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Naira ends August with modest...

Naira ends August with modest gain against...

Why Nigeria is taking regulatory...

Why Nigeria is taking regulatory action against...

Naira ends August with modest gain against Dollar in Nigerian forex market

Naira ends August with modest gain against Dollar in Nigerian forex market Story by Martha Gwary The Nigerian naira recorded a slight appreciation against the US dollar on Friday, with gains observed in both the official and parallel foreign exchange markets. In the parallel market, the naira strengthened from ₦1,552 per dollar on Thursday to ₦1,545/$. According to data from the Central Bank of Nigeria (CBN), the local currency also firmed to ₦1,531/$ on the Nigerian Foreign Exchange Market (NFEM), compared with ₦1,533 per dollar recorded on the previous trading day. READ ALSO: Nigeria’s reserves...
Salim Sani -
Business & Economy

Naira ends August...

Naira ends August with modest gain against Dollar in Nigerian forex market Story by Martha Gwary The Nigerian naira recorded a slight appreciation against the US...
Salim Sani -
Opinion

Why Nigeria is...

Why Nigeria is taking regulatory action against Binance and crypto firms, by Abubakar Hassan Gimba In response to Nigeria's ongoing forex crisis, the government is...
Neptune Prime -
Nation

Manufacturers give conditions...

Manufacturers give conditions to lower cement price from N15000 to N8000 Cement manufacturers have agreed to reduce the price of cements from N10,000 to between...
Neptune Prime -
News

Tinubu, Atiku at...

Tinubu, Atiku at war over FG's forex policy In a heated exchange, President Tinubu and former Vice President, Atiku Abubakar, engaged in a war of...
Neptune Prime -
Nation

EFCC searches Dangote...

In a recent development, operatives of the Economic and Financial Crimes Commission (EFCC) have conducted a search operation at the Lagos head office of the Dangote Group.
Adamu Fatima -
Business & Economy

CBN to increase...

CBN to increase capital base of banks, mandates technology-driven payments Governor of the Central Bank of Nigeria (CBN) Dr Olayemi Cardoso said the CBN will...
Gift Luckson -
News

NNPC reports 30%...

NNPC reports 30% drop in petrol consumption, decrease in forex demands The Nigerian National Petroleum Company Limited (NNPC) has announced a significant decrease in petrol...
Salim Sani -
Opinion

How CBN can...

The revelation about the CBN taking loans from international banks to defend the naira is not healthy for an economy like ours with loan debt standings at above $15 billion.
Kenneth Afor -
Business & Economy

Sound naira is...

Sound naira is required for FOREX unification success, by Adefolarin A. Olamilekan News in Nigeria over the weeks has been full of the latest bold...
Kenneth Afor -
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