Confirming this development, Umoru Ahmed, a currency dealer based in Lagos Island said: “The naira was traded at N1,500 this morning of which I bought. There...
The indicative exchange rate for NAFEM increased to N1,309.88 per dollar from N1,308.52 per dollar on Wednesday, according to data from FMDQ, suggesting a N1.36 depreciation...
Jonathan Myers, the company's CEO, emphasised the significance of honouring the company's history while looking to the future, adding that ownership changes may be one of...
Money spraying has given rise to a mini-industry of buying and selling crisp and clean notes at party sites, an enterprise that must irk a joyless...
According to the News Agency of Nigeria (NAN), the Central Bank of Nigeria (CBN) maintained continuous reforms that resulted in a consistent appreciation of the naira...
The indicative exchange rate for NAFEM increased to N1,300.15 per dollar from N1,234.49 per dollar last Friday, according to data from FMDQ, suggesting an N65.66 devaluation...
I have identified six pillars to control or stop Naira abuse: Fight corruption because it is an enabler for abuse of the Naira. The incestuous relationship...
There should be long-lasting actions aimed at keeping the naira from speedy depreciation. Increased production and exportation is one trusted way of doing that. Others are...
The indicative exchange rate for NAFEM increased to N1,234.49 per dollar from N1,169.99 per dollar last Friday, according to data from FMDQ, suggesting an N64.5 depreciation...
The CBN deserves credit for its swift intervention. The naira's performance in recent weeks, which has seen it jump from the worst-performing currency to the best-performing...