Naira Soars To N1,680/$ In Parallel Market
The Naira has appreciated to N1,680 per dollar in the parallel market, a significant improvement from N1,690 per dollar last weekend. Similarly, the Naira appreciated to N1,552.92 per dollar in…
Naira Abusers Will Go to Jail, Says CBN
The Central Bank of Nigeria (CBN) on Tuesday, warned that those abusing the naira will be jailed. According to the Principal Manager, Currency Operations Department, Central Bank of Nigeria (CBN),…
BREAKING: Buhari Orders CBN To Recirculate Old N200 Notes
President Muhammadu Buhari has ordered the Central Bank of Nigeria (CBN) to recirculate the old N200 note. The note would remain legal tender with the newly re-designed N200, N500, and…
FG Plans to Raise $10bn To Increase Forex Liquidity, Stabilise Naira
Amidst the ongoing depreciation of Naira, the Federal Government has set its sights on raising $10 billion to bolster foreign exchange liquidity and stabilize the Naira. Also, the government unveiled…
Naira Hits New Low as Parallel Market Rate Climbs to N1,739
The Naira has continued its downward trajectory in the parallel market, dropping to N1,739 per dollar on Thursday, a decline from N1,735 on Wednesday. In a contrast, the Naira gained…
Protesters Block Major Roads Over Fuel Hike, Naira Notes Scarcity in Delta
Protesters, including residents and traders in Warri Main Market in Delta State, have stormed the popular Warri/Sapele road to protest over the hike in fuel and naira notes scarcity in…
Naira Crisis: FG, States Consider Out-Of-Court Settlement
The Federal and State Governments on Wednesday night considered an out-of-court settlement for the litigations trailing the naira policy of the Central Bank of Nigeria (CBN). Daily Report Nigeria recalls…
Naira Crash: FG Stops Access to Crypto Firms
In an effort to combat what it perceives as ongoing manipulation of the forex market and illicit fund movements, the Nigerian government has decided to stop the online platforms of…
Naira appreciates, trades at N1,600/$
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…