Tag: Dollar

The Nigerian Communications Commission (NCC) has approved a 50% tariff increase for telecom operators, raising the cost of data and airtime for Nigerian subscribers. The adjustment, effective immediately, aims to address operational cost challenges faced by...
In a landmark move to safeguard the interests of telecommunications consumers, the Nigerian Communications Commission (NCC) and the Federal Competition and Consumer Protection Commission (FCCPC) have signed a Memorandum of Understanding (MoU) to foster regulatory collaboration....

Nigeria’s external reserve gains $5.15 billion in 2021

By Ismail Auwal Nigeria's external reserves increased by $5.15 billion in 2021 to close at $40.52 billion on December 31, 2021, a 14.5 percent increase...

The continuous fall in naira value: Are Nigerians digging their graves?

By Kabiru Isa Dandago The continuous fall in the value of the Naira (the Nigerian monetary currency) started from the era of Structural Adjustment Program...

Naira gains big, rises to N535/$1 at black market

By Salim Yunusa   The exchange rate between the naira and dollar strengthened to N535/$1 at the black market a significant rise from N570/$1 which it...

CBN/Aboki FX saga: Currency play, lessons from billions TV show

By Abdulhaleem Ishaq Ringim  While explaining the reason behind the Central Bank of Nigeria’s clampdown on the parallel market exchange rate aggregation and publication website,...

Naira sinks to an all-time low, while external reserves rise

By Salim Yunusa The naira plunged to a fresh record low against the dollar, the British pound sterling and euro on Thursday amid the lingering...

Naira slightly appreciates after hitting all-time low

By Salim Yunusa   Naira clinched a meager gain against the U.S. dollar at both the official and unofficial market windows of the forex market on...

Banks comply with CBN directive, sell Dollar at N412

By Salim Yunusa In compliance with the new Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN), commercial banks in Abuja have set...

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