Naira crashed to as low as N910/$, yesterday, at the parallel market as the market switched to a panic mood. With the local currency breaking the N900/$ psychological ceilings, there
The naira on Friday depreciated against the dollar, exchanging at N803.90 at the investors and exporters’ window. The naira decreased by 7.72 percent compared with N746.28, which it exchanged for
From the Central Bank of Nigeria (CBN) yesterday came a directive to International Money Transfer Operators (IMTOs): pay dollars received through Diaspora remittances to domestic beneficiaries in naira. A circular
The naira plunged to a record low against the dollar on Wednesday, as the central bank’s move to unify the exchange rate triggered a massive devaluation in the official market.
The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters (I&E) window the previous day, it
The naira appreciated against the dollar on Tuesday, exchanging for ₦464.50 at the Investors’ and Exporters’ window compared with the ₦464.51 to the dollar at the close of business on
With the launch of the National Domestic Card scheme, Afrigo, the Central Bank of Nigeria (CBN) has said it will be coming up with a deadline for the existing card
Samson Oluwamodede, a popular Evangelist in the southwest has prophesied a “boom” in the country’s economy, saying the naira will soon regain its power. The General Overseer of the Prayer
