Tag: Naira
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Naira Increases By Nearly 15% As Dealers Sell Dollars And Record Losses
In the past week, the naira has edged closer to a 15% gain versus the dollar in the black market, last night's trading in...
Naira Drops To N763.17 Per $1 In I&E And N785 Per $1 In P2P
On Wednesday, June 21, the American Dollar appreciated against the Nigerian Naira in all foreign currency (FX) market divisions, including the Investors and Exporters...
CBN’s Higher Lending Rate Will Hike Construction And Material Costs
Last week, the CBN's Monetary Policy Committee decided to raise the benchmark interest rate by 50 basis points, to 18%. The minor rise, according...
Nigeria’s Naira Redesign; Avarice Versus Envy
An illusion shared by everyone becomes a reality—Erich Fromm
Two neighbours came before Jupiter and prayed to him to grant their hearts’ desire. Now the...
“We Are Not Swayed,” Group Taunts Buhari For Denying Asking CBN To Disobey Supreme Court’s Order On Naira Swap
A rights group, the Rule of Law and Accountability Advocacy Centre (RULAAC) on Tuesday, said it is not persuaded by President Muhammadu Buhari’s statement,...
