Naira’s true value

Naira’s true worth,Naira gains on the dollar for the first time since March, Naira forwards hit record high as it crashes to N420/dollar in the parallel market, Naira hits N500 to $1 at the forward market, Naira hits N509 to the dollar at forwards market, demand for the U.S dollar climbs up, Naira hits $387.35 to $1 at currency spot market , Naira sells at N456, Nigeria’s Foreign Reserves drop by over $3 billion in Q1 2020, Investors and Exporters (I&E) window, Naira gains against the dollar, CBN close in on currency speculators

CBN has adjusted the value of the Naira by as much as 15% as it seeks a single exchange rate instead ...

No let-off as Naira depreciates further in FX market

by Chike Olisah

March 31, 2020

There appears to be no let-off for Nigerian local currency, Naira as the mounting pressure on it continues unabated.

Exchange rate depreciates at NAFEX window as forex liquidity drops further by 57%, Central Bank Continues intervention in Forex market to stabilize Naira, Naira to depreciate slightly over $1.52 billion maturing contracts expires, Naira hits N388.84 to $1 at the currency spot market, Investors and Exporters (I&E) window, Naira weakens against the dollar by 1.14% amidst uncertainty, Naira gains against the dollar at I&E window, forex liquidity up by 242%

Naira depreciates to N410 per dollar as local currency weakens

by Chike Olisah

March 27, 2020

Naira depreciates to N410 per dollar as local currency weakens

Coronavirus: Prices of face masks, hand sanitizers rise by 300%, Corona Pandemic for Nigerian Tech Startups

Curbing COVID-19 through naira

by Olumide Adesina

March 25, 2020

Cash is notoriously covered in germs; studies suggest that paper bills can contain bacteria and viruses, and lead to the ...

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Naira and the exchange rates

by Kalu Aja

February 25, 2020

In exchange rate, when Nigeria sells oil, she is paid in dollars, but when Nigeria imports, she spends those dollars ...

Currency outside banks drop to N788.9billion in January 2023

CBN Governor, Godwin Emefiele, reacts to devaluation of naira call

by Fakoyejo Olalekan

January 28, 2020

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has reacted to analysts’ projections concerning the devaluation of naira.

Analysts explain when, why CBN could devalue naira by 5-10%

by Nairametrics

January 20, 2020

The report explains why a 5-10% devaluation of the naira is plausible amidst the CBN's recent monetary policies.

Retirement savings, Millennial shares financial management strategies you should adopt, How to save millions this year

How to save millions in 2020

by Segun Olarinmoye

January 19, 2020

I won’t rest till I save at least N2 million naira this year. Everyone I know personally has big expectations ...

Truecaller records 130% growth so far this year, Truecaller responds to breaching Nigerian’s privacy rights , Nigeria ranked among top 20 countries affected by spams calls, SMS - Truecaller

Nigeria ranked among top 20 countries affected by spam calls, SMS – Truecaller

by Chidinma Nwagbara

December 3, 2019

The volume of unsolicited calls and messages, otherwise called spam has increased globally. This is according to Truecaller’s annual report.

Your mutilated naira notes may become useless after September 2nd

by Emmanuel Abara Benson

August 30, 2019

Your mutilated naira notes may become useless after September 2nd

Tag: Naira