Naira

CBN defends naira with $7.6bn in five months

The Central Bank of Nigeria injected $7.6bn into the economy to stabilise the value of the naira in five months.…

2 years ago

Trapped Funds: British Airways Blocks Travel Agents From Paying In Naira, Mulls Flight Suspension

As the issue of trapped $464m foreign airlines’ funds lingers, British Airways may stop flying to Nigeria as from December…

2 years ago

Naira gains after remaining constant for 2 days

The Naira on Friday appreciated against the dollar at the Investors and Exporters window, after remaining constant in value for…

2 years ago

Falling naira: EFCC threatens to arrest dollar hoarders

The Economic and Financial Crimes Commission has threatened to arrest Nigerians hoarding dollars and other foreign currency. Chairman of the…

2 years ago

Naira strengthens to N665/$ at parallel market — days after EFCC raided BDC hub

The naira, on Tuesday, sustained its momentum at the parallel market, appreciating to N665 per dollar a few days after…

2 years ago

Senate to invite Emefiele over naira devaluation

The Senate, on Wednesday, resolved to summon the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, to educate…

2 years ago

Naira gains marginally against dollar, exchanges at 419

The Naira on Wednesday exchanged at 419 to the dollar at the Investors and Exporters window, compared to 419. 50…

2 years ago

Naira falls across markets •Forex reserves drop to $38.59 billion

Nigeria’S foreign reserves have dropped to $38.59 billion as the Central Bank of Nigeria (CBN) continued its currency float management…

2 years ago

Naira drops to N570/$1 on high forex demand

The naira has weakened against the dollar at the parallel market, trading at N570 amid demand for the currency during…

3 years ago

Naira slides ahead of Yuletide, exchange for 570/dollar

The naira continued its downward trend as the dollar was sold for N570 in the parallel market on Tuesday. Operators,…

3 years ago