Fresh move by CBN to float Naira sparks concerns in Nigeria’s forex market
The recent move by the Central Bank of Nigeria, CBN, to further float the Naira in the foreign exchange market has raised mixed concerns in the country’s economic…
Ban importation of human hairs – Omokri urges Tinubu
A former presidential aide, Reno Omokri, has urged President Bola Tinubu to ban the importation of hairs, as per DAILYPOST. Omokri said this on X while suggesting ways…
Naira rebounds as banks offload excess dollars
Ahead of the midnight February 1, 2024 deadline given by the Central Bank of Nigeria to commercial banks to sell all excess foreign exchange holdings, Deposit Money Banks…
Naira hits all-time low at forex markets
As the Central Bank of Nigeria (CBN) moved to clear dollar backlogs owed to foreign airlines operating in Nigeria, Naira slipped to an all-time low against the United…
Naira plunges to 1082/$ despite CBN’s $2bn debt repayment
The Nigerian naira has experienced a significant depreciation of 26.36 percent against the US dollar at the official Investor and Exporter window of the foreign exchange market. This…
BLACK MARKET DOLLAR TO NAIRA EXCHANGE RATE TODAY 29TH DECEMBER 2023
As of December 28, 2023, the exchange rate for the US dollar to Nigerian Naira in the Lagos Parallel Market (also known as the Black Market) is as…
BREAKING: Banks colluding with PoS operators to disrupt naira circulation, says CBN
The Central Bank of Nigeria (CBN) has issued a warning to Point-Of-Sale (PoS) operators and Deposit Money Banks (DMBs) regarding their practices that are impacting the availability of…
Naira to Dollar Black Market Dollar
Black Market Rates Dollar to Naira rate BUY 1225 DOLLAR (USD) SELL 1228 Pound to Naira rate BUY 1545 POUND (GBP) SELL 1560 Euro to Naira rate BUY…
Naira falls by 17% to N951/$
The Nigerian Naira experienced a significant devaluation, dropping by 17.91% to N951.22 against the US dollar in the official Investor and Exporter forex window. This decrease in value…
Nigerian Firms Report Significant Currency Revaluation Loss Due to Naira’s Depreciation
Eight major firms in Nigeria have reported a combined currency revaluation loss of N918.1 billion. This substantial loss is attributed to the sharp depreciation of the Nigerian naira…