My friend, Paul, is Jamaican. He has a strong Jamaican twang that sometimes leaves me wondering what he is saying. Paul and I met at our local pub in London and bonded over our mutual love for crossword puzzles. When…
Tinubu directs NNPC to sell crude to Dangote Refinery in naira
President Bola Tinubu has directed the Nigerian National Petroleum Company Limited to sell crude to Dangote Refinery and other upcoming refineries in Naira. The Special Adviser to the President on Information and Publicity, Bayo Onanuga, made this known in a…
Naira stable at N1,535/$ in parallel market
The Naira yesterday was stable at N1,535 per dollar in the parallel market. However, the Naira depreciated to N1,532.58 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM…
Naira slides by 4.6% against dollar at official market
The naira on Tuesday depreciated at the official market, trading at N1,416.57 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira…
Naira depreciates to N1,250/$ in parallel market
The Naira, yesterday, depreciated to N1,250 per dollar in the parallel market, from N1,140 per dollar on Thursday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,234.49 per dollar. Data from FMDQ showed that the indicative…
Nigeria’s economy looking good, Tinubu reassures
President Bola Tinubu has said despite some of the challenges Nigerians are facing in his administration, Nigeria’s economy looks good promising to bring down the ballooning inflation level affecting the exchange rates. Since assuming office in late May, Tinubu’s government…
Steady dollar supply pushes naira to 1,262/$
The naira, on Wednesday continued its gain against the United States dollars, appreciating both at the official foreign exchange and parallel markets, to the delight of many Nigerians. At the Nigerian Autonomous Foreign Exchange Market, the naira gained N16 or…
Naira appreciates to N1,382/dollar, Presidency cautions speculators
The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market. This came as Presidency warned currency speculators to desist from unpatriotic act against the national currency, saying racketeers…
Naira rebounds to N1,400/$ as speculators offload forex
The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market. This came as the Central Bank of Nigeria announced…