Naira

The Naira on Friday lost slightly to the dollar, exchanging at N436.33 compared with N436.32 on Thursday. The open indicative rate closed at N433.83 to the dollar on Friday. An exchange rate of N437 to the dollar was the highest rate…

The naira on Wednesday appreciated against the dollar at the Investors and Exporters window, exchanging at N429.38. The figure represented a gain of 0.16 per cent compared with the N430.67 it exchanged for the dollar on Tuesday. The…

The naira rebounded at the Investors and Exporters window on Wednesday, rising by 0.34 per cent against the dollar. Specifically, the naira exchanged at N429.20 per dollar compared with N430.67 it exchanged for the dollar on Tuesday.…

The general overseer of Omega Power Ministry, Apostle Chibuzor Chinyere has cancelled overseas scholarships for Nigerian students due to high dollar rate. The Port Harcourt based cleric made this known in a Facebook post on Tuesday.…

Aviation expert Bankole Bernard has urged President Muhammadu Buhari’s regime to urgently assist in the provision of foreign exchange to allow foreign airlines repatriate their unremitted ticket revenue. Mr Bernard, Finchglow Holdings…

The Association of Bureaux Des Change Operators of Nigeria has urged the Central Bank of Nigeria to float the naira to halt its further depreciation. The President of ABCON, Alhaji Aminu Gwadabe, made the appeal on Saturday in an…

The Senate, on Wednesday, said it would summon the governor of the Central Bank of Nigeria, Godwin Emefiele, over inflation and naira devaluation which had led Nigerians to more hardship. The senators lamented that the United States…

The naira fell further in the parallel market to trade for N670 against the U.S. dollar on exchange platform Aboki Forex, according to checks by Peoples Gazette. While the naira fell in value on the black market, it remained N430 to the…

The Nigerian currency has continued its free fall sinking further to N658 against the U.S. dollar in the parallel market, according to data from Aboki Forex. The naira, which traded for N620 against the dollar on Monday, N630 on…

The Central Bank of Nigeria has threatened to arrest and prosecute Nigerians using naira to buy dollars. “For those taking money from banks to buy dollars, it is illegal to do so. If the security agencies hold you, you will know the…