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Naira Depreciation: Senate Explores Policy Options To Mitigate Impact On Nigerians

Naira Depreciation: Senate Explores Policy Options To Mitigate Impact On Nigerians

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…

Save Naira From Powerful Operators Or Risk Collapse, Ex-MPC Member Tells FG

Save Naira From Powerful Operators Or Risk Collapse, Ex-MPC Member Tells FG

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…

BREAKING: Naira Falls To N2,000/1£ At Parallel Market

BREAKING: Naira Falls To N2,000/1£ At Parallel Market

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…

JUST-IN: Senate Summons CBN Gov Over Naira Free Fall

JUST-IN: Senate Summons CBN Gov Over Naira Free Fall

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…

FG To Go After Economic Saboteurs In 2024 – Bamidele

FG To Go After Economic Saboteurs In 2024 – Bamidele

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.…

Naira Gains As CBN Intensifies Settlement Of Forex Backlogs

Naira Gains As CBN Intensifies Settlement Of Forex Backlogs

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…

Naira Continues To Decline Despite CBN’s Efforts

Naira Continues To Decline Despite CBN’s Efforts

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…

Presidency Assures Nigerians, Says Those Hoarding Naira Will Be Shocked

Presidency Assures Nigerians, Says Those Hoarding Naira Will Be Shocked

The Presidency has guaranteed that the administration of President Bola Tinubu will not desist in its pursuit of policies aimed at fortifying the Naira. Speaking on Tuesday at a luncheon lecture titled “Cowries to Cash,” in…

Naira Weakens Against Dollar Despite Speculation Of Recovery

Naira Weakens Against Dollar Despite Speculation Of Recovery

There was a noticeable drop in the United States (US) dollar against the Nigerian naira in both the parallel and Forex markets on Tuesday, November 7. The naira dropped from its previous day rate of…

Naira Appreciates Against Dollar Amid CBN’s Forex Initiative

Naira Appreciates Against Dollar Amid CBN’s Forex Initiative

In an unprecedented development, the value of the Nigerian Naira has appreciated against the United States (US) dollar with prices below N1,000 for the first time in 44 days on all exchange avenues, including the…