Naira Falls to N1,486 as FX Crisis Deepens
Naira Falls to N1,486 as FX Crisis Deepens Nigeria’s foreign exchange crisis has gotten so bad that even the monetary authority’s currency injections have not been able to reverse the…
Access Bank Controls 17% of Nigerian Banking Assets –Fitch
Access Bank Controls 17% of Nigerian Banking Assets –Fitch Access Bank controls 17% of Nigerian banking assets in 2023, details from latest ratings note by Fitch showed. In its latest…
Food Crisis: Naira Purchasing Power Sinks as Prices Skyrocket
Food Crisis: Naira Purchasing Power Sinks as Prices Skyrocket Market prices of everything, including pepper, oil and onions have surged due to food supply crisis in Nigeria. People can barely…
Naira Disappoints, Loses 11.7% Despite FX Market Intervention
Naira Disappoints, Loses 11.7% Despite FX Market Intervention The Nigerian naira ended today downbeat, losing about 12% day on day despite forex market intervention. Despite FX sales to local banks,…
Naira Crashes by 13.3% as FX Reserves Record Second Outflow
Naira Crashes by 13.3% as FX Reserves Record Second Outflow The naira, Nigerian local currency, crashed by about 13.3% day on day in the foreign exchange (FX) market on the…
Nigerian Exchange Spikes by N246bn as Tier-1 Banks Rally
Nigerian Exchange Spikes by N246bn as Tier-1 Banks Rally The Nigerian Exchange (NGX) equities market capitalisation surged by N246 billion midweek as Tier-1 banks rally further. Transaction details from the…
Naira Steadies at Official Window, Parallel Market Gains
Naira Steadies at Official Window, Parallel Market Gains The Nigerian naira exchange rate steadied at N1339 per US dollar in the foreign exchange market on Tuesday, according to data from…
Senate Committee Seeks Regulation on Crypto Trading
Senate Committee Seeks Regulation on Crypto Trading The Senate Committee on Capital Markets , on Monday, called for the regulation of cryptocurrency to ensure some level of accountability and protection…
Naira Sees Large Daily Gain as FX Pressure Eases
Naira Sees Large Daily Gain as FX Pressure Eases The Nigerian naira saw a large daily gain in the official window as foreign currency liquidity challenge eased. According to data…
EFCC arrests man for alleged Naira abuse in Gombe
Investigators at the Gombe Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested one Zachariyya Muhammad for allegedly abusing the Nigerian currency in Gombe State. Muhammad was…
Naira Trades Near N1483, Parallel Market Rate Worsens
Naira Trades Near N1483, Parallel Market Rate Worsens The Nigerian local currency, the naira, registered a marginal gain against the US dollar in the forex market on Friday as FX…
Troops apprehend Nigerian syndicate supplying fuel to Ambazonian rebels for terrorism activities in Taraba state
In a significant covert operation driven by actionable intelligence and extensive surveillance, troops of the Nigerian Army deployed for Counter-terrorism operations along the Nigeria-Cameroon Border in Taraba State have successfully…
Naira depreciates to N1,520/$ in parallel market
The Naira on Friday, May 24, depreciated to N1,520 per dollar from N1,515 per dollar recorded on Thursday, May 23, in the parallel market. It was however appreciated to N1,482.81…
Mallams.NG – As at Today . *$1 = ₦1456 *£1 = ₦1904 *€1 = ₦1885 ATTENTION In case you don’t know the root cause of our problems today, please take time out and read below:
As at Today . *$1 = ₦1456 *£1 = ₦1904 *€1 = ₦1885 ATTENTION In case you don’t know the root cause of our problems today, please take time out…
Naira Gains as Nigeria Records 19th FX Inflows in Days
Naira Gains as Nigeria Records 19th FX Inflows in Days The naira climbed further on Tuesday as forex market liquidity stayed ahead of US dollar demand logged by eligible FX…
Naira Abuse: EFCC arrests woman in Gombe
Investigators of the Gombe Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested a woman, Janty Emmanuel for allegedly abusing the Nigerian currency. She was arrested on…
Today – Black Market Rates Dollar to Naira rate
Black Market Rates Dollar to Naira rate BUY 1460 DOLLAR (USD) SELL 1490 Pound to Naira rate BUY 1840 POUND (GBP) SELL 1900 Euro to Naira rate BUY 1550 EURO…
Naira Lost 43% in 1-Month as Hot Money Shifts Base
Naira Lost 43% in 1-Month as Hot Money Shifts Base The naira lost about 43% of its value in the foreign exchange market as volume of US dollar in the…
Cryptocurrency Exchanges Begin to Delist Naira from P2P Trading Platforms
Cryptocurrency Exchanges Begin to Delist Naira from P2P Trading Platforms The Securities and Exchange Commission, SEC has disclosed that crypto exchanges have commenced the delisting of the Naira from Peer-to-Peer…
Nigerian Born UK Based Lady Sickler Donates 10k To 22 Nigerian Sickle Cell “Warriors” www.drs.com.ng
These are the warriors that received N10k Naira today 1. Joy A. Balogun 2. Ada Isaac 3. Adigun Opeyemi Esther 4. Oyinkansola Olayemi 5. Mercy Ebele Chukwuma 6. Efe Aiyudubie…