The Central Bank of Nigeria (CBN) says it has not fixed any deadline for the circulation of the old N200, N500 and N1,000 banknotes. The Acting Director, Corporate Communications Department of the CBN, Hakama Sidi Ali, said this in a statement on Thursday in Abuja. Sidi-Ali was reacting to...
Naira
The Naira strengthened on Friday, closing the week at N1,600.78 to the dollar in the official market. Data from the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira appreciated by N59.71, a 3.59 per cent gain compared to Thursday’s rate of N1,660.49...
The Naira on Wednesday depreciated at the official market, trading at N1,625.13 to the dollar. Data from the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N63.37. This represents a 4.05 per cent loss when compared to the previous...
The Naira on Tuesday appreciated by N73.39 at the official market, trading at N1,561.76 to the dollar. Data from the official trading platform of the FMDQ Exchange revealed this. This represents a 4.48 per cent gain when compared to the previous trading date on Monday when it exchanged at...
The Naira on Wednesday depreciated at the official market, trading at N1,669.15 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N127.21. This represents an 8.24 per cent loss...
A member of the Labour Party, Abayomi Arabambi, on Monday in Abeokuta advised President Bola Tinubu to urgently rejig his cabinet to serve the interest of Nigerians. Arabambi, during a press conference, contended that many political appointees and public office-holders were not doing enough to make life easier for...
The Naira on Friday appreciated at the official market, trading at N1,540.78 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira gained N35.32. This represents a 2.24 per cent gain...
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN) has approved 20,000 dollars each for eligible Bureaux De Change (BDCs) at the rate of N1,580 to a dollar. The Acting Director, Trade and Exchange Department, Dr. Williams Kanaya, disclosed this in a statement on Saturday in Abuja....
The Federal Government says it will begin crude oil sales in Naira to Dangote Refinery and others in October. This is according to a statement by the Director Press and Public Relations, Federal Ministry of Finance and Economic Planning, Mr Mohammed Manga in Abuja on Monday. Manga said that...
The Federal Government has offered one FGN bond valued at 500 million dollars for subscription to interested investors. According to the Debt Management Office (DMO) in a statement on Monday, it is a five-year domestic FGN dollar bond due in 2029, at an interest rate of 9.75 per cent...
The Peoples Democratic Party (PDP) has flayed President Bola Ahmed Tinubu for his failure to address the nation despite the crippling nationwide #EndBadGovernance protest by Nigerians. This is contained in a statement issued on Saturday in Abuja by the PDP National Publicity Secretary, Hon. Debo Ologunagba. Hon. Ologunagba...
By PAUL EJIME – The decision by the Federal Executive Council (FEC) directing the Nigeria National Petroleum Company (NNPCL) to sell crude oil to local refineries in Naira, the local currency instead of the US dollar is expected to make petroleum products more available in the oil-producing country which...
The Federal Executive Council (FEC) has directed the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to Dangote Refinery and other local refineries in naira and not in United States greenback. Federal Inland Revenue Service (FIRS) boss Zack Adedeji disclosed after a FEC meeting chaired by...
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N30.10. This represents a 1.92 per cent loss when compared to the previous trading date on Thursday when it exchanged at...
The Naira on Thursday appreciated at the official market, trading at N1,566.82 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira gained N14.83. This represents a 0.937 per cent...
The Naira on Monday depreciated at the official market, trading at N1,577.29 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N13.49. This represents 0.86 per cent loss...
Nigerian politicians have perfected the art of reducing almost everything to situational comedy. They just put us through a fortnight of celebrations on the altar of democracy. That is about the only word that unites them in their diversity of costumes and intentions. It was a...
The Naira on Thursday slightly depreciated at the official market trading at N1476.24 to the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira lost N2.58. This represents a 0.17 per cent loss when compared to the previous trading date on Tuesday...
The Naira on Friday recorded loss at the official market, trading at N1,483.99 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N2.50. This represents a 0.16 per...
The Naira on Tuesday recorded loss at the official market, trading at N1,476.95 to the dollar. Data from the official trading platform of the FMDQ Exchange revealed that the Naira lost 83 kobo. This represents a 0.06 per cent loss when compared to the previous trading date on Monday...