Saturday, May 8, 2021
Home Tags Naira

Tag: Naira

Senate benchmarks oil at $40 per barrel, dollar at N379

The Senate, shortly before it adjourned plenary on Thursday, passed the 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The passage of...

CBN devalues naira, dollar change at N392

The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar. The naira devaluation has brought the local currency closer...

Naira continues to weaken

Nigeria is grappling with additional challenges, including a faster rate of inflation, as the gap between official and parallel segment of the foreign exchange...

CBN rejects bid to remove Arabic from naira note

The Central Bank of Nigeria (CBN) has opposed a suit seeking to remove the Ajami (Arabic) inscriptions on naira notes. It told the Federal High...

CBN cuts benchmark lending rate to 12.5%

* Central bank cuts rate by 100 basis points * Largest cut since 2015 * Governor says Nigeria may avoid recession Central Bank of Nigeria (CBN) unexpectedly...

VAT: We’re implementing new VAT, not raising prices – MultiChoice

Pay television company, Multichoice Nigeria, has dismissed reports that it is set to increase subscription rates for its DStv and GOtv packages from 1...

Naira exchanges at N450 to dollar

The naira on Thursday exchanged at N450 to  dollar at the parallel market as build up on dollar demand continued to rise. The naira is...

ICPC to freeze former governor of Zamfara state, Abdul’aziz Yari’s accounts

A federal high court in Abuja has granted a request by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to freeze ...

Naira closes at N359.3 to dollar

The naira on Thursday was sold at N359.3 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N450 and N396, respectively.

CBN injects $210m into forex market

The CBN has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30.

MOST POPULAR

HOT NEWS