Abdul Samad Rabiu, BUA Group chairman, has described the situation in the foreign exchange (FX) market as artificial and manipulative. He made this known during a meeting between President Bola
Tag "naira"
BY GIDADO SHUAIB For Nigeria, the naira stands not only as the country’s currency but also as a symbol of its identity. Besides ensuring that citizens thrive in their everyday
Lai Omotola, group managing director and chief executive officer of CFL Group of Companies, has asked President Bola Tinubu to ban cash dollar transaction in Nigeria to save the naira.
The naira, on Wednesday, reversed its depreciation trend, strengthening to N1,860 at the parallel section of the market. This represents an appreciation of N40 or 2.11 percent compared to the
Itse Sagay, a senior advocate of Nigeria (SAN), says President Bola Tinubu must “urgently” stop the floating of the naira
The Nigerian naira, on Tuesday, depreciated further to N1,900 to the dollar at the parallel section of the foreign exchange
The parallel section of the foreign exchange market recorded a new all-time low on Monday after the naira depreciated to
The Nigerian naira, on Thursday, marginally recovered to N1,498.25 per dollar at the official window — the Nigerian Autonomous Foreign
Naira, on Monday, fell to N1,534/$1, a record low at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official
BY ZUHUMNAN DAPEL In recent years, the naira-dollar market in Nigeria has so far been liberalised twice. The first, in
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