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…
Politicians’ Fight to Keep Old Naira Note Not for Nigerians Benefit – Actor Okon Lagos
Nollywood actor, Bishop Umoh, popularly known as Okon Lagos, has stated that politicians’ fight to keep old naira notes is not for the benefit of Nigerians. The comic actor made…
How FG Benefits From Naira Fall – Ndume
Senator Ali Ndume asserts that the Nigerian federal government is not at a loss due to the naira's depreciation against the dollar. Instead, Ndume said, it is reaping greater revenue…
Naira appreciates by 0.5 % against dollar at official market
The Naira on Friday appreciated at the official market, trading at N1,666.72 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the…
EFCC Arrests Bank Manager For Naira Hoarding
The Economic and Financial Crimes Commission (EFCC) has arrested the operations manager of an Abuja bank branch. The manager was arrested for hoarding the sum of twenty-nine million naira of…
CBN To Circulate Over N700bn New Notes
The Central Bank of Nigeria (CBN) will by the ending of February 2023, circulate N700 to N800 billion new Naira notes. Its governor, Godwin Emefiele announced this on Thursday at…
Presidency Denies Claims Saying Tinubu Advised Buhari To Print Naira
The Presidency has denied claims that President Bola Tinubu advised former President Muhammadu Buhari to print Naira in 2020. According to Bayo Onanuga, a Special Adviser on Information and Strategy…
Naira Gains Despite 32% Drop in FX Market Turnover
Nigeria's foreign exchange market turnover declined by 32.28% in December 2024, falling to $9.74bn from $14.39bn in November. The decline was attributed to ongoing foreign exchange market reforms and broader…