For the very first time in the history of Nigeria’s economy, the Naira hit a record low of 600 naira per dollar on the black market, increased political spending on …
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naira
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+ How US Based Son, Oluwafemi Ajibola Stole Show From Overseas The ancient town of Iperu-Remo in Ogun State came alive again on Friday, January 22, 2021, at the final …
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The National Bureau of Statistics (NBS) on Tuesday said inflation rose by 12.20 per cent year-on-year in February. The inflation rate of 12.2 per cent, according to the bureau is …
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The naira appreciated against the dollar on Friday after days of panic buying amid speculations that the Nigerian central bank may devalue the local currency. The Nigerian currency had lost …
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Inflation in Nigeria rose to a 19-month high in December, as prices continued to rise many months after the country closed its borders with its neighbours. Annual inflation rose to …
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Nigeria’s Naira recorded its weakest performance against the United States dollar in two decades, closing the outgone 2019 on an average of N362.60, the worst run since the country returned …
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The naira on Thursday was sold at N359.3 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N450 and N396, respectively. At …
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In 1988, I addressed a “Letter to the Editor” concerning the state of the naira currency notes. I was constrained so to do then because of the wretched state of …
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The naira yesterday exchanged for N370 to the dollar at the black market but many buyers were cautious of staking their fund at such rates. It was the local currency’s …
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Nigeria’s foreign exchange reserves have declined by $2.15 billion in the last 30 days, as the Central Bank of Nigeria (CBN) position itself in defence of the naira. Since the …