Naira Appreciates to N1,500 Per Dollar at Black Market
The Naira has continued to appreciate against the dollar at the parallel foreign exchange market. On Thursday, the Naira strengthened to N1,500 against the dollar in the black market, gaining…
Senate Summons Emefiele as Dollar Hits N700
The Senate on Wednesday, summoned the governor of the Central Bank of Nigeria, Godwin Emefiele, over the depreciation of the naira. The senators lamented that the United States dollar to…
NNPC Behind Naira Crisis – CBN
The Central Bank of Nigeria CBN says the non-remittance of dollars to foreign reserves by the Nigeria National Petroleum Corporation (NNPC) is responsible for the naira’s free fall in the…
Dollar Will Soon Exchange For N10 – Nigerian Cleric Says
The General Overseer of Prayer Centre Church of God (PCCG), Samson Oluwamodede, has predicted that the Naira would regain its value soon. Pastor Oluwamodede, an Akure-based cleric stated this while…
EFCC Threatens To Arrest Dollar Hoarders As Naira Continues To Fall
The Economic and Financial Crimes Commission (EFCC) has threatened to arrest Nigerians hoarding dollars and other foreign currency. Abdulrasheed Bawa, the Chairman of the anti-graft agency, made the threat during…
Dollar Notes Below Year 2021 Will Not Be Acceptable From Jan 2023 – US
The United States Government has set an end date to accept the legal tender notes of the US Dollar below 2021 which will commence on January 31, 2023, according to…