BREAKING: CBN gives update on use of old Naira notes …C0NTINUE READING HERE>>> The Central Bank of Nigeria (CBN) has again released an update and clarified on the use of old Naira notes in the country. TheNewsGuru.com (TNG) reports the apex bank to have made the clarification on Friday in a statement released … Read more
Why Naira is appreciating massively against Dollar …C0NTINUE READING HERE >>> The Nigerian Naira appreciated substantially at both the official and parallel foreign exchange markets on Friday, ending the week on a positive note. Data from the Central Bank of Nigeria (CBN) revealed that the Naira strengthened to N1,535 per dollar on Friday, improving from … Read more
What we are doing to restore Naira’s true value – CBN Governor …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) has assured that the Naira’s true value will be restored with the introduction of an electronic FX matching system, which has proven effective in other markets. Governor of CBN, Olayemi Cardoso, gave the … Read more
Dangote Refineries still embittered over Naira – Crude oil initiative …C0NTINUE READING HERE >>> The Federal Government’s initiative to sell crude priced in naira is losing steam, the vice-president of Dangote Industries Limited, Edwin Devakumar, said in an interview with Reuters on Friday. Recall early last month, Nigeria officially commenced the sales of … Read more
Naira gains N28.85 against dollar at official market …C0NTINUE READING HERE >>> The Naira on Thursday appreciated at the official market trading at N1,658.67 against the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N28.85. This represents a 1.7 per cent gain, compared to the … Read more
Naira depreciates further against dollar despite increased turnover …C0NTINUE READING HERE >>> Nigeria’s local currency, the Naira, recorded a slight depreciation on Friday, trading at ₦1,652.25 against the American U.S. dollar at the official market. This marks a loss of ₦2.05 or 0.12% compared to Thursday’s exchange rate of ₦1,650.20 per dollar, according to data … Read more
CBN sends strong warning to commercial banks over Naira hawking …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) says it will heavily penalise Deposit Money Banks (DMBs) found supporting the hawking of Naira notes. Mr Solaja Olayemi, Acting Director, Currency Operations Department, CBN, said this in a memo to DMBs on Friday in … Read more
“$1 would’ve been N10,000 if God had not intervened” …C0NTINUE READING HERE >>> Pastor E.A. Adeboye, General Overseer of the Redeemed Christian Church of God (RCCG), reveals that only God’s intervention prevented the Naira from plummeting further against the US dollar. Speaking at the Special Holy Ghost Congress in Abuja, Adeboye warned that, without divine … Read more
Official Market: Naira depreciates against Dollar …C0NTINUE READING HERE >>> The Naira depreciated at the official market on Monday, trading at N1,676.90 to the Dollar. Data from the official trading platform of the FMDQ Exchange, a platform overseeing the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that Naira lost N10.18. This represents a … Read more
Naira appreciates against Dollar at official market …C0NTINUE READING HERE >>> The Naira on Friday appreciated at the official market, trading at N1,666.72 to the Dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that Naira gained N8.77. This … Read more