Naira drops by 0.42%, experts proffer solution

The Naira on Tuesday depreciated against the dollar at the Investors and Exporters window, exchanging at N430.67. The figure represented a decrease of 0.42 per cent compared with the N428.88 it exchanged for the dollar on Monday. The open indicative…

Naira gains, exchanges at N421.25 to dollar at Investors and Exporters window

The Naira on Friday appreciated at the Investors and Exporters window, exchanging at N421.25 to the dollar, a 0.30 per cent appreciation against N422.50 traded on Thursday. The open indicative rate closed at N419.34 to the dollar on Friday. An…

Naira tumbles as politicians hold convention

Naira fell against the U.S. dollar at the official market on Monday, Data posted by FMDQ, where forex is officially traded, showed that the currency closed at N420.25 per $1 at the official market. This implies a N0.50 or 0.12…

Naira depreciates, exchanges at N420.25 to dollar

The naira on Monday resumed the week on a negative note as it depreciated further by 0.12 per cent at the Investors and Exporters window. The local currency exchanged at N420.25 to the green back, compared to N419.75 recorded last…

Naira depreciates further, exchanges at N420.33 against the dollar

The naira, on Thursday, exchanged at 420.33 to the dollar at the Investors and Exporters window, compared to 419.25 traded on Wednesday, representing 0.26 per cent depreciation. The open indicative rate closed at N417.70 to the dollar on Thursday. An…

Naira gains against dollar at Investors and Exporters window

The Naira on Tuesday appreciated at the Investors and Exporters window, exchanging at N418.25 to the dollar. The Naira gained 0.18 per cent to the dollar, compared with the N419 traded on Monday. The open indicative rate closed at N417.70…

Parachutes everywhere but none to stem the plunge of the naira – Isidore Emeka Uzoatu

The parachute has always featured in the Nigerian story. What with it being the magic wand that had been used to drop the first federal troops in Biafran territory. Thus, it can be argued that it was the prime saviour…

CBN to retire N162b short-dated bills over costs (Guardian)

The Central Bank of Nigeria (CBN), in the next three months, is expected to remove not less than N162.49 billion from the country’s domestic debt profile, put at N12.29 trillion as at September 30, 2018. The move, coming amid revenue…

Group urges CBN to enforce ban on sale of new Naira notes (Independent)

Prof. Ishaq Akintola, the Director of Muslim Rights Concern (MURIC), an NGO, has urged the Central Bank of Nigeria (CBN) to enforce the ban on sale of new naira notes at parties. Akintola, who made the plea in Lagos on…

Nigeria naira depreciates to N362.19/$ in I&E Window

The Naira, Thursday, depreciated to N362.19 in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window rose to N362.19 per dollar Thursday from N362.08 per dollar on Wednesday, indicating 11 kobo…

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