Tag: naira
CBN okays IMTOs to sell forex on Nigeria’s official window
The move was part of CBN’s commitment to the smooth functioning of the foreign exchange markets and enabling greater remittance ...
Three arrested for spraying Naira notes at burial in Delta
The EFCC added that the suspects will be charged in court once investigations are concluded Operatives from the Benin Zonal ...
Naira Devaluation: Nigerian Students in UK University Forced to Discontinue, Return Home
The sharp currency devaluation forced many Nigerian students at Teesside University to discontinue studies and return home Students felt unsupported ...
Naira Strengthens Against Dollar in Official Market
The Naira strengthened by N28.34 against the dollar, trading at N1,468.99 per dollar, indicating a significant 1.89% appreciation Trading data ...
Naira Defies CBN’s Interventions, Regresses To 1,510/$
Naira depreciation continues, trading at N1,510 to a dollar in the parallel market, marking a notable decline Despite CBN interventions ...
Naira Slides from Best to Worst Currency Performer, Bloomberg Reports
The Nigerian Naira's recent downturn contrasts sharply with its previous commendable performance, increasing pressure on the Central Bank The scarcity ...
JUST-IN: FG To Delist Naira From P2P Platforms
The federal government through its SEC has announced plans to delist the naira from all peer-to-peer (P2P) platforms. Emomotimi Agama, ...
Naira Makes Strong Recovery Against Dollar
The Naira closed April on a positive note, surging by N28.15 against the dollar in the official market Data from ...
Naira Rebounds, Sells For 1,280/$ At Parallel Market
Naira rebounds to N1280/$ in the parallel market, marking an 8.57% gain compared to Friday's N1400/$ rate Currency traders report ...
EFCC goes after unlicensed BDC operators as naira weakens against dollar
The Economic and Financial Crimes Commission (EFCC) arrested 34 suspected currency speculators on Friday for alleged foreign exchange fraud. According ...
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