Naira

Naira crashes again, depreciates to N1,615/$ in parallel market

Similarly, in the Nigerian Foreign Exchange Market (NFEM), the naira depreciated to N1,602 per dollar.

3 days ago

Buhari’s administration borrowed $400bn to stabilise naira — Senator Adeola

Senator Olamilekan Adeola, on Saturday, disclosed that the immediate past administration in the country, borrowed a sum of $400bn to…

6 days ago

Easter boost: Naira, crude oil prices record gains, spark economic hope

As Nigerians gear up for the Easter holidays, the nation’s economy has received a boost from two critical fronts—the strengthening…

2 weeks ago

Court jails businessman for rejecting Naira as legal tender

Justice Akintayo Aluko of the Federal High Court sitting in Ikoyi, Lagos, has sentenced Aniogor Godswill Obialuju and his company,…

2 weeks ago

Naira gains, trades N1,618/$ at parallel market

In a significant development, the naira on Tuesday appreciated to N1,618 per dollar at the parallel market from N1,620 per…

2 weeks ago

JP-Morgan lauds Nigeria’s market-friendly reforms, predicts Naira at N1,450 by year end

GLOBAL investment bank JP-Morgan has lauded Nigeria’s commitment to market-friendly economic reforms, expressing renewed confidence in the country’s macroeconomic trajectory…

3 weeks ago

VIDEO: N2,500 can buy meal even in Lekki — Tinubu’s aide defends naira value

Fasua defended the purchasing power of the naira within Nigeria, arguing that despite the local currency’s depreciation against the dollar,…

3 weeks ago

Naira under pressure amid global tariff

Nigeria’s naira continued its downward slide on Monday, weakening to N1,629 per dollar at the official exchange market, compared to…

4 weeks ago

Naira depreciates at official market, holds steady on parallel window

The Nigerian naira faced mixed fortunes on Wednesday, April 3, 2025, depreciating at the official market while remaining stable on…

4 weeks ago

Naira gains at official market, weakens at parallel market

The Nigerian naira strengthened at the official Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday, closing at N1,531.19 per dollar,…

1 month ago

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