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Tag "naira"

EFCC raids offices of BDC operators in Abuja amid naira depreciation

    EFCC raids offices of BDC operators in Abuja amid naira depreciation

Officers of the Economic and Financial Crimes Commission (EFCC) raided the offices of bureau de change operators in Abuja. The EFCC officials operated at the Sheraton Hotel area of Abuja

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Again, naira crosses N700/$ mark at parallel market

    Again, naira crosses N700/$ mark at parallel market

The naira has continued its downward trend, falling to N702 per dollar at the parallel market on Monday. The figure represents N10 or 1.4 percent depreciation compared to the N692

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Naira’s free fall continues, trades N692/$ at parallel market

    Naira’s free fall continues, trades N692/$ at parallel market

The naira, on Tuesday, fell to N692 per dollar at the parallel market amid the lingering scarcity of the greenback. The figure signifies a depreciation of N9 or 1.3 percent

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FX scarcity: EFCC raids BDC hub in Abuja over alleged dollar mop-up

    FX scarcity: EFCC raids BDC hub in Abuja over alleged dollar mop-up

Operatives of the Economic and Financial Crimes Commission (EFCC) have raided Wuse Zone 4, Federal Capital Territory, Abuja, over allegations that some Bureaux De Change (BDC) operators are mopping up

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Agusto: CBN should adjust forex rate, adopt 10% annual naira depreciation

  Agusto: CBN should adjust forex rate, adopt 10% annual naira depreciation

Olabode Agusto, founder, Agusto & Co, a credit rating agency, has advised the Central Bank of Nigeria (CBN) to adopt

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Naira slides to N707/$ at parallel market as FX scarcity persists

  Naira slides to N707/$ at parallel market as FX scarcity persists

Nigerian naira, on Wednesday, weakened to N707 a dollar at the parallel section of the foreign exchange market.  The figure

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‘We should be penalising somebody’ — Senate invites Emefiele over naira depreciation

  ‘We should be penalising somebody’ — Senate invites Emefiele over naira depreciation

The senate has invited Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), over the depreciation of the naira.

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Naira continues free fall, weakens 6% to N658/$ at parallel market

  Naira continues free fall, weakens 6% to N658/$ at parallel market

Nigerian naira, on Friday, fell at the parallel market to N658 per dollar amid higher dollar demand. The figure represents

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CBN: No plans to phase out circulation of naira notes

  CBN: No plans to phase out circulation of naira notes

The Central Bank of Nigeria (CBN) says it has no plans to phase out the circulation of the lower denomination

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Here’s what happens to the economy and naira just before an election year

  Here’s what happens to the economy and naira just before an election year

It’s official, the campaign season is upon us full swing; Bola Tinubu, the former governor of Lagos state and self-acclaimed

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