Tag: Naira

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Naira depreciates, sells at N419.50 to dollar

The Naira exchanged at N419.50 to the dollar at the Investors and Exporters window on Thursday. This represents a 0.28 per cent depreciation, compared to...

‘CBN should close all dorm accounts for 12 months’ – Nigerians react angrily to House of Reps member solution to saving naira

Nigerians are reacting angrily after a House of Representatives member, Ibrahim Babajide Obanikoro advised the Central Bank of Nigeria (CBN) to shut down domiciliary...

Naira sustains fall at parallel market, trades N568 to dollar, N660 to pounds

The Naira on Thursday dipped further at the parallel market in Lagos against the dollar. It lost N6 from N562 traded on Wednesday to exchange...

DSS arrests 8 persons for allegedly printing fake $1.4m, N98m notes

A syndicate of seven men and one woman have been arrested by the Department of State Service (DSS) for allegedly printing fake N98 million...

Naira falls to N517 against the Dollar

The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent days. The local currency fell...

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