Tag: Naira
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Naira depreciates more as dollar sales decline by 30.05%
Thursday's continued weakening of the naira on the official foreign exchange (FX) market was caused by a decline in dollar sales by market participants.
According...
Backlash Erupts as Tinubu Revives Old Anthem; Olympiacos Makes History as First Greek Club to Win European Title – Trending Today
Hello and welcome! In today's trending news stories;
1. On Wednesday in Abuja, President Bola Tinubu signed the National Anthem Bill, 2024, into law, bringing...
Foreign reserves decline as the naira declines in spite of FX changes
Nigeria's aggressive foreign currency reforms under President Bola Tinubu have failed to produce the outcomes many predicted, with detractors blaming implementation.
In the first year...
BDC attributes the depreciation of the Naira to inadequate forex allocation
A senior representative of the Association of Bureau De Change Operators (ABCON), who preferred to remain unnamed, provided insight into the Naira's continued devaluation,...
NGX Group generates N6.96 billion in transaction fees and treasury investment revenue
Nigerian Exchange Group Plc earned N6.959 billion from transaction fees and treasury investment income in the fiscal year ended December 31, 2023.
Nairametrics was able...
