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Tag "naira"

EXPLAINER: What does the naira float mean for you, your business?

    EXPLAINER: What does the naira float mean for you, your business?

On Wednesday, the Nigerian currency traded for N755 to the dollar at the investors and exporters (I&E) window, following a reported float of the local currency on the instruction of

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Emefiele’s arrest and my feeling of déjà vu

    Emefiele’s arrest and my feeling of déjà vu

The suspension of the Central Bank of Nigeria (CBN) governor, Godwin Emefiele on Saturday, June 10, 2023, came as a relief to many Nigerians in the aftermath of his ill-fated

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How Tinubu’s unified exchange rate and naira devaluation can affect you

    How Tinubu’s unified exchange rate and naira devaluation can affect you

Let me save you some time and answer your questions from the top. Will there be a devaluation of the naira? Yes. When will this be? Soon. My guess is

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Here’s what Tinubu’s speech means for the naira and petrol pump price

    Here’s what Tinubu’s speech means for the naira and petrol pump price

I hear you have questions. So do I. What does fuel subsidy removal really mean today? How much will a litre of petrol sell for? Does Dangote Refinery make any

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Gbajamiala: Scarcity of cash, petrol are plots to stop Tinubu from winning

  Gbajamiala: Scarcity of cash, petrol are plots to stop Tinubu from winning

Femi Gbajabiamila, the speaker of the house of representatives, says the scarcity of petrol and naira notes in the country

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‘People are suffering’ — students, CSOs protest over cash, petrol scarcity in Ondo

  ‘People are suffering’ — students, CSOs protest over cash, petrol scarcity in Ondo

The National Association of Nigeria Students (joint campus council) in Akure, the Ondo capital, and some civil society organisations (CSO)

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REWIND: 50 years ago, CBN introduced naira — N10 was highest denomination

  REWIND: 50 years ago, CBN introduced naira — N10 was highest denomination

On January 1, 1973, Nigeria birthed a new legal tender and its name was called naira.  Severing ties with the

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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

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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

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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.

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