Tag:Naira

How dollar spending limit is affecting businesses in Nigeria

Over the past month, Nigeria’s commercial banks declared reduced limits on international transactions using naira debit cards to $20 per month. It means Nigerians would...

Naira vs Dollar: EFCC raids Bureaux de Change operators

Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday raided Wuse Zone 4, home to most bureaux de change in Abuja. The raid,...

Naira dips further from N422.71 to N430 per dollar

The Naira has continued to decline after it recorded another big fall in the official market on Tuesday, losing 0.9 per cent to the...

Naira gains marginally, exchanges at 420 to dollar

The Naira on Wednesday appreciated at the Investors and Exporters window, exchanging at 420 to the dollar, a 0.18 per cent appreciation against N420.75...

Why I’ll jail any govt official spending foreign currency in Nigeria —Peter Obi

A former Anambra State governor and presidential aspirant on the platform of People’s Democratic Party (PDP) has vowed to jail any serving government official...

Increased productivity will improve value of Naira — Experts

Only increased productivity and a change in consumption patterns of Nigerians will shore up the value of the naira. This was among the consensus reached...

Naira notes will be out of circulation soon- CBN

The Central Bank of Nigeria has said that paper currency will soon be out of circulation, urging market men and women to sign into...

Naira records another fall against dollar

The exchange rate at the Investors and Exporters window closed at N416.67/$1 on Thursday, representing a 0.04% depreciation compared to N416. 50/$1 recorded on...

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Nigeria’s Amanda Amaeshi named UK Changemaker 2024

Miss Amanda Amaeshi, an award-winning activist and campaigner, has been named My Life My Say’s ‘Changemaker of the Year’...
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Tinubu presents 2025 budget, says inflation will drop from 34.6% to 15% next year

President Bola Tinubu on Wednesday, presented a total budget of N49.7tn to the joint session of the National Assembly. The...

Nyesom Wike: Changing the narrative in FCT

By Rachel Usman The Federal Capital Territory (FCT) is home to many exemplary individuals who embody the nation’s potential for...

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Nigeria’s Amanda Amaeshi named UK Changemaker 2024

Miss Amanda Amaeshi, an award-winning activist and campaigner, has...

Tinubu presents 2025 budget, says inflation will drop from 34.6% to 15% next year

President Bola Tinubu on Wednesday, presented a total budget...