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…

Despite FG’s clampdown: dollar hits N1,900; pound, N2,250

The naira Tuesday slid further at the parallel market in spite of the clampdown the federal government ordered on foreign exchange market speculators. Bureau De Change (BDC) hubs were raided in Abuja, Lagos and Kano and some operators were arrested.…

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 on Thursday made frantic efforts to offload their surplus dollar stocks. It…

Naira drops to N956/$ as dollar supply falls by 46%

The naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by 46.77 per cent. This is a 13.78 per cent decline from the N840.53/$ the naira closed trading on Wednesday according…

*Naira crashes to N1,210 to US Dollar (Leadership)*ABU student allegedly lures teenager for same-sex relationship, kills him (Punch)

Naira crashes to N1,210 to US Dollar (Leadership) The value of the naira continued its downward spiral at the opening of business activities on Monday crashing at the parallel market to N1,210 to the dollar as against N1,170 which it…

Naira closes N756/$ as trading rises at investor’s window

The naira appreciated by 1.79 per cent against the United States dollar on the Investor & Exporter forex window on Tuesday, closing at N756.61/$. On Monday, local currency slumped to 770.38/$ at the close of trading on the I&E window…

Banks now selling dollar at N750 in Nigeria

Barely five days after the suspension of Godwin Emefiele as Central Bank of Nigeria (CBN) governor, reports indicate that the Apex bank has given commercial banks and dealers in the forex market the green light to sell forex freely, at…

Naira gains against dollar by 0.03%

The naira appreciated against the dollar on Friday, exchanging for N461.38 at the investors’ and exporters’ window. The rate represented an increase of 0.03 per cent when compared to the N461.50 it exchanged to the dollar on Thursday. The open…

Old naira notes remain valid till December 31 – Supreme Court 

The Supreme Court has ordered the circulation of the old naira notes alongside the new ones until December 31. In a unanimous judgement, a seven-member panel of justices presided by Justice Inyang Okoro on Friday held that the directive by…

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