Naira Fall Boosts Customs Revenue By 101% Amid Low Import Volumes
Despite low importation and cargo volume into the country, the Apapa command of the Nigeria Customs Service (NCS), on Monday, ...
Tag: Naira
Need For Nigeria To Introduce New Currency
Dear Mr President, I want to suggest a new idea for the country. There was a currency before the NAIRA ...
FISCAL CRISIS…Subsidy Removal, Naira Float Saved Nigeria – World Bank
The World Bank Group has stated that Nigeria would have entered a fiscal crisis worse than the current situation if ...
Naira Sinks To Record Low At N1,700 To $1 As Gap Widens
The value of the Naira hit an unprecedented low, closing at N1,700 to one US dollar in the parallel market ...
Despite Clampdown, Mint Naira Notes Sale, Spraying At Parties Persist
Despite clampdown and ban on selling and spraying of Naira notes, groups and persons are still abusing the law aimed ...
Naira Slides To N1,685/$, N1705/$ In Lagos, Abuja
The value of the naira yesterday weakened further at the parallel market despite the supply of dollars by the Central ...
Domestic FGN Dollar Bond Achieves 180% Subscription, Raises $900m
The FGN Domestic Dollar Bond, Nigeria’s first ever domestic US dollar-denominated bond, achieved 180 per cent subscription. The transaction generated ...
Naira Devaluation, Subsidy Removal Cripple Manufacturers
The recent removal of fuel subsidy and the devaluation of the Naira have severely impacted manufacturers in Nigeria, leading to ...
Naira Depreciation Sparks Surge In Fuel Smuggling To Benin, Niger
The depreciation of naira by the current administration of President Bola Tinubu to N1,560/$1 has incentivised cross-border smuggling of Premium ...
Delayed Market Guidance By CBN Triggers Naira Fall – Afrinvest
The 2024 Nigerian Banking Sector Report by Afrinvest Group has linked Central Bank of Nigeria’s delay in providing market direction ...
