Tag: naira
Cross-Border Traders Abandon Businesses as Naira’s Value Plummets
Nigerian Naira's ongoing devaluation, trading at N2,010 per CFA1000, negatively affects cross-border traders and causes higher commodity prices Scarcity of ...
No plans to change naira notes — CBN
CBN urged Nigerians to ignore the widespread dissemination of a text message implying that the Bank is considering redenominating the ...
Naira will regain value before December 2023 – Oyedele
He mentioned that this plan encompasses a crackdown on unlawful currency trading This action is expected to narrow the gap ...
Nigeria to Automate Forex Transactions as Naira Falls to 1,220/Dollar
Nigerian government plans to automate the entire foreign exchange market to monitor transactions closely, penalize speculators, and stabilize the Naira ...
Hasty Devaluation of Naira Responsible for Economic Hardships, Says Expert
A financial expert attributes Nigeria's ongoing economic difficulties to the hasty devaluation of the naira following the removal of fuel ...
I would have depreciated Naira to N600 – Peter Obi
He said floating of the naira “is not something you do haphazardly The Labour Party's presidential candidate, Peter Obi, mentioned ...
What Nigeria Must Do To Strengthen Naira – Bismarck Rewane
Bismarck Rewane, Managing Director of Financial Derivatives Company Limited, emphasized the need to stop oil leakages to strengthen the naira ...
Naira’ll be stronger than dollar soon, Adeboye prophesies
The renowned Clergy recounted the days of yore when Naira competed favourably with United States dollars As of close of ...
Fuel marketers threaten fresh price hike as Naira crumbles to 920/$
Ex-depot petrol price around N585/liter; projected N680/liter due to current forex rate might require a N95/liter subsidy Nigerian Midstream ...
Naira tumbles to 900/$ as CBN vows to punish derailing BDC operators
The naira's value also decreases on the Investor & Exporter (I&E) window, falling to 773.42 naira per dollar from 757.10 ...
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