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. Bawa stated this in an interview with Deutsche Welle (DW) Hausa service, saying President Muhammadu…
Why Naira redesign should be everyone’s cup of tea — Magnus Onyibe
In elementary study of economics in secondary school, l learnt that during the global recession of 1933, inflation was so high that in then West Germany, if someone bought a cup of tea in a cafe before finishing it so…
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…
