The Nigerian economy continues to face multifaceted challenges and opportunities. Here’s a roundup of the latest key updates today, Saturday 17 February 2024: 1. Naira Volatility:...
International Money Transfer Operators (IMTOs), will now pay Nigerian beneficiaries in Naira instead of Dollars and other foreign currencies as the case was previously. Based on...
The Economic and Financial Crimes Commission (EFCC), announced on Wednesday that it has established a Special Task Force within its Zonal Commands in order to address...
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has said the naira will stabilise as foreign investments come into the country. In an interview with...
Former Bayelsa East Senator, Ben Murray-Bruce has revealed three things Nigerians must do for the naira to appreciate in value. In a post via his official...
Revaluing a national currency and restoring its value involves a complex mix of monetary policy, fiscal adjustments, and sometimes structural reforms. Nigeria is currently battling with...
Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, on Thursday has sentenced a Nollywood actress, Oluwadarasimi Omoseyin, to six months in prison...
The vice president, Kashim Shettima, has described Nigerians laughing over the depreciation of the Naira against the dollar as clowns. Naija News reported that the exchange...
In an effort to stabilize the fluctuating exchange rate, the Central Bank of Nigeria (CBN) has issued a directive for Deposit Money Banks to offload their...
A former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has explained why the country’s currency is performing poorly in the foreign exchange...
The Central Bank of Nigeria (CBN) has explained the reason behind the fresh naira scarcity and cash crunch being experienced in some states of the country....
The Nigerian naira weakened to ₦1,165 per dollar in the parallel foreign exchange market on Thursday, a N5 decrease from its value last Tuesday. Bureau De...
Despite moves by the Central Bank of Nigeria (CBN) to formally extend the validity of the old naira notes, reports of scarcity have emerged across the...
The Central Bank of Nigeria (CBN) has vowed to go after currency hoarders and speculators benefiting from the FX round tripping under the last administration and...
The Nigerian Naira recorded a striking appreciation against the US dollar, reaching a monthly peak of N780.14/$1 at the official market on Friday. This significant rally...
The Central Bank of Nigeria (CBN) has told Nigerians to continue collecting old and new Naira notes, reiterating that all banknotes remain legal tender. The apex bank’s comment...
The naira on Tuesday crashed against the United States dollar at the parallel market where most Nigerians carry out their forex transactions. Naija News gathered that...
The Presidency has said President Bola Ahmed Tinubu will shock and disappoint Nigerians speculating and praying for the Naira to be worthless. Speaking at a lecture...
A former Bayelsa East Senator, Ben Murray-Bruce, has said there is a reason to be hopeful as a Nigerian following the economic stability and growth in...
Nigeria’s currency, the Naira, has again regained some value against the US dollar at the parallel market. Naija News understands that the dollar slipped against Naira...