Naira depreciates to ₦1,700/$ at parallel market
Agency Report Lagos – The Nigerian naira depreciated to ₦1,700 per U.S. dollar at the parallel section of the foreign exchange (FX) market on Friday. At the end of trading…
Naira depreciates to ₦1,645/$ in parallel market
Martins Owoseni The Nigerian Naira depreciated to ₦1,645 per dollar from ₦1,640 per dollar on Tuesday and appreciated to ₦1,539.65 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM).…
Nigeria’s central bank auctions $876 million to 26 banks
Martins Owoseni Abuja – The Central Bank of Nigeria (CBN) has successfully auctioned $876.26 million to 26 deposit money banks (DMBs) in the latest Retail Dutch Auction System (RDAS) held…
MTN Nigeria loses ₦519 billion in six months due to inflation, weak naira: report
Ayomidele Oluwasusi MTN Nigeria Communications Plc reported a loss after tax of $519.1 billion for the first half of 2024, due to record-high inflation and a weaker naira. This was…
NIGERIA: Naira down to ₦1,585/$ in parallel market
…down to N1,621.12 per dollar in the Nigerian Autonomous Foreign Exchange Market Olayomi Koiki The Nigerian Naira, on Tuesday, depreciated to N1, 585 per dollar in the parallel market from…
Naira falls to ₦1,610/$ in parallel market, ₦1,609.29/$ in Nigerian Autonomous Foreign Exchange Market
Olayomi Koiki The Nigerian Naira on Friday, 26 July, fell to N1,610 per dollar in the parallel market, down from N1,580 per dollar the previous day. In the Nigerian Autonomous…
Nigerian court dismisses suit challenging arabic inscriptions on naira notes, urges the government and Central Bank to remove the arabic inscription on the ₦200, ₦500 and ₦1000 naira notes since it has been removed from the ₦5, ₦10, ₦50 and ₦100
Bella Ifasola Lagos – A Nigerian Federal High Court sitting in Ikoyi, Lagos, on Tuesday, dismissed a case brought by Chief Malcolm Emokiniovo Omirhobo challenging the inclusion of Arabic inscriptions…
Nigerian Naira down to ₦1,555/$ in parallel market, ₦1,577.29 in Nigerian Autonomous Foreign Exchange Market. Hardship continues
Morakinyo Akinosun The Nigerian Naira on Monday – depreciated to N1,555 per dollar in the parallel market from N1,545 per dollar it recorded last week Friday. Similarly, the Naira depreciated…