Naira

Naira gains against dollar, exchanges at N1,431

The naira experienced a slight appreciation at the official market, trading at N1,431.49 to a dollar on Friday, March 22,…

1 month ago

CBN records $2.3bn increase in forex inflow

The Central Bank of Nigeria (CBN) says it reported a significant increase in foreign exchange inflow into the economy in…

2 months ago

FG targets cryptocurrency to end naira freefall

The Federal Government has resolved to target cryptocurrency to end the continued depreciation of naira in the foreign exchange market.…

2 months ago

Minister: Buhari’s govt printed N22.7trn aimlessly in 8 years

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the administration of former President Muhammadu Buhari…

2 months ago

Binance removes naira transactions from platform

Binance, a cryptocurrency trading platform, has announced the discontinuation of all its naira services commencing from March 8, 2024. Effective…

2 months ago

Devaluation wipes out MTN’s profit, declares N2.5trn revenue, N137bn loss

Despite the headwinds in the Nigerian economy, the country’s largest telecommunications company, MTN Nigeria, has seen its revenue increased by…

2 months ago

‘Inflation, naira devaluation’: Lafarge records 4.7% loss in 2023

Lafarge Africa Plc says its Profit After Tax (PAT) for the 2023 financial year declined by 4.7 per cent. The…

2 months ago

NACCIMA writes CBN, proffers solutions to naira depreciation, inflation

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has proffered short, medium, and long-term strategies to…

2 months ago

FG to raise $10bn for forex liquidity, Naira stability

The Federal Government has expressed determination to raise at least $10 billion to increase foreign exchange liquidity to stabilise the…

2 months ago

Naira: ONSA partners CBN to stabilise forex market

The Office of the National Security Adviser (ONSA) has announced a partnership with the Central Bank of Nigeria (CBN) to…

2 months ago

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