Naira

Naira Rebound Leads To Nationwide Drop In Rice Prices

In weeks, the Nigerian currency, the Naira, has appeared to gain strength against the US dollar, activating a significant drop… Read More

7 days ago

Nigeria’s Naira Strains As Wheat Imports Rise: A Call For Local Production

Nigeria faces a mounting challenge as its importation of wheat skyrockets, putting pressure on its currency, the naira. With imported… Read More

1 week ago

Nigeria’s Foreign Reserves Hit Six-Year Low At $32.87bn As Naira Struggles

Nigeria's economic landscape faces fresh turmoil as the country's foreign exchange reserves hit a bleak low, recording $32.87 billion at… Read More

4 months ago

CBN’s Old, New Naira Notes To Co-exist Indefinitely – Supreme Court Rules

The Supreme Court, on Wednesday, ruled that the old Naira denominations of N200, N500 and N1,000 notes continue to co-exist… Read More

5 months ago

NLC Blames Govt Officials For Forex Crisis, Demands Urgent Stabilisation Of Naira

(NLC) has pointed out that government officials’ predilection for foreign luxury products is responsible for the free fall of the… Read More

6 months ago

Nigerians Rush For Dollar, Push UP USD Rate Amid Naira Scarcity

The Naira lost some value against the United States Dollar (USD) in official and black markets, on Thursday, 16 February… Read More

1 year ago

CPPE’s Muda Yusuf Tackles CBN’s Emefiele Over Naira In Circulation Claim

The founder of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, has revealed that contrary to the… Read More

1 year ago

CBN’s Emefiele Says Old Naira Deadline Forcing Hoarders To Deposit Funds

Over N1.9 billion has been recovered from Naira hoarders, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele,… Read More

1 year ago

If Banks Give You Old Naira Notes, Reject Them – CBN Says, Issues New Warning

The Deputy Director, of Currency Operations at the Central Bank of Nigeria (CBN), Rekiyat Yusuf, has urged Nigerians to reject old… Read More

1 year ago

2022 In Review: How CBN Helped Dollar Speculators Win Big Against Naira

In the year 2022, Naira has had to fight against negative projection, strong dollar speculators, hoarders and the flip-flop policies… Read More

1 year ago

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