THE Naira on Friday exchanged at 456.50 to the dollar at the Investors and Exporters window. The figure represented a decrease of 0.05 per cent, compared with N456.25 it exchanged on Thursday. The open indicative rate closed at N451.38 to…
…as local currency weakens by 53%, external debt rises by 288% •Nigeria needs strong, productive economy, say economists The value of naira to dollar fell from N196.92 in June 2015 to N414.72 in June 2022, worsening Nigeria’s foreign debt burden.…
MIXED reactions have continued to trail the unveiling of the redesigned naira notes. While some expressed anger that the Federal Government had abandoned its responsibilities and issues that demand immediate solutions, such as insecurity, fuel scarcity, increasing unemployment, and food…
THE naira on Monday appreciated against the dollar at the Investors and Exporters window, exchanging at N445.38. The figure represents an appreciation of 0.07 per cent compared with the N445.67 for which the dollar exchanged at the close of business…
THE naira on Friday appreciated against the dollar at the Investors and Exporters window, exchanging at 445.67. The figure represents an increase of 0.02 per cent compared with N445.75 to the dollar on Thursday. The open indicative rate closed at…
PRESIDENT Muhammadu Buhari has said his administration will not go back on the plan of the Central Bank of Nigeria (CBN) to redesign the nation’s highest currency notes of N1,000, N500, and N200. Buhari said this on Wednesday evening in…
THE naira has rebounded by 20.8 per cent to 720/dollar at the parallel market, findings by The PUNCH have shown. The development came two weeks after the local currency came under severe pressure at the black market, following the announcement by…
THE Association of Bureaux Des Change Operators of Nigeria (ABCON) says Naira has continued to firm against the Dollar at the parallel market as date for CBN new currency introduction draws closer. Alhaji Aminu Gwadabe, President, (ABCON), said this in…
THE naira appreciated slightly against the dollar at the Investors and Exporters window on Friday as it exchanged at N436.33k. The rate represented a 0.04 per cent appreciation compared to the N436.50k for which the dollar was exchanged on Thursday.…
