Salary in Naira or Dollars, Nigerians can now decide how they like to get paid
The current economic situation requires that everyone begin to look for alternative sources of income. As people would say, the economy is not smiling. Prices […]
Naira
Forex traders, hoarders lose as Naira gains steady at parallel market
Foreign exchange speculators and hoarders are currently groaning as they suffer major loss over the steady and continue appreciation of the value of the naira […]
Nigeria lost huge forex defending naira, says Finance minister
The Federal Government took the right step by instituting forex reforms and freeing forex previously used to defend the naira, Chief Executive Officer, Ministry of […]
Old naira notes remain legal tender indefinitely – CBN
The Central Bank of Nigeria has extended the validity of the old N200, N500 and N1,000 notes indefinitely . The apex bank’s Director, Corporate Communications, […]
Naira to close strong on $34.8b year-end diaspora remittances target
Despite the turbulent time facing the naira, market feedback shows that the local currency will harness major positives in the economy to close strong by […]
Reps query NCC over multi-billion naira USPF projects
Frown at N700b request for telecom coverage The House of Representatives has queried the Nigerian Communication Commission (NCC) over the 1, 014 projects under the […]
Naira declines by 0.17% at official market
The naira depreciated by 0.17 per cent yesterday at the official Investors and Exporters (I & E) Window as the Central Bank of Nigeria (CBN) […]
KPMG predicts continuous Naira fall amid decline in foreign capital inflows
The naira faces risk of further depreciation in 2023 due to the recent decline in foreign capital importation into Nigeria, KPMG Nigeria has stated. In […]
Naira Redesign Fallout: Banks in search of cash deposits
One of the fallouts of the cash crunch induced by a combination of factors such as naira redesign and cash swap is that deposit money […]
Naira scarcity: Ekiti to sanction fuel stations rejecting PoS transactions
The Special Adviser to the State Governor on Industry, Trade and Investment, Mrs Omotayo Adeola, gave the warning at a meeting with the State Petroleum […]