CBN Slams N150m Fine on Banks Fueling Naira Hawking Scandal
The Central Bank of Nigeria (CBN) has announced a hefty N150 million fine for each branch of any Deposit Money ...
Tag: Naira
Naira Recovers by N25 in Black Market Amid Moderation in Dollar Demand
The Nigerian naira regained strength in the parallel market on Thursday, increasing by N25 compared to the dollar as the ...
Naira Plummets to N1,745/$1, Speculators Blamed
The value of the Nigerian naira compared to the US dollar has dropped significantly in the unofficial market, reaching about ...
The Naira’s Resurgence: A Beacon of Hope or a Fleeting Mirage?
The Nigerian economy has faced a lot of problems for several months, with the Naira having a hard time keeping ...
Naira Strengthens Against Dollar as Sellers Struggle to Find Buyers
The Nigerian naira has recorded a significant milestone, increasing quickly against the US dollar on the official Exchange Rate Futures ...
Nigerian Naira Faces Uncertainty as Donald Trump Returns to U.S. Presidency
The Nigerian naira is facing a challenging time as the U.S. dollar becomes stronger, due to anticipation of Donald Trump ...
Nigerian Naira Slightly Depreciates Against US Dollar
On Wednesday, October 30, 2024, the Nigerian naira slightly lost value compared to the United States dollar in the official ...
The IMF’s Naira Stability Fantasy: A Slap in the Face of Nigerians
In a remarkable show of economic skill, the International Monetary Fund (IMF) has announced that the Nigerian Naira is "stable." ...
Naira Exhibits Stability Signs, International Monetary Fund Reports
The International Monetary Fund (IMF) has observed that Nigeria's currency, the naira, is showing signs of stability because of smart ...
Nigerian Naira Posts Weekly Gain of N40.49 in Official Foreign Exchange Market
The Nigerian naira increased by N40.49 compared to the previous week in the official foreign exchange market, even though the ...
Nigerian Naira Ranked Among Worst-Performing Currencies in Sub-Saharan Africa
The Nigerian naira is one of the worst-performing currencies in Sub-Saharan Africa in 2024, according to the World Bank's recent ...
Naira Rebounds To N1,561 At Official I&E Window Amid Stable Oil Prices
The Nigerian naira yesterday increased by 4.49% and ended at N1,561.76 compared to the United States dollar in the official ...
FG Commences Crude Oil Sales in Naira, Targets Economic Growth
The Nigerian government has commenced the sale of crude oil using the Naira currency, starting from October 1, 2024, according ...
Naira Devaluation Pushes Starlink Out of Reach for Many Nigerians
Over the past few years, there has been a decline in the value of the naira, leading to a 115.25% ...
Naira Plunges to 7-Month Low in Parallel Market
The Nigerian Naira ended September 2024 in a poor state, reaching its lowest point in seven months in the parallel ...
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