Trump’s Warning to Nigeria Triggers Market Panic as Naira, Stocks Plunge
Nigeria’s financial markets are reeling following U.S. President Donald Trump’s threat to take military action against the country and...
naira
Forex Shake-Up: Chinese Traders Now Accepting Naira Instead of Dollars, Say BDC Operators
A major shift is unfolding in Nigeria’s forex market as Chinese traders are increasingly accepting naira directly for yuan...
Yul Edochie Urges Tinubu to Reinstate Cashless Policy, Claims It Curbed Kidnapping and Boosted Naira Value
Nollywood star Yul Edochie has sparked national debate after publicly urging President Bola Ahmed Tinubu to revive Nigeria’s suspended...
Trump’s Oil Drilling Push May Lower Fuel Prices But Hurt Naira, Warns CPPE
Donald Trump’s vow to restart oil drilling in the U.S. could send ripple effects through Nigeria’s economy, warns the...
Senate Bill to Ban Use of Dollars, Foreign Currencies in Nigeria Passes First Reading
A bill seeking to ban the use of foreign currencies, including the dollar and pound sterling, for transactions in...
Naira Gains N127 Against Dollar as External Reserves Hit $40bn, CBN Intervenes
The Centre for Promotion of Private Enterprise (CPPE) has attributed the recent massive appreciation of the Naira against the...
Naira Falls to N1,610/$ in Parallel Market Amid Increased Dollar Turnover
On Friday, the Naira fell to N1,610 per dollar in the parallel market, down from N1,580 per dollar the...
NLC call for immediate action to end cash scarcity
The Nigeria Labour Congress, NLC, has urged the Federal Government to quickly address the current cash crunch in the...
Cardoso & Naira: What Nigerians should expect
“As far as I am concerned, under my leadership, we will not be hijacked by anybody. The idea is...
Corruption, others cause Naira depreciation, Nigeria has excess BDCs – Economist, Fasua
An Economist, Tope Fasua said corruption, inefficiency and low productivity were among the factors causing the depreciation of the...
Naira weakens further to 517 against dollar
The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in...
Naira falls after CBN stops forex sales to BDCs
Naira fell marginally against the U.S dollar at the parallel market on Tuesday, after the Central Bank of Nigeria...
Reps list naira devaluation losses, ask CBN to halt trend
The House of Representatives has asked the Central Bank of Nigeria to urgently put in place a policy to...