Pressure on the Naira, Nigeria might look for a dollar loan—IMF.
According to the International Monetary Fund, the naira is now under pressure, and Nigeria is free to seek a loan from the Fund to stabilize the currency if it deems…
House of Reps will investigate the use of the dollar and other currencies as legal tender.
According to a House of Representatives directive given to the Committee on Banking Regulation on Tuesday, the use of the US dollar and other foreign currencies as legal tender for…
DOLLAR EXCHANGE RATE IS NGN 980 TO USD 1
Babatunji Wusu – The Naira is now valued between N980 and N1000 to $1 in Lagos, Port Harcourt, Abuja, and Kano as a result of Nigeria’s currency rate’s continued free…
AIRLINES CLAIM THAT A FLIGHT FROM LAGOS TO ABUJA SHOULD COST N250,000.
Tunji Wusu – A flight from Lagos to Abuja, the Federal Capital Territory, should cost at least N250,000, according to airline companies in Nigeria. Obiora Okonkwo, Chairman of United Nigeria…
NAIRA GAINS N100 AND CURRENTLY TRADES FOR N840 TO $1 IN THE PARALLEL MARKET.
According to The Nation, the Naira gained N100 yesterday, closing at N840/$ on the parallel market in Lagos. It did, however, close lower at N850/$ in Abuja markets, indicating…
THE DSS HAS CHARGED EMEFIELE IN COURT.
Tunji Wusu – The DSS has charged suspended CBN Governor Godwin Emefiele with contempt of court. This comes only hours after an Abuja High Court ordered the service to either…
DESPITE COURT JUDGMENT, NO ACCESS TO NAIRA NOTES
Days after the Supreme Court’s ruling overturning the Central Bank of Nigeria’s (CBN) decree to stop accepting the old and new Naira notes as legal cash as of February 10,…
NAIRA MAINTAINS GAINS AT THE OFFICIAL MARKET DESPITE SHORTAGES
On Thursday, the naira gained more ground against the US dollar in the Investors and Exporters window, extending its three-day winning streak despite the country’s ongoing cash shortage that is…
ACCORDING TO NACCIMA, THE CBN SHOULD INSTEAD INTRODUCE NOTES OF N5,000.
The Central Bank of Nigeria should have launched a N5,000 note rather than redesigning the current notes, according to Sola Obadimu, Director-General of the Nigerian Association of Chambers of Commerce,…
VIDEO: TERRORISTS ARE SHOWN IN A VIRAL VIDEO CARRYING WADS OF NEWS NAIRA NOTE.
In a popular video, Machalla Baleri, a well-known terrorist leader, can be seen showing off stacks of fresh naira notes amid a shortage of the currency. Banking halls at several…
