Under President Muhammadu Buhari’s administration, the naira has plunged to yet another all-time low, trading at 800 to the dollar at Aboki Forex, a secondary exchange site. According to reports on Saturday,…
Tag: Naira
Emefiele responds after Finance Minister claims FG not aware of Naira redesign
A few days after the Governor of Central Bank, Godwin Emefiele, unveiled plans to redesign the Naira and begin circulation by December 15, 2022, the Finance Minister disagreed with the move. Vanguard…
Breaking: Naira falls heavily after CBN announcement to redesign naira
The Central Bank of Nigeria’s decision to redesign the Naira, the country’s currency, has greatly increased demand on the foreign exchange market. As more people look to buy dollars to exchange…
Three naira notes to gain new form as CBN names date of circulation
The Central Bank of Nigeria Governor, Godwin Emefiele has said the apex bank will redesign three naira notes. He said the bank had obtained approval from President Mohammadu Buhari to redesign N200,…
Naira to lose 20% of its value in 2023– Bank of America
The naira exchanged at 440.95 to the dollar in the official spot while parallel rate went up to N740. Despite the grievances of Nigerians, Bank of America predicts that the local currency…
BREAKING: Naira appreciates slightly against dollar
On Monday, the Naira slightly strengthened against the dollar at the Investors and Exporters window, trading at 436. In comparison to the N436.33 for which the dollar was exchanged earlier on…
BREAKING: Naira gains, exchanges at 436.33 per dollar
The naira appreciated slightly against the dollar at the Investors and Exporters window on Friday as it exchanged at N436.33k. The rate represented a 0.04 per cent appreciation compared to the…
Naira Hits New Low Against Dollar – Nigeria
Naira touched an all-time low at the Nafex Window on Wednesday, depreciating 0.11 per cent from N436.00 it traded on Tuesday. Naira weakened further on Wednesday, falling 0.11 per cent against the…
Naira down at official market
Naira fell significantly against the U.S. dollar at the official forex market on Friday, stretching the local currency’s depreciation run to two consecutive days at the spot market this week. According to…
Naira to dollar stable at official forex market
Naira recorded no movement against the U.S. dollar at the official market on Friday, a day after top officials of two government agencies met to resolve the foreign exchange crisis in the…