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 ...
Tag: Naira
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/$1 has incentivised cross-border smuggling of Premium ...
Delayed Market Guidance By CBN Triggers Naira Fall – Afrinvest
The 2024 Nigerian Banking Sector Report by Afrinvest Group has linked Central Bank of Nigeria’s delay in providing market direction ...
Despite Supply Surge, Naira Closes Week At N1,483/$
The naira, on Friday, weakened further at the official foreign exchange (FX) market, despite a surge in dollar sales by ...
EFCC Arrests 3 For Spraying Naira Notes At Burial Ceremony In Delta
Operatives of the Benin Zonal Command of the Economic and Financial Crimes Commission (EFCC) have arrested three persons for suspected ...
Naira Omitted From IMF Exchange Rates List For June
While Nigeria implements measures to stabilise its exchange rate and economy, the local currency Naira has been omitted from the ...
Again, CBN Raises Import Duty FX As Naira Depreciates
As naira continued its downward trends in the Nigerian Autonomous Foreign Exchange Market (NAFEM) against major currencies especially the United ...
$1.3bn Futures: Fresh Pressure Mounts On Naira
Demand on the naira is set to increase with forward futures amounting to circa $1.3 billion will be due by ...
Naira Sells At 1,430/$ On Parallel Market On Rising Demand
The foreign exchange (FX) market opened on Monday, with the naira exchanging with the dollar at 1,430 on the parallel ...
Naira Rebounds, Gains N28.15 Against Dollar
The Naira on Tuesday closed the month of April on a good footing as it gained N28.15 at the official ...
