Tag: naira
Naira Plummets to Record-Low: Hits N1043.09/$1 at Official Market
The Naira hit a new low at N1,043.09 against the dollar, a significant depreciation from the previous day's rate A ...
Naira slumps to N1,043 against US dollar at official forex market
The figure represents a significant N170.50 or 16.35 per cent depreciation compared to the N872.59/$1 it was quoted on Wednesday ...
Weak Naira Impoverished Lecturers, Led To Mass Exodus – UNILAG VC
UNILAG's Vice Chancellor, Professor Ogunsola, highlights the impact of naira devaluation on staff salaries, leading to a mass exit abroad ...
CBN Issues Warning on Proliferation of Fake Naira Notes
The Central Bank of Nigeria (CBN) alerts on the presence of counterfeit Naira banknotes, urging vigilance and precautionary measures CBN ...
2024 Budget: N750/$ Rate, A Tall Order – Uwaleke
Capital market expert Uche Uwaleke expresses reservations about President Tinubu's 2024 budget, citing challenges in achieving the N750/$ exchange rate ...
Naira Holds Steady at 1,160/$ in Parallel Market
Naira stabilizes at N1,160 against the US dollar in the parallel market, providing slight relief compared to recent fluctuations The ...
Cardoso Reveals CBN’s Monetary Policy Focus in Highly Anticipated Address
Governor of the Central Bank of Nigeria, Olayemi Cardoso, is set to unveil the CBN's monetary policy and economic outlook ...
Tinubu’s Administration to Stun Currency Speculators – Presidency
The Presidency revealed strategic measures to strengthen the Naira, emphasizing a shift away from currency depreciation as a sign of ...
Naira may appreciate to N600 against dollar—Tinubu’s aide Fasu
Fasua further highlighted the likelihood of significant restructuring within the banking sector to enhance the stability and strength of the ...
BDC operators caution currency speculators as naira gains
The local currency strengthened by 15.18 per cent to N950/$ in the alternative market on Friday from 1,120/$ it traded ...
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