Tag: Naira
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Witness Testifies to Receiving N1Bn for Renovating Yahaya Bello’s Properties, Naira Depreciates to N1,555 Per Dollar – Trending Today
Hello and welcome! In today's trending news stories:
1. A prosecution witness has testified at the Federal High Court in Abuja that he received N1...
Fears Over Inflation and the Naira as the Money Supply Reach N99.23 Trillion
The money supply (M3) reached a record high of N99.23 trillion in May 2024, and given banks' predicted capitalization, it is anticipated to soar...
Naira trades at 1,507.83/$ as FX inflows hit $24 billion
On Wednesday, the naira exchanged at N1,507.83 to the dollar in the official foreign exchange (FX) market, owing to enhanced liquidity following the country's...
Naira drops on the official market despite Cardoso’s market optimism
Under growing pressure from the U.S. dollar index, the naira softened by 71 basis points in the official market, indicating improved stability in the...
CBN provides IMTOs with naira access to enhance remittances
On Monday, the Central Bank of Nigeria (CBN) announced fresh initiatives aimed at increasing naira liquidity and diaspora remittances.
Eligible International Money Transfer Operators (IMTOs)...
