naira

The Federal Executive Council, FEC, on Monday approved the sale of crude oil to Dangote Refinery and other local refineries in the local currency instead of dollars. Chairman of the Federal Inland Revenue Service,…

In a bid to stop the recent slide of the naira, the Central Bank of Nigeria (CBN) has taken decisive action, disbursing $148 million to 29 authorized dealers. The apex bank make this known in a statement on Friday.…

The increased CBN inflows, along with anticipation of a rate hike, have propelled the naira to its most impressive daily performance since March, with the currency posting a 6.4% daily gain against the dollar. The…

The Naira recorded N81.34 depreciation against the US Dollar in a single day at the foreign exchange market. FMDQ data showed that the naira tumbled to N1,154.08 per Dollar, on Thursday,…

Naira makes biggest gain in months, exchanges N1,250/$ at parallel market The Naira is sustaining its honeymoon as it appreciated against the dollar on Monday, exchanging N1,250 to a dollar. The FX rate is a 0.43…

Naira will continue to stabilise – Shettima assures Vice President Kashim Shettima has assured that the naira will continue to stabilise in the coming weeks and months. Shettima gave the assurance at the inauguration of the…

Nigeria moves to save the naira, issues first Eurobond after two years Nigeria in moving to save the naira has hired investment banks including Citibank NA, JPMorgan Chase & Co., and Goldman Sachs, to seek advice on its…

Regina Daniel's Hubby, Ned Nwoko Gives Solution to Naira's Problems Following the depreciation of Nigeria's currency, Senator Ned Nwoko has called for the prohibition of the use of foreign currency in Nigeria as one way to stop…

British Airways may have directed the stoppage of ticket sales in Naira to Nigerians. Already, Emirates Airlines will suspend flight by September 1 over the same issue as the UAE carrier has over $85million trapped in Nigeria. Despite…

Emeka Okoanyanwu The Naira, Nigeria’s currency last week received its worst bashing in history, falling to N718 to one United States Dollar in the parallel market. This was just as bemused Nigerians woke up to behold the naira crashing…