Tag: BUSINESS, DOLLARS, NAIRA, News, Nigeria, NNL
Naira depreciates further, exchanges at N430.67 to dollar
The Naira on Tuesday further depreciated against the dollar at the Investors and Exporters window, exchanging at...
Buhari told who to blame for Naira’s fall, only way Nigeria can meet OPEC quota
The Conference of Nigeria Political Parties (CNPP) on Thursday urged President Muhammadu Buhari to end the inefficiency and endemic...
We’re working to avert further Naira fall – CBN
With an escalating demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has assured...
Naira falls to N700/$1 as dollar demand pressure rises
Naira has weakened to new low of N700/$1 at the parallel market as dollar demand pressure from retail end users persists. The naira...
Mercy Aigbe laments exchange rate
Nationnewslead report that Popular actress Mercy Aigbe-Adeoti has lamented the increase in the exchange rate. Aigbe groaned over the...
Court jails Chinese man over Naira mutilation
The Lagos State Zonal Command of the Economic and Financial Crime Commission, EFCC, has secured the conviction and sentencing of one Li Lei Lei to two years...
BREAKING: Naira Crashes Massively, Closer To N600/$1 Amid CBN Various Interventions
Despite the CBN’s various interventions, the Naira has Crashed Massively and is now closer to N600/$1. Despite the Central Bank of Nigeria’s several...
Naira slides again, exchanges for 417.51/dollar
The naira continued its downward trend as the dollar was sold for N417.51 at the official market on Thursday. This was contained in data obtained from the...
CBN defends naira with $2.1bn, suffers marginal depreciation
The Central Bank of Nigeria, CBN, in a bid to defend the naira, injected $2.1 billion into the Investors and Exporters (I&E) window, in the seven...
Naira sinks to 530 against dollar, pound hits N720
The naira plunged to a fresh record low against the dollar, the British pound sterling and euro on Thursday amid the lingering scarcity of foreign exchange...
Naira falls to all-time low of 527 against dollar
The naira extended its decline on Monday, sliding to an all-time low of 527 against the dollar at the parallel market. The local currency, which has been...
Naira tumbles to 515 as dollar scarcity persists
The naira pared some of its recent gains against the dollar at the parallel market on Wednesday amid the lingering scarcity of the greenback in the...
Naira strengthens to 512/$1, banks sell dollar for N412
The naira appreciated against the dollar at the parallel market on Monday as deposit money banks set up foreign exchange teller points for customers in...
Panic buyers push naira to N502/$1 on parallel market
The naira on Friday exchanged at N502 to dollar on the parallel market as panic buyers piled pressure on the local currency. The naira lost N3/$1 when...
Naira crashes to N493/$ at parallel market
This is not the best of times for the naira. It crashed yesterday to N493/$ at the parallel market, losing N12 to the dollar within 24 hours. It closed on...
Experts fear inflation as CBN further devalues naira to 410.25/$
The Central Bank of Nigeria officially devalued the naira to 410.25/$ after the country’s currency defied all interventions to retain its value. However,...
Naira falls to 485/$, BDCs warn speculators of losses
The Nigerian currency weakened against the United States dollar on Friday at both the parallel market and the investors’ and exporters’ window. The...
CBN extends naira-4-dollar scheme deadline indefinitely
The Central Bank of Nigeria has extended its “Naira 4 dollar scheme” earlier scheduled to end on May 8, 2021 indefinitely. It disclosed this in a circular to...
