Naira Hits New Low as Parallel Market Rate Climbs to N1,739
The Naira has continued its downward trajectory in the parallel market, dropping to N1,739 per dollar on Thursday, a decline from N1,735 on Wednesday. In a contrast, the Naira gained…
Protesters Block Major Roads Over Fuel Hike, Naira Notes Scarcity in Delta
Protesters, including residents and traders in Warri Main Market in Delta State, have stormed the popular Warri/Sapele road to protest over the hike in fuel and naira notes scarcity in…
Naira Crisis: FG, States Consider Out-Of-Court Settlement
The Federal and State Governments on Wednesday night considered an out-of-court settlement for the litigations trailing the naira policy of the Central Bank of Nigeria (CBN). Daily Report Nigeria recalls…
Naira Crash: FG Stops Access to Crypto Firms
In an effort to combat what it perceives as ongoing manipulation of the forex market and illicit fund movements, the Nigerian government has decided to stop the online platforms of…
Naira appreciates, trades at N1,600/$
The Naira closed the week stronger on Friday at the official market, trading at N1,600 to the dollar. Data from the official trading platform of the FMDQ Exchange revealed that…
BREAKING: IGP Orders Arrest Of Naira Sellers, Abusers
The inspector-general of police (IGP), Usman Alkali Baba has ordered the arrest of persons selling or abusing the naira. The IGP gave the instruction on Friday to the deputy inspector-general…
Buhari Faces Backlash Over Naira Notes Directives
Senior lawyers and civil society organizations have slammed President Muhammadu Buhari for spurning the injunction of the Supreme Court in his Thursday broadcast. The President came under fire for flouting…
Naira Hits All-Time Low Against Dollar in Black Market
On Wednesday morning, the Nigerian Naira reached an all-time fall of N1,830 per dollar in the parallel market, commonly known as the black market. Naira's fall represents a 7.10 per…
Naira Plummets to Third Worst Performing Currency Globally
The naira has now been classified as the third worst-performing currency in the world, following a staggering 70% depreciation against the dollar this year. As of Monday, the naira weakened…
CBN Should Introduce N5,000 Notes Instead— NACCIMA
The Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Sola Obadimu has said that the Central Bank of Nigeria should have introduced a N5,000 note…