Tag: Naira
Fear of arrest: Partygoers, musicians invent new ways of ‘spraying Naira’
With the flashlights of the Economic and Financial Crimes Commission on abusers of Naira, Nigerians have devised new methods to ensure that the funfair...
Naira nears 1,000/$ at parallel market
The naira has continued its resurgence against the United States dollar, appreciating N1,136/$ at the official market and N1,050/$ at the parallel market at...
Steady dollar supply pushes naira to 1,262/$
The naira, on Wednesday continued its gain against the United States dollars, appreciating both at the official foreign exchange and parallel markets, to the...
Naira depreciation, inflation eroding value of insured assets
The recent sharp depreciation of the Naira in the foreign exchange market as well as the rising inflation rate has started eroding the value...
Naira gains as CBN pays banks $6.7bn forex backlog
The Federal Government through the Central Bank of Nigeria, has commenced payment of outstanding matured FX forwards owed to various creditors, the PUNCH can report.
A source...
Naira free fall was inevitable but all hope not lost — Uviase, Ecovis...
In a critical assessment of the impact of major policy reforms by the Tinubu administration, Andrew Uviase, Managing Partner of Ecovis OUC (Chartered Accountants), a leading...
Naira weakens to N950/dollar as forex scarcity worsens
The naira fell further to the dollar on Wednesday after closing at 950/$ at the parallel market.
Bureau de Change operators who spoke to The...
Naira crumbles to 920/$, fuel marketers push for fresh price hike
Oil marketers, on Thursday, insisted on a possible hike in the pump price of Premium Motor Spirit, popularly called petrol, following a further plunge...
Billion naira debt: WAEC withholds results of candidates from 8 states
RESULTS of students from eight states of the federation that sat for the 2023 West African Senior School Certificate Examination, WASSCE, have been withheld...
Nigerians Can Now Collect Diaspora Remittances In Naira, Says CBN
The Central Bank of Nigeria (CBN) has announced the inclusion of the naira as a payout option for diaspora remittances. CBN also directed that...
