Official FX rate passes parallel market as Naira appreciates to N1,595/$
The naira yesterday appreciated to N1,595.11 per dollar in the official Nigerian Foreign Exchange Market (NAFEM).
Meanwhile,…
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Naira
FG printed too much money, Gov Otti laments free fall of Naira
Abia State Governor, Alex Otti, has lamented the free fall of the naira, saying the Federal Government printed too much money in…
Be patient, CBN working to strengthen Naira – Cardoso tells Nigerians
Governor of Central Bank of Nigeria, CBN, Dr. Olayemi Cardoso, yesterday, appealed to Nigerians for patience, assuring them that…
Naira gains at official market, drops to N1500/$ parallel market
The naira gained marginally against the United States dollar on Tuesday, rising to N1,499/$ from its previous record low of…
Naira falls to N1,500/$ in parallel market
The naira yesterday experienced a depreciation to N1,500 per dollar in the parallel market, compared to N1,465 per dollar on…
Naira falls to N1,455/$ in parallel market
The Naira yesterday experienced a decline, reaching N1,455 per dollar in the parallel market compared to N1,440 per dollar…
No plans to convert $30bn domiciliary deposits to naira – CBN
The Central Bank of Nigeria (CBN) on Saturday said there is no plan to convert $30bn domiciliary deposits to naira.
The Federal…
Naira falls to N1,490/$ in parallel market
The naira yesterday experienced a decline to N1,490 per dollar in the parallel market, compared to the previous rate of N1,470 per…
JUST IN: Senate summons CBN governor on state of economy, naira free fall
The Senate, on Wednesday, through its Committee on Banking, Insurance and other Financial Institutions, summoned the Governor of…
FG targets oil revenue, domestic savings, loans to boost naira
The Federal Government on Wednesday outlined a three-pronged strategy to boost its foreign exchange (forex) position with a view…