Naira

Naira rebounds after month of elevated supply

The Nigerian Naira is bouncing back this month after a surge in supply in September. This rebound is a welcome…

7 months ago

‘Crude oil for Naira’: FG to supply us 12 million barrels in October – Aliko Dangote

The federal government reached an agreement to supply 12 million barrels of crude oil to Dangote Refinery in October, as…

7 months ago

FG’s $900m Bond: Naira strengthens, FX reserves up by $620m in 10 days

THE naira posted significant gains in the week ending Friday, September 13, 2024, closing at N1,546.41, a 6.3 percent increase…

8 months ago

Reliable petrol price key to steady naira, supply — SDP’s Adebayo

The candidate of the Social Democratic Party (SDP) in the 2023 presidential election, Prince Adewole Adebayo speaks on investments on…

8 months ago

Naira hits record low, depreciates by N72.58 against dollar

The Nigerian Naira has plummeted to a record low, depreciating by N72.58 against the US dollar in July 2024. According…

8 months ago

Inflation too high, naira to depreciate as firms expect borrowing rate to rise — CBN’s BES

In the July edition of the Central Bank of Nigeria ( CBN) Business Expectation Survey (BES), respondent firms opined that…

8 months ago

Naira appreciates by 0.6%, trades N1,607/$ at official market

Nigeria’s currency, Naira, appreciated at the official market on Monday, trading at N1,607.15 to the US dollar.  Data from the…

9 months ago

Naira value may hit N1,000 mark before end of 2024 — LCCI

Lagos Chamber of Commerce and Industry (LCCI) has cautioned against a further hike in the Monetary Policy Rate (MPR), noting…

10 months ago

Naira remains subdued despite CBN’s injection of $122.67m, $35.18bn in reserves accretion

Despite an increase in foreign reserves to $35.18 billion and the Central Bank of Nigeria’s (CBN) injection of $122.67 million…

10 months ago

Naira gains at parallel, official markets

The naira, on Monday, recorded gains on the parallel market, also called the black market as the new foreign exchange…

10 months ago

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