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Naira

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Salary in Naira or Dollars, Nigerians can now decide how they like to get paid

November 18, 2023 admin 0

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 […]

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Forex traders, hoarders lose as Naira gains steady at parallel market

November 17, 2023 admin 0

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 […]

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Nigeria lost huge forex defending naira, says Finance minister

November 15, 2023 admin 0

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

Old naira notes remain legal tender indefinitely – CBN

November 14, 2023 admin 0

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, […]

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Naira to close strong on $34.8b year-end diaspora remittances target

November 13, 2023 admin 0

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 […]

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Reps query NCC over multi-billion naira USPF projects

May 9, 2023 admin 0

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 […]

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Naira declines by 0.17% at official market

April 13, 2023 admin 0

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) […]

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KPMG predicts continuous Naira fall amid decline in foreign capital inflows

April 7, 2023 admin 0

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 […]

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Naira Redesign Fallout: Banks in search of cash deposits

April 1, 2023 admin 0

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

Naira scarcity: Ekiti to sanction fuel stations rejecting PoS transactions

March 29, 2023 admin 0

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 […]

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