Naira Plunges N95.83 After Central Bank Raises Interest Rate
Nigeria's currency, the naira, dramatically declined yesterday by N95.83 on its official foreign exchange market, as the Central Bank of ...
Tag: Naira
A Game-Changer or a Drop in the Bucket? Unpacking Nigeria’s Crude Oil Naira Sales
This morning, I received some bad news: NNPC has formally invoked a "family planning" system for distributing petrol products. To ...
CERON Demands for Reconsideration of Subsidy Withdrawal and Floating of the Naira Policy
According to the Campaign for Equal Rights and Opportunities for All Nigerians (CERON), Nigerians are living wretched lives as a ...
Nigerian Naira Gains 4.8% Against the Dollar Following Bond Sale
After several months of freefall, the Nigerian naira has made a significant recovery, gaining 4.8% against the US dollar. This ...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, September 6 2024
As of today, September 6 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN) ...
MTN Group Reports Half-Year Loss Amidst Naira Devaluation
Africa's biggest telecommunications company, MTN Group, announced a half-year loss that is more significant owing to the devaluation of the ...
FG Moves to Adopt the Naira Crude Sales Policy
The federal government has bean to enforce President Bola Tinubu's Naira Crude Oil Sales Directive. Mr Wale Edun, Minister of ...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, July 31 2024
As of today, July 31 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN) ...
CBN Sells $148 Million In FX Market To Stabilize Naira
Nigeria's Central Bank has taken steps to guide the money trade with the aid of presenting $148 million to 29 ...
Federal High Court Lagos Dismisses Naira Abuse Charge Against Cubana Chief Priest
The Federal High Court in Lagos had on Tuesday, June 25, 2024 dismissed the charge against celebrity bartender, Pascal Okechukwu, ...
Naira gains value in the parallel market at N1,485/$
Yesterday, the Naira rose in the parallel market to N1,485 per dollar, up from N1,490 on Monday. However, the Naira ...
Naira Gains Ground as Foreign Reserves Rise
Nigeria's currency, the naira, is showing signs of recovery after rallying against the dollar this weekend. This positive shift comes ...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, May 23 2024
As of today, May 23 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN) ...
Economic Heat: Fluctuating Naira and Impact On Jumia’s Partnership With Easybuy
Nigeria is experiencing so much heat, but the discomfort goes beyond the scorching sun. The country's economic climate is equally ...
Naira Depreciation: BDC Operators Propose Solutions to Address Currency Decline
The Association of Bureaux De Change Operators of Nigeria has revealed plans for an amalgamated retail end of the foreign ...
We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.