Changpeng Zhao, The ‘Normal Guy’ Who Conquered Crypto
During his time at the helm of the world’s biggest cryptocurrency firm, former Binance boss Changpeng Zhao, who was sentenced to four months in prison in the United States on…
Nigerian Breweries Shareholders Approve N600bn Capital Raise After N106bn Loss
Nigerian Breweries Shareholders Approve N600bn Capital Raise After N106bn Loss Shareholders of Nigerian Breweries Plc on Friday unanimously approved a N600 billion capital raise by way of the rights issue,…
Minimising Volatility In Forex Market Critical To Ending Naira Fall – Muda Yusuf
An economist, Muda Yusuf, has called for minimising volatility in the foreign exchange market, saying that it fuels speculation and creates an unpredictable environment. Yusuf was reacting to the fluctuation…
Naira Slides To N1,450 Per Dollar In Parallel Market
The Nigerian naira took a steep dive on Thursday afternoon, hitting N1,450 per dollar in the parallel market, marking an 8.28% decline or a N120 difference from the earlier rate…
Naira Crashes against US Dollar, FX Gap Moderates
Naira Crashes against US Dollar, FX Gap Moderates The Nigerian naira gave up struggling momentarily against the dominant US dollar in the official market in the midweek trading session in…
EFCC Freezes Over 300 Crypto Accounts After Binance Ban
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that the agency has frozen about 300 accounts to ensure the safety of the foreign exchange…
‘Expect Increases Here And There’ – CBN Governor Speaks On Dollar To Naira Exchange Rate
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has told Nigerians to expect the Naira to continue strengthening against the United States Dollar and other foreign currencies.…
Naira Runs Out of Steam as FX Supply Plummets
Naira Runs Out of Steam as FX Supply Plummets The Nigerian naira tumbled amidst a struggle to find a market clearing rate across the forex market. Reversing the previous trend,…
When Naira went haywire and some people were celebrating, inwardly we were laughing at them – Shettima assures Nigerians
Vice-President Kashim Shettima has assured Nigerians that the Naira will continue to appreciate against the Dollar in the foreign exchange market. Speaking when a delegation of the Lagos Chamber of…
Functional Airplane Maintenance Centres In Nigeria Will Push Demand For Naira In Africa – Keyamo
Minister of Aviation and Aerospace Development, Festus Keyamo (SAN), says the Federal Government will come hard on people who obtain licenses to operate private flights but clandestinely commenced commercial flights.…
CBN Policies Making Nigerians Dump US Dollar — BDC Chief, Gwadabe
A potpourri of effusive accolades and slight skepticism have been poured on the Central Bank of Nigeria (CBN) in the past few days over the sudden appreciation of the Nigerian…
Naira Lost 7.6% after CBN Gives Notice on FX Inflows
Naira Lost 7.6% after CBN Gives Notice on FX Inflows The naira recorded large daily depreciation at the Nigeria autonomous foreign exchange window amidst expectation that the apex bank would…
Naira depreciates to N1,140/$ in parallel market
The Naira on Friday, April 19, depreciated to N1,140 per dollar in the parallel market, from N1,060 per dollar recorded on Thursday, April 18. The Naira also depreciated in the…
Naira Heads for Best Run, Official Rate Gains 6.6%
Naira Heads for Best Run, Official Rate Gains 6.6% The Nigerian naira roared against the dominant US dollar in the forex market to settle at N1, 072. The local currency…
Naira Skids as FX Turnover, External Reserve Decline
Naira Skids as FX Turnover, External Reserve Decline The Nigerian local currency, the Naira, depreciated first time in weeks following a sharp declined forex turnover at the Nigerian autonomous foreign…
Nigerian Exchange Bleeds, Investors Lose N1.113Trn
Nigerian Exchange Bleeds, Investors Lose N1.113Trn The Nigerian Exchange (NGX) all share index (ASI) sank below 100,000 points psychological levels as selling spree ravaged the local bourse. Equities market capitalisation…
What Tinubu Did That Made The Naira Appreciate – House Of Rep Candidate, Nwosu
A House of Representatives candidate in the 2023 general election, Obinna Nwosu, has shared his thoughts on the reason the naira has steadily been appreciating over the past few weeks.…
Naira Records Gain, BDCs Sell US Dollar at N1,050
Naira Records Gain, BDCs Sell US Dollar at N1,050 The naira recorded another gain against the US dollar in the forex market on Monday. However, the exchange rate recovery appeared…
Nigerian Currency Sustains Upward Trend, Nears N1,050/$1 At Parallel Market
The naira has continued its resurgence against the United States dollar, appreciating N1,136/$ at the official market and N1,050/$ at the parallel market at the close of trading activities on…
Naira Appreciation Faster Than Expected, Say BDC Operators
The Association of the Bureau De Change Operators of Nigeria (ABCON) says the Nigerian currency Naira has appreciated faster than expected against the United States’ Dollar. The President of the…