Naira Closes 1,309/$ As Banks Sell Record High $2.5bn
IN the last two weeks, the Central Bank of Nigeria and other banking institutions have improved dollar supply to the foreign exchange market.
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Buy Made-In-Nigeria Goods To Strengthen Naira, Tinubu Tells Nigerians
PRESIDENT Bola Tinubu has said the Federal government will henceforth patronise made in Nigeria goods as part of its strategy to further strengthen.
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Naira Appreciates To N1,382/Dollar, Presidency Warns Speculators
THE naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market. This.
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Naira: Comedy Inside A Tragedy – By Dakuku Peterside
ON Sunday, August 15, 1971, the United States economy was literally facing a firing squad. The Dollar was in a mess. Price gougers.
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No Plans To Convert $30bn Domiciliary Deposits To Naira – CBN
THE Central Bank of Nigeria (CBN) on Saturday said there is no plan to convert $30bn domiciliary deposits to naira. Reports emerged in.
Business
Inflation Targeting Policy: CBN Working To Reduce Pressure – Cardoso
GOVERNOR of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the apex bank is implementing “inflation targeting policy” to reduce the.
Business
How CBN’s Ways And Means Weakened Naira – Muhammadu Sanusi II
FORMER governor of the Central Bank of Nigeria, Khalifa Muhammadu Sanusi II, has said the apex bank’s lending to the federal government under.
Business
We Have Sufficient Stock Of Naira Notes – CBN
THE Central Bank of Nigeria (CBN) has said that it has enough volume of banknotes to go around against backdrop of the approaching.
Business
CBN Denies Alleged Plan To Redenominate Naira
THE Central Bank of Nigeria (CBN) has denied a report suggesting that it plans to redenominate the country’s legal tender, the Naira, with.
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Naira Appreciates Against Dollar For First Time In Three Weeks
NAIRA, on Thursday, appreciated against the US Dollar on the unofficial parallel market, commonly referred to as the black market. In afternoon trading,.
Column
When The Naira Is On A Free-Fall – By Kazeem Akintunde
ONE of the basic principles of economics that was ingrained in my brain 40 years ago at Boys Academy, Simpson, Lagos Island, is.
Column
Salary Increase Or Stronger Naira?
FOR five years now, I have been advocating for our currency to be strong rather than for salaries to be increased. Not because.
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EXCLUSIVE: Naira In Trouble As AFREXIM Struggles To Raise $3bn To Fulfill Loan Agreement With NNPC
THE instability of the naira seems to be far from over because not being a depositors’ bank, AFREXIM is unable on its own.
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Saving The Naira And Ourselves
INDEED Naira, the Nigerian legal tender, has no religion, tribe or tongue. It is common to all of us as Nigerians and foreign.
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CBN Refutes Claims Of Naira Devaluation, Says $1/N465 Remains
THE Central Bank of Nigeria (CBN) has reacted to reports claiming that it has devalued the naira to about 630 naira to a.
Business
Money Bouquet Is Naira Abuse, CBN Warns Nigerians
THE Central Bank of Nigeria (CBN) has warned Nigerians against making money bouquets, noting that is it an abuse of the country’s currency. .
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UPDATE: President Buhari Meets Emefiele, Tambuwal, Bagudu Over Naira Scarcity
PRESIDENT Muhammadu Buhari has met privately with the Chairman of the Nigeria Governors’ Forum, Aminu Tambuwal; and the Chairman of the Progressives.
Business
CBN Injects N6.9trn To Stabilise Naira
THE Central Bank of Nigeria injected N6.9 Trillion ($15.3bn) into the economy to stabilise the value of the naira from January to October,.
Business
New Naira: Bank Branches Not Open On Saturday To Collect Deposits
SOME Nigerian banks did not open their doors for Saturday banking to accept deposits due to the euphoria of Christmas. However, some other.