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Tag "naira"

Stop borrowing dollars, borrow sense: Naira on its way to a thousand to a dollar

    Stop borrowing dollars, borrow sense: Naira on its way to a thousand to a dollar

BY OLUGBENGA JAIYESIMI Suddenly the naira shot through to five hundred and twenty five to the dollar at the unencumbered parallel market after the announcement that CBN would no longer

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CBN: We’re working with EFCC, police to arrest people who spray naira notes at parties

    CBN: We’re working with EFCC, police to arrest people who spray naira notes at parties

The Central Bank of Nigeria (CBN) has warned against spraying naira notes at social functions, describing it as an “unpatriotic practice”. The apex bank, in a statement on Tuesday, said

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FIRS introduces platform for filing naira-denominated tax returns

    FIRS introduces platform for filing naira-denominated tax returns

The Federal Inland Revenue Service (FIRS) has introduced a new channel for filing naira-denominated tax returns which will take effect from June 7. In a statement, Muhammad Nami, executive chairman

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IT’S OFFICIAL: Naira to now trade at N410/$1 as CBN adopts NAFEX rate

    IT’S OFFICIAL: Naira to now trade at N410/$1 as CBN adopts NAFEX rate

The Central Bank of Nigeria (CBN) has officially adopted the Nigerian autonomous foreign exchange (NAFEX) rate — weakening the naira by 8 percent to N410.25/$1. The apex bank has also

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Emefiele to Obaseki: Stop the mischief — it’s loans you’re calling printing money

  Emefiele to Obaseki: Stop the mischief — it’s loans you’re calling printing money

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the claim by Godwin Obaseki, Edo state governor, that

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Newspaper Headlines: Naira depreciation swells external debts, and doctors’ strike enters 5th day

  Newspaper Headlines: Naira depreciation swells external debts, and doctors’ strike enters 5th day

The reactions to the Easter homilies of Tunde Bakare, overseer of the Citadel Global Community Church, and Matthew Kukah, bishop

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Will the naira ever return to its former glory?

  Will the naira ever return to its former glory?

There was a time when the Naira was worth almost twice as much as the Dollar and equivalent to the

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Sylva: Marginal oilfield bid winners can pay signature bonuses in naira

  Sylva: Marginal oilfield bid winners can pay signature bonuses in naira

Timipre Sylva, minister of state for petroleum resources, says companies that won marginal oilfield licenses have been given the option

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Is it too late to ‘dollarise’ pension funds in Nigeria?

  Is it too late to ‘dollarise’ pension funds in Nigeria?

My both parents are pensioners and I am fortunate to still have them around. Thanks to the pandemic, I spent

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Nigeria’s gradual road to economic recovery

  Nigeria’s gradual road to economic recovery

Africa’s largest economy has displayed resilience over the past few months. From defending against the COVID-19 menace to battling untamed

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