Petrol subsidy, multiple exchange rates were producing billionaires overnight – Shettima
Vice-President Kashim Shettima has said that President Bola Tinubu abolished petrol subsidies and various exchange rates in the official market ...
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Tag: Naira and Dollar
CBN denies selling FX to BDCs at N1,001/$1
The Central Bank of Nigeria (CBN) has denied selling foreign exchange (FX) to Bureau de Change (BDC) operators at the ...
FG’s multi-pronged, multi-agency approach to stabilising the Naira
In a country that has its legal tender, it is surprising how the dollar and its exchange rate determine almost ...
Naira freefall: Will Binance’s U-turn save the day?
The Naira's continuous freefall despite concerted efforts by the Central Bank of Nigeria (CBN) has left many stakeholders scratching their ...
Abuja BDC operators shut down operations
Bureau De Change operators have announced shut down of operations in Abuja as a result of unavailability of dollars, Daily ...
Bloomberg predicts further Naira decline in 2024
In a recent report, US-based media organization Bloomberg has predicted a continued decline for the Nigerian naira in 2024, marking ...
Naira depreciates to N1,165/$ at parallel market
The naira fell to N1,165 per dollar on Thursday in the parallel section of the foreign exchange (FX) market. The ...
No plan to redenominate Naira – CBN
The Central Bank of Nigeria (CBN) has stated that it has no plans to rename Nigeria's legal tender, the Naira. ...
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