MIRIAM NNOLI
Adams Oshiomhole, the senator representing Edo North on Saturday said the excessive printing of money” by the Central Bank of Nigeria (CBN) under former President Muhammadu Buhari-led administration through the Ways and Means policy crippled…
Boma Achenimie
On Tuesday, the bill seeking to prohibit the use of foreign currency in Nigeria scaled first reading in the 10th Senate. New Telegraph recalls that the bill, titled “A Bill for an Act to Alter…
Ayobamiji Komolafe
On Monday, the Nigerian Naira saw a notable appreciation in both the parallel and official exchange markets. In the parallel market, the Naira strengthened to N1,680 per dollar, compared to the N1,690 rate recorded over…
Boma Achenimie
The Nigerian Senate has expressed deep concern over the prevailing depreciation of the naira against the greenback and other foreign currencies. Senator representing Niger East and Chairman, Senate Committee on Finance, Sani Musa, in a…
Bolaji Jimoh
Former member of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), Sam Olofin has said that the naira needs to be saved from the clutches of “powerful operators” in the parallel market, which…
Bolaji Jimoh
Nigerian Naira is currently trading at over 2,000 Naira against the British pound in the parallel market, New Telegraph reports. Malam Ibrahim, a Bureau De Change (BDC) operator in Wuse Zone 4, confirmed the price…
Boma Achenimie
The upper chamber of the National Assembly, on Wednesday, summoned the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, to appear before it on Tuesday to explain the state of the national economy…
Goli Innocent
The Senate’s leader, Senator Opeyemi Bamidele has declared that starting from 2024, the Federal Government will pursue those responsible for the economic sabotage that has made life in Nigeria tough and intolerable for its citizens.…
Goli Innocent
The Federal Government through the Central Bank of Nigeria (CBN), has intensified its clearance of backlogs of foreign exchange (FX) forwards, thereby raising hope for the strengthening of the Naira in the coming days. A top…
Goli Innocent
Despite all efforts by the Central Bank of Nigeria (CBN) to strengthen the Naira against the Dollar, Nigeria’s Naira continues to face a relentless decline, prompting financial experts to emphasise the need for accelerated productivity…
