June from N2.35 trillion the month before, the latest data from...
Naira fell 5.5% on Tuesday against the United States’ dollar on the official market, four days after the Central Bank of Nigeria weakened it by selling...
The Presidential Economic Advisory Council (PEAC) has urged the Nigerian government against the continued implementation of multiple exchange rates by adopting a unified currency rate regime...
Naira strengthened marginally against the U.S. dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Monday, closing at N386 to...
Naira fell 6.2% lower against the United States dollar on Wednesday at the official market as traders quoted the local currency close to the over-the-counter spot...
Naira weakened against the U.S. dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Monday, falling to N386.50 a dollar....
Nigeria’s currency, the Naira advanced against the U.S. dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Wednesday, rising to...
Naira made a rally against the U.S. dollar at the parallel market segment of the foreign exchange (forex) market on Tuesday. Market data obtained from exchange...
Naira weakened against the U.S. dollar on Monday at the Investors and Exporters (I&E) window of the foreign exchange (forex) market, crumbling to N387.33 at the...
Nigeria’s currency, the Naira advanced 2.2% against the American dollar on Monday at the black market segment of the currency market, exchanging at N440 for the...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
Naira traded at N460 to the U.S. dollar on the parallel market Thursday, having stayed at the same rate of exchange for two days without budging,...
Traders in the black market segment of the Nigerian foreign exchange (forex) market are battling the most severe crunch so far this year as the recovery...
The Naira may continue losing value at the parallel market segment of the currency market as demand for dollar intensifies from accumulation of past foreign exchange...
The Naira strengthened against the U.S. dollar at the Investors and Exporters window on Monday, appreciating by 31 kobo over the rate at which it traded...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
Super Eagles of Nigeria Head coach, Gernot Rohr, has finally shifted grounds, accepting to be paid his fees in Naira and also reside in the country....
The Nigerian Naira Tuesday plummeted to its weakest point since February 2017 at the parallel market amidst exacerbating dollar crunch induced by the central bank’s tightening...
The Naira exchanged for N412 per dollar on Monday at the Bureau De Change (BDC), shedding N10 in one day after selling for N402 last Friday. The...
Erstwhile governor of Lagos State and All Progressives Congress (APC) leader, Bola Ahmed Tinubu, has debunked the reports making the rounds that he called on the...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
The Naira slumped in value against the dollar on Thursday, exchanging for between N405 and N420 at Bureaux De Change (BDC) in the country. The persistent...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said Monday the Federal Government was studying the decision of the Francophone West African countries to...
The possibility of Nigeria’s local currency, the Naira, shedding its value in Quarter 3 in response to its perennially strong import culture, which far outpaces its...
Following Tuesday’s 50 basis points cut in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), from 14 per...
The Central Bank of Nigeria’s (CBN’s) fourth quarter economic report has revealed that about $39.9 billion was injected into the foreign exchange market to defend the...
The Naira made a modest gain of 50 kobo against the US dollar to close at N360 on Monday. The British Pound Sterling sold at N472...
The naira, on Thursday fell by one percent to N370 per US dollar at the black market. The one percent slump is the weakest performance of...
THE depreciation of the naira in the last two weeks may persist this week following increased demand for dollars triggered by political campaign activities across the...
The combination of tightening global financing conditions, which has resulted to capital outflows in the country, the elevated global risk aversion, 2019 election uncertainties and high...
The naira has been firming up in the last few days as politicians pumped stockpiled dollars into the economy for campaigns, The Nation has learnt. The...
The Central Bank of Nigeria (CBN) said it has commenced the disbursement of low denomination notes to aid easy accessibility of the currency and put an...
The Central Bank of Nigeria (CBN) has warned the public to desist from all forms of abuse of the Naira, or risk jail term. According to...
The Central Bank of Nigeria (CBN) said the bank’s resistance to float the Naira in the face of the economic challenges that befell the nation saved...
The Muslim Rights Concern (MURIC) has demanded that the federal government withdraw from circulation, all N100 notes printed during the administration of former President Goodluck Jonathan....
With increase in Nigeria’s foreign reserves and stability in the naira exchange rate, Nigeria’s recession will be over by third quarter of 2017. The Central Bank...
Despite persistent pressure from the International Monetary Fund (IMF) and other institutions on Nigeria to devalue the naira, by floating it, the apex bank says it...
Despite the new CBN policy on stemming the sliding tide of the naira against the dollar, the local currency on Tuesday maintained a 1.2 per cent...
There is an apparent glut in the foreign exchange market as the Central Bank of Nigeria (CBN), on Thursday, said of $100 million it supplied to...
For the first time in seven months, the dollar fell below the psychological N400 barrier, when the greenback traded at N399 to the dollar in Lagos...
The loss of 1.5 per cent by the Nigerian local currency, the naira over dollar, a week after constant appreciation over foreign currencies, especially, the dollar...
Despite the CBN’s new policy said to have seen naira on a steady rise in value in the past one week, experts say the gain may...
For insisting that Nigeria must officially devalue its local currency, the naira, the Federal Government may have closed all intention of seeking for loan facilities from...
The Central Bank of Nigeria (CBN) may have concluded plans to offer for sale a minimum of $650 million weekly in the next five months. This,...
More facts have emerged on why the Central Bank of Nigeria (CBN) has stopped its subsidiary, the Nigeria Security Printing and Minting (NSPM), from printing lower...
With virtually all its policies aimed at strengthening the naira not yielding positive results, the Central Bank of Nigeria (CBN) has perfected plans to seek help...
Contrary to the CBN expectation that anticipated influx of dollar from Nigerians in Diaspora would sustain the exchange rate of the naira, the local currency on...
The blame game on why Nigeria’s local currency, the naira, has defied all measures aimed at shoring up its value against major currencies continues. The Central...
In desperation to fight scarcity of dollars, Nigerian banks have placed indefinite suspension on depositors’ use of automated teller machine (ATM) card and online services in...
The European Union, EU, has advised the Federal Government on a number of steps to take to tackle the current economic recession in the country. ...