Naira Depreciates Further, Exchanges for N1620 Per Dollar
The naira continued its downward slide against the dollar, exchanging for N1620 per dollar at the black market. This represents a further depreciation of the naira, which has been…
New Naira Notes: Sowore Demands CBN Governor’s Sack
Following the news on re-signing of some naira notes, the presidential candidate of the African Action Congress, Omoyele Sowore, has asked President Muhammadu to sack the Governor of the Central…
Protests: Sanwo-Olu Warns Against Rejection of Naira Notes
Governor Sanwo-Olu of Lagos State has warned his people against the rampant rejection naira notes. The warning was contained in a statememt on Wednesday signed by Gbenga Omotoso, HC, Information…
Dollar Hits N1,100 After Recent Rise
The Naira has weakened against the Dollar after its recent rise at the official market after hitting its lowest in history of N848/ dollar. It quickly fell in the official…
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…