Again, naira crashes to dollar
The naira crashed against the dollar on Monday, falling to 1, 030/$ on the average in the parallel market, losing the momentum it gathered last week. This represents a N80 …
Again, naira crashes to dollar Read MoreBlueprint gives you the latest Nigerian news in one place. Read the news behind the news on burning National issues, Kannywood, Videos and the Military
The naira crashed against the dollar on Monday, falling to 1, 030/$ on the average in the parallel market, losing the momentum it gathered last week. This represents a N80 …
Again, naira crashes to dollar Read MoreThe Central Bank of Nigeria (CBN) has insisted that it has no plans to rededominate the Naira saying such reports are misleading. The Naira is Nigeria’s legal tender. According to …
Again, CBN speaks on ‘plans to redenominate the Naira’ Read MoreStock brokers in the country have revealed that the free fall of the naira is dampening appetite for foreign stock trading as traders are now more cautious and are waiting …
Naira devaluation dampening foreign stock trading appetite, say analysts Read MoreFortune of the ‘free-falling’ naira may soon be reversed with the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, assuring that about $10 billion naira is …
Hope rises for Naira as FG sets sight on $10bn forex inflows soon Read MoreThe Nigerian currency, the naira continued its free fall on Thursday as it weakened in the parallel market closing at N1,175 per dollar. The naira had exchanged for N1,100 on …
More worries for Nigeria’s economy as Naira plunges further *See current exchange rate Read MoreThe nation’s currency, the naira plunged the lowest in record on Wednesday at the parallel market, with the local currency opening for trading on the street market to an all-time …
BDCs seek urgent reform as Naira depreciates to N1065/$ Read MoreAs growing scarcity of forex bites, Nigeria’s currency, the naira, slumped to N1045/$1 at the parallel foreign exchange market as demand continues to regularly exceed supply. The British Pound Sterling …
Naira slumps to N1045/$1 as forex crisis worsens Read MoreThe Nigerian Shippers’ Council (NSC) has decried the sharp fall of the naira, saying the sure way to strengthen the currency is to focus on exports, especially of non-oil commodities. …
Nigerian Shippers’ Council decries depreciation of naira Read MoreWith the naira losing 23 per cent value in the third quarter of 2023, plummeting from N770/$1 at the end of the second quarter to over N1000/$1 by the end …
Outlook for naira remains bleak, shed 23% Q3 Read MoreThe Nigerian naira has plummeted, alarming experts who suggest to us measures that may be used to address the situation. According to Forbes, naira has reached an all-time low, with …
Naira hits N1,005/$ in black market amid economic hardship Read MoreThe recent addition of securitized N23.7 trillion Ways and Means (W&M) owed the apex bank to the domestic component of the Federal Government (FG) debt and the devaluation of the …
Nigeria faces insolvency on swelling debt, naira devaluation -Analysts Read MoreThere was major improvement in export earnings in the second quarter of 2023, as a result of the floating of the naira which ensures earnings from crude oil exports swells. …
2023: Floating of naira shoots crude export earnings to N5.6trn in second quarter Read MoreThe nation’s pulse bleeds for the two days the warning strike by the Nigerian Labour Congress (NLC) lasted at the sea ports in the coastal areas of Nigeria as billions …
Two days warning strike: Billions of Naira lost, grounds ports activities Read MoreAs Naira continues to depreciate against the US Dollar, the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has said that Nigeria will bounce back, …
Adeboye drops shocking prediction on naira Read MoreThe Nigerian naira is the worst-performing African currency this year, falling more than 40 per cent against the dollar as the country takes tough steps to fix its financial situation …
Naira remains Africa’s worst-performing currency in 2023 despite CBN moves Read MoreThe official and black market rates have again parted ways far from each other with the naira extending its slump in black-market trading as the nation’s dollar shortage deepened two …
Naira drops to new low of N923-950/$ Read MoreThere is lack of attention from Nigerians especially our scholars, traditional rulers, media houses, political leaders and civil society organisations on the interferences of international institutions on our monetary policies. …
IMF, World Bank and the politics of naira Read MoreThe Association of Bureaux De Change Operators of Nigeria (ABCON) says Binance operations in the country are one of the major factors putting pressure on the Naira, and therefore should …
Binance operations, other factors putting pressure on Naira – ABCON Read MoreAs the the gap between the official foreign exchange rate (forex) rate begins to deepen again, the Economic Intelligence Unit (EIU) has expressed fears that the naira may depreciate to …
EIU: Naira may exchange for N815/$ in 2024 as forex gap widens, stock market swells by N867.7bn in one week Read MoreThe Central Bank of Nigeria (CBN) has lamented that Nigeria lagged behind other developed countries by 60 years in financial technologies. According to the apex bank, the nation is equally …
e-Naira: Nigeria lags behind 60 years in technology – CBN Read MoreBy Amaka Ifeakandu, Lagos, with agency report The nation’s currency on Thursday hit a new record low, reaching the N1,000 to the dollar as the local currency faced fresh weakness …
Naira bows to demand pressure hits N1,000 against dollar at parallel market Read MoreNigerian singer, Azeez Adeshina Fashola, professionally known as Naira Marley, has revealed why he speaks Yoruba fluently despite growing up in London, the United Kingdom. The British-raised-rapper said his dad …
Dad banned speaking of English at home – Naira Marley Read MoreEight days after the Central Bank of Nigeria (CBN) floated the Naira, a total of $788 million has been recorded as cumulative turnover in the official Investor & Exporter window. …
Official window records $788m turnover week after CBN floats Naira Read MoreNigeria, one of Africa’s largest economies, has a longstanding history of grappling with currency stability and foreign exchange challenges. Over the years, the Nigerian government has employed various measures to …
Floating the naira: Implications and remedies Read MoreCentral Bank of Nigeria (CBN) on Wednesday allowed the naira to depreciate by about two percent on the official market, but the currency’s rate remained above where it trades at …
Naira falls to N475/$ at official market Read More