Naira Records Slight Appreciation Against Dollar at Official Market
The naira strengthened marginally to N1,534.52 against the dollar at the official market on Thursday. Day-to-day gain recorded at 0.3 from Wednesday’s N1,534.83. Black market rate remained unchanged at N1,565…
Naira Will Fall From N570/$1 to N400/$1 at Black Market if… – Moghalu
Kingsley Moghalu, a former presidential candidate has explained the value of the naira will fall from N570/$1 to N400/$1 at the parallel market if there is a massive rush of…
Naira Scarcity: Villagers Re-introduce Trade By Barter
Due to the scarcity of cash, Nigerians in remote communities have re-introduced the ancient barter trade. The development was initiated by villagers in Buhari and Damasak towns in Yusufari and…
BREAKING: Residents Protest Rejection of Old Naira Notes in Bayelsa
Protest has erupted in Yenagoa, Bayelsa State due to traders' refusal to accept the old N500 and N1000 old Naira notes from residents. Daily Report Nigeria gathered that the protest…
Naira Gains Against Dollar at Official Market, Loses at Black Market
The Nigerian currency, the Naira, has experienced a mixed performance against the US Dollar, gaining at the official market but losing at the black market. At the official market,…
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…
How to Deposit Old Naira Notes
The Central Bank of Nigeria has listed ways on how to deposit old naira notes for Nigerians. The apex bank has released guidelines on how the old naira notes can…
Naira Policy: 10 States to File Contempt Suit Against FG, CBN
Some State Governments are planning to file a contempt suit against the Federal Government and the Central Bank of Nigeria (CBN) concerning the recently introduced naira policy. The States insisted…
Naira Gains Against Dollar at Parallel Market
The naira has appreciated against the US dollar at the parallel market, exchanging at N1595 and N1600 for buying and selling respectively. This is according to sources at 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…