Naira loses to dollar, exchanges at 445.83
The naira was trading at 445.83 to the dollar at the Investors and Exporters window on Wednesday, down 0.01 percent from the previous day’s rate of 445.80. On…
Naira depreciation adds N9tn to foreign debt burden
The exchange rate between the naira and the dollar decreased from N196.92 in June 2015 to N414.72 in June 2022, hence increasing Nigeria’s external debt.Information Guide Nigeria The…
CBN defends naira with $11.24bn in seven months
When contacted, Billy Gillis-Harry, President of the Petroleum Retail Outlet Owners Association of Nigeria, told our correspondent that the fuel supply situation had yet to stabilize.Information Guide Nigeria…
Emefiele: We must tackle oil theft to build reserves, enhance Naira stability
Emefiele, governor of the Central Bank of Nigeria, CBN, has stated that addressing the issue of oil theft is essential for accumulating substantial foreign exchange reserves and ensuring…
When will the old naira expire?
The Central Bank Governor, Godwin Emiefele, has warned that as of January 31, 2023, the apex bank will no longer accept old Naira notes.Information Guide Nigeria This comes…
Naira begins new week on positive note, exchanges at N445.38 to the dollar
Compared to the N445.67 that the dollar was exchanged for at Friday’s close of business, the amount shows an increase of 0.07 percent. Monday’s closing open indicative rate…
EFCC chairman: Naira redesign may crash dollar to N200
The Economic and Financial Crimes Commission (EFCC) chairman, Abdulrasheed Bawa, believes the dollar will fall to N200 following the redesign of naira notes.Information Guide Nigeria Bawa stated this…
Naira ends one-week rally, depreciates to N790/$ at parallel market
The naira’s growing fortunes on the parallel market were reversed on Tuesday, when the local currency fell to N790 per dollar.Information Guide Nigeria The amount indicates a N80,…
Dollar may exchange Naira for 200 – EFCC Chairman
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the dollar might drop to ?200 after the redesigning of naira.Information Guide Nigeria Bawa…
Bureau De Change Operators Stop Accepting Dollars In Exchange For Naira In Adamawa
For about 48 hours, the operators have rejected dollar bills from sellers due to growing uncertainty in the parallel market.InformationGuideNigeria Following its decline against the naira from N870…