Tag: Naira
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Cardoso Concedes That Raising Interest Rates To 27.75% Hurts Borrowers
Yemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has admitted that the interest rate increase to 27.25% is "painful" for borrowers,...
Naira Closes At N1,659.26 In The I&E Window, Edging Closer To The Dollar
The naira rose slightly versus the US dollar on October 3, 2024, closing at N1,659.26 in the official Investor and Exporter (I&E) window, despite...
Naira Declines By 8.25% In The I&E Window, With Market Turnover Hitting $176 Million
In the official Investor and Exporter (I&E) window, the naira closed at N1,669.15 on October 2, 2024, after depreciating versus the US dollar.
This represents...
Naira Reaches A Six-Month Low In The Official FX Market
On Tuesday, the naira fell to a six-month low of N1,656.49 per dollar in the official foreign exchange (FX) market, owing to high demand...
BREAKING: Tinubu Directs NNPC To Sell Crude To Dangote Refinery In Naira
According to reports coming in, President Bola Tinubu has directed the Nigerian National Petroleum Company Limited to sell crude to Dangote Refinery and other...
