Tag: naira
APC Governors Sue FG Over Naira Redesign as Cash Vanishes
Three Nigerian state governors from Kaduna, Kogi and Zamfara, have approached the Supreme Court seeking a halt to the Nigerian apex bank’s demonetization plan...
Naira depreciates, exchanges at 456.50 to dollar
The Naira on Friday exchanged at 456.50 to the dollar at the Investors and Exporters window.
According to the News Agency of Nigeria (NAN),The figure...
Naira gains slightly by 0.11%
The naira on Monday exchanged at 446 to the dollar at the Investors and Exporters window.
The figure represented an appreciation by 0.11 per cent,...
CBN says fake N1000, N500 note declined in 2020
The Central Bank of Nigeria (CBN) says the faking of higher denomination banknotes in Nigeria dropped 20.80 per cent in volume and 12.18 per...
One pound exchanges for N700, as Naira moves towards 500 per...
On Tuesday, the naira took a significant battering, falling to new lows against the British pound, Euro and U.S dollar in the black market.
Data...
Naira may emerge weaker, as CBN moves to unify exchange rates
On Friday, following news that the Central Bank of Nigeria (CBN) had adopted a flexible exchange rate as reference for government transactions, the official...
FX: Naira starts in strong, unlikely to be sustained
Nigeria’s currency ended last week on a positive against the dollar both at the official and unofficial foreign exchange market.
On Friday, Naira gained significantly...
Naira crashes further as CBN injects $1.47bn into FOREX market
Naira closed trading significantly weaker to the dollar at the official market on Tuesday.
Data from the FMDQ Security Exchange showed the Naira closed at...
I’ll make Naira equal in value to dollar – Buhari
The All Progressives Congress presidential candidate, General Muhammadu Buhari, on Monday said he would ensure that the Naira was equal to the dollar in...
