Naira depreciates further against dollar despite increased turnover …C0NTINUE READING HERE >>> Nigeria’s local currency, the Naira, recorded a slight depreciation on Friday, trading at ₦1,652.25 against the American U.S. dollar at the official market. This marks a loss of ₦2.05 or 0.12% compared to Thursday’s exchange rate of ₦1,650.20 per dollar, according to data … Read more
CBN sends strong warning to commercial banks over Naira hawking …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) says it will heavily penalise Deposit Money Banks (DMBs) found supporting the hawking of Naira notes. Mr Solaja Olayemi, Acting Director, Currency Operations Department, CBN, said this in a memo to DMBs on Friday in … Read more
“$1 would’ve been N10,000 if God had not intervened” …C0NTINUE READING HERE >>> Pastor E.A. Adeboye, General Overseer of the Redeemed Christian Church of God (RCCG), reveals that only God’s intervention prevented the Naira from plummeting further against the US dollar. Speaking at the Special Holy Ghost Congress in Abuja, Adeboye warned that, without divine … Read more
Official Market: Naira depreciates against Dollar …C0NTINUE READING HERE >>> The Naira depreciated at the official market on Monday, trading at N1,676.90 to the Dollar. Data from the official trading platform of the FMDQ Exchange, a platform overseeing the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that Naira lost N10.18. This represents a 0.61 per … Read more
Naira appreciates against Dollar at official market …C0NTINUE READING HERE >>> The Naira on Friday appreciated at the official market, trading at N1,666.72 to the Dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that Naira gained N8.77. This represents a … Read more
Naira depreciates against dollar at N1,631 …C0NTINUE READING HERE >>> The Naira on Wednesday slightly depreciated at the official market, trading at N1,631.17 to the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira declined against the dollar by 72 kobo. This represents 0.04 per cent loss … Read more
Naira appreciates by 2.4% against dollar at official market …C0NTINUE READING HERE >>> On Tuesday, the Naira experienced an appreciation in the official market, trading at N1,630.45 to the dollar. This positive movement in the currency exchange rate reflects a potential stabilization in the foreign exchange market, which has been characterized by volatility in recent … Read more
Naira depreciates by 4.41% against dollar …C0NTINUE READING HERE >>> The Naira on Monday depreciated at the official market, trading at N1670.65 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N70.65. This represents a … Read more
Naira appreciates by 0.07% against dollar …C0NTINUE READING HERE >>> The Naira closed the week stronger on Friday at the official market, trading at N1,600 to the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N1.20. This represents a 0.07 per cent gain when compared … Read more
Critics mumble as Veekee James sprays dollar, husband rolls out naira at party …C0NTINUE READING HERE >>> Celebrity fashion designer, Veekee James Atere and her husband, Femi Atere, have come under scrutiny over differences in currency sprayed at a wedding ceremony. The couple attended the white wedding of Veekee’s colleague, Prudent Gabriel, and gospel singer … Read more