Naira rebounds at official market, closes at N780/$1
Buoyed by the news of the planned injection of a substantial amount of foreign exchange by Saudi Arabia into Nigeria’s forex market to boost liquidity, the Naira appreciated against the
Read MoreBuoyed by the news of the planned injection of a substantial amount of foreign exchange by Saudi Arabia into Nigeria’s forex market to boost liquidity, the Naira appreciated against the
Read MoreThe authorised dealers increased the price of the United States Dollar (USD) to N800/$1 on Monday, the highest rate of the American greenback during trading in the official market. Although
Read MoreThe Lagos State Government says it has started the distribution of palliatives to residents of the state to douse the effects of fuel and new naira notes scarcity. Governor Babajide
Read MoreThe Supreme Court of Nigeria has restrained the Federal Government from implementing the February 10 deadline of the old 200, 500 and 1000 naira notes to stop being legal tender.
Read MoreAs the naira scarcity persists, some banks are shutting their branches over rising customer attacks, according to findings by The PUNCH. This came a day after the Lagos State Police Command
Read MoreThe Central Bank of Nigeria (CBN) has extended the deadline for the use of the old notes till February 10. CBN Governor, Godwin Emefiele, announced the extension in a statement
Read MoreJanuary 9,2023 The value of the Naira depreciated against the US Dollar at the Peer-to-Peer (P2P) and parallel market wings of the foreign exchange (forex) market on Friday, January 6
Read MoreDecember 17,2022 The Arewa Consultative Forum (ACF), on Friday, kicked against the Central Bank of Nigeria’s new policy of cashless banking effective from January 2023 According to the group, though
Read MoreDecember 16,2022 The Central Bank of Nigeria (CBN)44 will start rolling out the redesigned naira notes of N200, N500 and N1000 through commercial banks on Thursday. Ripples Nigeria had reported
Read MoreDecember 15,2022 The Nigerian Naira weakened further against the US Dollar across the forex markets on Wednesday. FMDQ reports that the Naira depreciated against the US currency by N4.2 or
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