Naira: Official Market Records Highest Rate At N1,513/$
Despite the Central Bank of Nigeira (CBN) clearing off the verified backlog of foreign exchange claims owed foreign airlines on Tuesday, the value of...
Naira depreciates to N1,465/$ in parallel market
ABUJA - The naira yesterday depreciated to N1,465 per dollar in the parallel market from N1,445 per dollar on Tuesday.
However, the naira appreciated to...
Naira weakens to 1,233/dollar at parallel market
The naira exchanged to the dollar at 1,233/$ on Monday at the parallel market, according to Bureau de Change operators.
Some BDC operators who spoke...
Nigerian Govt was losing N400bn monthly to fuel subsidy – Finance Minister, Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says fuel subsidy was costing the Federal Government N400 billion monthly.
Edun revealed...
Dollar May Exchange For N4000 At Year End -Ozekhome
Lawyer and human rights activist, Mike Ozekhome has indicated that should the Naira keep on falling against the Dollar at its current rate, it...
We’ll open reserves to address food costs — FG
ABUJA — The Federal Government, yesterday, assured Nigerians that food items would be released from the National Food Reserves as part of the measures...
Senate summons CBN governor as Naira hits N1,520 per dollar
The Senate has summoned the governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, to appear before it on Tuesday, February 6, 2024,...