Naira

Naira gains, exchanges at N1,382 against dollar

The naira experienced a further appreciation at the official market, trading at N1,382.95 to a dollar on Tuesday, March 26,…

2 months ago

EFCC to NFVCB: Stop movies promoting internet fraud, naira’s mutilation

The Economic and Financial Crimes Commission (EFCC) has called on the National Film and Video Censors Board (NFVCB) to continually…

2 months ago

CBN orders BDCs to sell dollar at N1,269

The Central Bank of Nigeria (CBN) has directed each Bureau de Change (BDC) operator to sell dollars to eligible customers…

2 months ago

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,…

2 months 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…

3 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…

3 months ago

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