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Naira continues depreciation streak against dollar despite CBN policy

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The Naira has continued its depreciation streak against the dollar in the foreign exchange market despite the Central Bank of Nigeria’s policy interventions. FMDQ data...

Naira depreciates by 40% against Dollar in First half of 2024

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The Naira depreciated by over 40 percent in the half quarter of 2024 at the foreign exchange market. The FMDQ data showed that the Naira...

Naira records first appreciation against dollar in nine days

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The Naira appreciated against the dollar at the foreign exchange market on Friday to end the week on a positive note after nine days...

Naira records first N61 appreciation against Dollar after weeks of decline

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After weeks of depreciation, the Naira recorded its first N61.38 appreciation against the Dollar at the official foreign exchange market. FMDQ data showed that it...

Naira slumps, exchanges at over N1,500 against dollar

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The naira continued its depreciation against the US dollar in the foreign exchange market. Data from the parallel market section and FMDQ showed further depreciation...

Naira vs Dollar: Nigerian govt eyes stricter sanctions on Cryto businesses

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The Nigerian government plans to impose stricter rules on cryptocurrency platforms to defeat the Naira against the dollar in the foreign exchange market. The development...

Naira depreciated by N112 against dollar at forex market in April

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The Naira lost N112.38 against the US dollar at the foreign exchange market in April 2024. FMDQ data showed that the Naira traded at N1,390.96...

Naira slumps seventh times against Dollar in days at Foreign Market

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The Naira has slumped seven times in recent days against the US dollar at the foreign exchange. FMDQ data showed that the Naira recorded a...

Scrap Dollar Use In Nigeria To Rescue Economy — Nwoko Urges...

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Senator Ned Nwoko has urged the administration of President Bola Tinubu to immediately abolish the use of the American dollar and all other foreign...

EFCC Raids BDCs In Kano, Abuja, Oyo As Dollar Hits N1,900

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Operatives of the Economic and Financial Crime Commission (EFCC) arrested some currency exchange operators in the famous Kano currency exchange market, WAPA, in the...

Banks, IMTOs Halt Dollar Payouts To Customers Over CBN Directive –...

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International Money Transfer Operators and banks in the country have halted the payment of dollars to their customers. Some banks on Friday informed their customers...

“There is hunger and dollar is high” – Portable slams Nigerians...

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Nigerian Street singer portable questions the appropriateness of celebrating super eagle’s win amidst the prevailing challenges that the country is facing He argues that the...

Dollar now underground currency of Nigeria’s economy — Peter Obi

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The presidential candidate of the Labour Party, LP, in the 2023 general elections, Peter Obi, has lamented the ‘dollarisation’ of the Nigerian economy. Speaking during...

Chinese yuan weakens to ¥6.8679 against dollar

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The central parity rate of the Chinese currency renminbi, or the yuan, weakened 73 pips to ¥6.8679 against the dollar on Monday. The China Foreign...

History made as Naira crashes to 800 per dollar

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The Naira is currently trading at 800 against the dollar according to some exchange platforms. Checks made by Peoples Gazette on Saturday revealed that the...

Buhari never promised to make one naira equivalent to one dollar...

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The Presidency has said President Muhammadu Buhari never promised to make one naira equivalent to one dollar. Femi Adesina, a presidential spokesman, described the claim...

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