Naira records first N61 appreciation against Dollar after weeks of decline
After weeks of depreciation, the Naira recorded its first N61.38 appreciation against the Dollar at the official foreign exchange market.…
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Naira crisis: NGX records 1.36% decline
The Nigerian Exchange Limited recorded a 1.36 per cent decline last week due to losses by 41 equities amid Naira…
FX crisis pushes three Nigerian states to demand $501m loan repayment suspension
The state governments of Ekiti, Cross River, and Ogun have proposed a suspension of their foreign debt repayments worth $501…
Naira lost N63 against dollar at forex market
The naira depreciated by N63.36 per dollar at the foreign exchange market in the last 24 hours. FMDQ data showed…
FX crisis: Naira depreciates by N130 against dollar in 24 hours
The Naira depreciated by N130 against the United States dollar at the parallel foreign exchange market on Sunday. A Bureau…
Foreign exchange: Naira appreciates against dollar at official, parallel markets
The Naira ended the week by appreciating marginally against the dollar in the official and parallel foreign exchange markets. FMDQ…
Naira slumps against Dollar at foreign exchange market
The Naira has resumed depreciation against the Dollar in the foreign exchange market. FMDQ data showed that the Naira depreciated…
Naira depreciated by N112 against dollar at forex market in April
The Naira lost N112.38 against the US dollar at the foreign exchange market in April 2024. FMDQ data showed that…
Naira gains against dollar at official forex market
The naira recorded its first gain against the US dollar at the official foreign exchange Market this week. FMDQ data…
Naira loses N79 to dollar
The naira depreciated by N79.88 against the dollar at the official foreign exchange market. FMDQ data showed that the naira…
Forex: Naira appreciates against dollar, gains N80
After days of depreciation, the naira bounced back against the US dollar in the parallel market. A Bureau De Change…
‘Naira depreciates because I travelled out of Nigeria’ – Prophet Odumeje
Prophet Chukwuemeka Ohanemere of the Mountain of Holy Ghost Intervention and Deliverance Ministry, also known as Odumeje, said he has…
Naira records N169 weekly loss
The naira recorded a weekly depreciation of N169.24 against the US dollar in the foreign exchange market on Friday. FMDQ…
Naira continues to slump against dollar despite CBN’s intervention
The naira has continued its depreciation against the US dollar for the fifth time despite the Central Bank of Nigeria’s…
Again, Naira depreciates by N64 against Dollar at forex market
Again, the Naira lost N64.5 against the US dollar in the foreign exchange market. FMDQ data indicated that the Naira…
Naira abuse: Bobrisky files appeal against sentence
Controversial cross-dresser Idris Okuneye, popularly known as Bobrisky, on Monday, filed a notice of appeal challenging the six months maximum…
Naira will continue to appreciate against US dollar, Tinubu knows the game – Shettima
Vice President Kashim Shettima has assured that the naira will continue to appreciate against the dollar. Shettima said President Bola…
Naira appreciation: Nigeria gets fresh $600m into FX reserves
Governor of the Central Bank of Nigeria, Olayemi Cardoso, says Nigeria received $600 into the country’s foreign reserves. The development…
Naira records first depreciation against Dollar in months amid FX reserves decline
The Naira recorded a marginal depreciation against the Dollar in the foreign exchange market for the first time since March…
Enugu police arrest man with fake Naira notes
The Police Command in Enugu State says its operatives have arrested one Mmaduabuchi Okonkwo, 24, suspected to be in possession…
Nigerian govt to sell crude oil in Naira to Dangote, other local refineries
The Nigerian government has agreed to sell crude oil to Dangote and local refineries to boost the Naira. The Chief…
Why Nigerians lost faith in Naira – Finance Minister, Edun
Minister of Finance, Wale Edun, says Nigerians are saving in Dollars because they have lost faith in Naira. He noted…
Naira appreciates to N1,000 per dollar at FX black market
The Naira appreciated to N1000 per US dollar as Monday’s foreign exchange market commenced. A Bureau De Change operator, Mistila…
CBN stops foreign currency-denominated collaterals for Naira loans
The Central Bank of Nigeria, CBN, has prohibited the use of Foreign Currency-denominated collaterals for Naira loans by all Nigerian…
Senator Nwoko blames fall of naira on racketeers, vested interests
The senator representing the Delta North senatorial district at the National Assembly, Ned Nwoko, has attributed the fall of the…
Naira appreciation continues despite drop in FX turnover
The naira continued its appreciation against the US dollar despite a drop in foreign exchange turnover transactions at the FX…
Naira appreciation: FX turnover drops massively
Turnover at the foreign exchange market plunged to $166 million on Wednesday, 24 hours after hitting the historic $1 billion…
Forex: Naira gains N21.85 against dollar
The naira continued its appreciation against the US dollar on Tuesday at both official and parallel foreign exchange markets. FMDQ…
Naira appreciated by N660 against dollar since BDCs’ return to FX market – Gwadabe
The President of the Association of Bureaux de Change Operators of Nigeria, ABCON, Aminu Gwadabe, says the Naira appreciated by…
Naira maintains N1,300 exchange rate against USD
The Naira has maintained a N1,300 exchange rate mark against the US Dollar at the close of the official foreign…
ABCON reveals when Naira will appreciate to N1,000 per USD
The Association of Bureau de Change Operators in Nigeria, ABCON, has forecasted when the Naira will appreciate to N1,000 per…
Group commends Tinubu, CBN for stabilizing Naira
The Independent Media and Policy Initiative, IMPI, has said that the fiscal and monetary policy authorities in Nigeria have found…
Naira appreciates to N1,290 per USD amid CBN’s interest rate hike
Naira’s appreciation against the US dollar continued on Monday, exchanging N1,290 and N1,382.95 per USD at both parallel and official…
Convert dollars in your possession to Naira — Oluwo begs Nigerians
The Oluwo of Iwo, Oba Abdulrosheed Adewale Akanbi, has appealed to Nigerians to convert the dollars in their possession to…
USD supply dips by 30.7% despite Naira appreciation
The supply of United States Dollar dipped by 30.7 per cent to close at $199.71 million on Friday at the…
Naira appreciation against USD sustainable – Rewane
The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Bismark Rewane has said the current Naira appreciation drive against…
Naira exchanges at N1,382 per USD
The naira’s appreciation against the US dollar continued on Thursday, exchanging N1,382.35 per USD at the official foreign exchange market.…
CBN slashes exchange rate for cargo clearance amid Naira appreciation against USD
The Central Bank of Nigeria has reviewed its exchange rate for cargo clearance downwards by N18.87 to N1593.41 per US…
Naira continues appreciation against USD at forex market
The Naira ended last week on a positive note as it continued its appreciation against the US Dollar at the…
USD supply surges by 50% as Naira continues appreciation at FOREX market
US dollar supply surged by 50 per cent to $248.75 million as Nigeria’s currency, the Naira, continued its appreciation on…
Naira depreciation continues against USD at Forex Market days after Binance exit
The Naira continued its depreciation against the US dollar at the close of the official foreign exchange market on Friday,…
Why CBN revoking 4,173 BDC operator’s licenses is good for Naira – CPPE
The Centre for the Promotion of Private Enterprise said revoking 4,173 Bureau De Change operator licenses by the Central Bank…
Naira crisis: Why Tinubu govt moved against Binance – Onanuga
Presidential spokesman, Bayo Onanuga, has said that if not stopped, cryptocurrency trading website, Binance will destroy the Nigerian economy. He…
Naira appreciates against USD at forex market amid Binance clampdown
Naira has returned to its appreciation against the US dollar in the foreign exchange market amid the restriction of Binance,…
Naira rescue: Nigeria govt detains Binance executives amid crackdown
Nigerian Government has allegedly detained two senior executives at Binance as the most populous African country sustains clampdown on cryptocurrency…
Naira appreciation continues against USD at foreign exchange market
The Naira continued to appreciate against the US Dollar at the foreign market on Monday amid the Central Bank of…
Naira depreciation continues amid EFCC raid on BDCs
The naira tumbled against the US dollar at the foreign exchange market on Friday amid the continued raid of Bureau…
Nigerian government benefiting from dollar-to-Naira increas – Senator Ndume
Senator Ali Ndume says the federal government is not losing out from the naira depreciation against the dollar but gaining…
Naira appreciates massively on Binance amid access restriction in Nigeria
For the first in a while, Naira appreciated massively at Binance, a cryptocurrency platform, amid reported access restrictions on Nigeria’s…
Naira gains against US dollar at foreign exchange market
For the first since last week, the naira appreciated marginally against the US dollar on Tuesday at the foreign exchange…