Tag: Naira
‘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 Chief Executive Officer of Lafarge...
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 address naira depreciation, inflation...
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 Naira and grow the...
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 safeguard foreign exchange market...
Nurse, two others arrested for currency racketeering
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested the trio of Sallah Asmau Wuraola, Owoduni Abdullahi Isa (a.k.a Bolaji) who are Point...
EFCC arrests banker, PoS agent for naira racketeering
The operatives of the Economic and Financial Crimes Commission (EFCC) have arrested a banker, Soberechukwu Inya Ewa, and a Point of Sale (PoS) cashier,...
‘All-time low’: Naira crashes to N1,534 against dollar
The naira, on Monday, February 12, 2024, continued to suffer depreciation against the U.S. dollar as it exchanged at N1,534 on the official Nigerian...
CBN: We’ve no plans to convert $30bn domiciliary deposits to naira
The Central Bank of Nigeria (CBN) says it has no plans to convert $30 billion deposits in domiciliary accounts to naira.
A report had, on...
Police arrest man with fake naira notes in Lagos
The operatives of the Lagos State Police Command have arrested a 47-year-old man, Shola Owosho, for alleged possession of counterfeit naira notes.
The command’s spokesperson,...
Naira crashes to N1,300 against U.S. dollar
The naira, on Tuesday, January 16, 2024, continued to suffer depreciation against the dollar as it exchanged at N1,300 on the Peer-to-Peer cryptocurrency window.
Some...
