The Nigerian naira sank to a fresh record low on Friday, as the Central Bank of Nigeria (CBN) attempts boosting liquidity through sales of dollars. The...
President Muhammadu Buhari has cried out, saying that leading the people of Nigeria was a huge task. In a manner that suggested that the weight of...
Pent-up demand for dollars may push Nigeria’s naira at least 20 percent weaker when the central bank allows the currency of Africa’s biggest economy to float...
The naira is expected to drop further against the United States dollar at the parallel market in the coming days as the Central Bank of Nigeria...
The naira weakened further against pound sterling as it exchanged at N507 to the pound from N500 it traded on Friday, while the dollar traded at...
The sharp depreciation of the naira in the parallel market triggered by the deregulation of petrol importation continued yesterday, with the naira depreciating to N370 per...
The naira weakened slightly against the dollar at the parallel market on Friday as it exchanged at N321 to the dollar. The News Agency of Nigeria...
President Muhammadu Buhari has restated his aversion to devaluation, recalling that the naira was strong until he was removed as head of state in 1985. Speaking...
“My brother, e ku exchange rate oh.” “Excuse me?” “I am greeting you. I am saying how are you and the exchange rate palaver. The dollar...
The naira firmed again yesterday to trade at N340 against the US dollar at the parallel market from N370 on Monday, but traders differ on reasons...
Ifeanyi Ubah, managing director and CEO of capital oil, has claimed victory for the gains experienced by the naira over the past two days. Speaking on...
Ifeanyi Ubah, chairman of Capital Oil and Gas, says he has the business wherewithal to restore the naira to 200 against the dollar in one month...