…Stresses Nigeria stands to gain from exercise …Experts maintain mixed reactions …CBN’s move good for mopping up excess liquidity from circulation —ANAN By Seun Ibiyemi and Matthew Denis Abuja More controversies on Sunday trailed the redesign of Naira by…
The Central Bank of Nigeria (CBN) said it followed due process in its decision to redesign some denominations of the naira, adding that the exercise was 12 years overdue. The apex bank made this known via its verified twitter account…
The Central Bank of Nigeria (CBN) announced its plans to introduce new designs of the N200, N500 and N1,000 notes by December 15 amidst ‘economic woes’. This is one of the few policies considered good politically and economically for Nigeria.…
The exchange rate between the Naira and the US dollar at the black market fell significantly by 1.75 per cent to trade at N755/$1 on Friday, 21st October 2022, when compared to N742/$1 recorded in the previous trading session. This…
The exchange rate between the Naira and the US dollar at the black market increased by 0.13 per cent to trade at N742/$1 on Thursday from N743/$1 recorded in the previous trading session. The Naira at the cryptocurrency peer-to-peer FX market…
By Olaleye Aanuoluwapo It has been said by the Bank Of America that The official rate has depreciated by less than 10 per cent since December 2021 even as the parallel rate is down by nearly a third within the…
The exchange rate between the Naira and the US dollar at the black market fell to N743/$1 on Wednesday, reflecting a slight decrease of 0.13 per cent from N742/$1 recorded in the previous trading session. The Naira at the cryptocurrency…
The exchange rate between the naira and the US dollar at the blackmarket closed flat at N742/$1 on Tuesday, depreciated by 1.5 per cent in the previous trading session. The naira at the cryptocurrency peer-to-peer FXmarket depreciated by 0.81 per…
The Naira on Tuesday exchanged at N441.17 to the dollar at the Investors and Exporters window, a depreciation of 0.46 per cent, compared with N439.17 to the dollar at the close of business on Oct. 7. The open indicative rate…
The exchange rate between the Naira and the US dollar depreciated slightly to N731/$1 at the black market, on Monday, 10th October 2022, representing a 0.14 per cent drop from N730/$1 recorded last week Friday. This is according to information…
