Tag: NAIRA
Naira at record closing low as dollar shortages linger
The naira was stuck at a record closing low of 292.90 to the dollar on Wednesday after just one transaction was carried out, with...
Naira plummets as currency floats for first time
The naira plunged 40 percent in value on Monday after the Federal Government allowed the currency to float, with businesses welcoming the move as...
IMF hails Nigeria’s decision to end currency peg
The International Monetary Fund (IMF) said on Thursday it welcomed the decision by the Central Bank of Nigeria (CBN) to abandon its currency peg...
Naira falls to 367 as dollar scarcity hits black market
The naira was quoted at 367 on the black market on Wednesday, down 1.6 percent against the dollar as delays by the Central Bank...
Naira maintains value to dollar at parallel market
The naira on Tuesday traded at N350 to the dollar, maintaining its value since Friday.
It, however, weakened further against the pound sterling.
The naira exchanged...
CBN set to weaken the naira, warns of imminent recession
The Central Bank of Nigeria (CBN) on Tuesday abandoned its naira peg to the dollar in favour of a flexible currency regime, a policy...
5 selfies every Nigerian has taken
Nigerians love taking selfies. While some use selfies to share personal feats, fond memories, where they are vacationing or even what they had for...
Naira was strong until I was sacked in 1985 – Buhari
President Muhammadu Buhari has said the naira was strong during his military regime but lost value after his removal from office in 1985.
Buhari was...
Naira sells for N370 to a dollar at parallel market
The Naira appreciated by N20 on Monday, exchanging for N370 to the dollar at the parallel market.
It sold at N390 to one dollar on...
Plunging Naira: Before you blame Emefiele look at yourself, by Kenneth...
It is either I do not understand economics and how exchange rates work or a vast majority of us Nigerians still don’t get how...