Tag: Naira

By Yakubu Musa Nothing, perhaps, illustrates the tragedy of the current world's most enduring struggle, the Israeli–Palestinian conflict, than last Friday’s UN resolution for a ceasefire. Curiously, the United States of America voted against it while her...
By Sanusi Abdullahi Kiru In the ever-evolving landscape of Nigeria's telecommunications industry, there are individuals who leave an indelible mark, reshaping the sector for the betterment of the nation. Among these luminaries, Prof. Umar Garba Danbatta stands...

Senate to invite Emefiele over inflation, Naira’s depreciation

By Ismail Auwal The Senate has vowed to summon the Central Bank, Governor, Mr, Godwin Emefiele, in response to the inflation and currency depreciation that...

Further 10% Naira devaluation possibly underway in 2022- Standard Chartered’s Strategist

By Ismail Auwal The Central Bank of Nigeria (CBN) may devalue the Nigerian naira by up to 10% in 2022. This was revealed by Abhilash Narayan,...

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 spends N58.6bn to print 2.5bn pieces of Naira notes

By Salim Yunusa   The Central Bank of Nigeria spent the sum of N58.618 billion to print 2.518 billion Naira notes, valued at 1. 063 trillion...

Nigerian railway corporation earns N2.12 billion revenue in H1 2021, doubles income, passengers

By Salim Yunusa Nigerian railway corporation generated a sum of N2.12 billion as revenue in the first half of 2021, representing a 123% increase compared...

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...

We can’t sanction the spray of Naira notes — CBN

By Salim Yunusa   The Central Bank of Nigeria (CBN) cannot enforce laws against violators of the currency or financial rules of the bank, officials have...

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...

Naira gains across forex markets as banks start payment of remittances in dollars

By Abba Gwale Forex turnover dropped by 22.9%, as the Naira’s exchange rate at the NAFEX window appreciated marginally against the dollar to close at...

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