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Economy

Business

To Strengthen Naira, Experts Demand Increase In Crude Production

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To increase the value of naira, financial experts have called for increase in the production of crude oil in the country. Speaking to our Correspondents,...
Business

Naira Recovers Against Dollar, Sells At N806.73/$1

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For the second time this week, the naira appreciated significantly against the United States dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the...
Economy

Naira Steadies in Parallel Market Amid CBN Governor’s Planned Reform

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The pressure on the foreign exchange (FX) market eased, on Tuesday, as naira steadied against the United States dollar in the parallel market. According to...
Business

Daily Forex Turnover Rises By 32 Percent, Hits $100.06m

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Despite volatility in the Nigeria’s foreign exchange market, Nigeria recorded a daily foreign exchange turnover of $100.06million in the Nigerian Foreign Exchange Market (NAFEM). The...
Business

Naira: Experts Advocate Purchase Of Made In Nigeria Goods, De-dollarising Economy

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In other for the naira to sustain momentum against the United States dollar, financial experts and analysts have called for the use and purchase...
Economy

Naira Strengthens To N750.14/$1 In Official Market

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The naira, on Monday, continued its appreciation against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official exchange rate window,...
Economy

Naira gains further, exchanges for N791.75/$1 at official market

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There was relief among manufacturers and importers as the naira gained N49.39 (5.24 per cent) Friday to close at N791.75/$ (down from N841.14 on...
Banking

Despite Headwind, Naira Appreciate To N818.99/$1 At Official Market

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Despite experiencing decline in the last two days and high inflation rate in October, the naira, on Wednesday, still gained against the U.S. dollar...
Business

Naira Appreciates In Black Market As CBN Intensifies Settlement Of FX Backlog

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The naira has continue to gain momentum against the United States currency, US dollar, after the Central Bank of Nigeria (CBN), intensified the clearance...
Business

CBN Moves Against Dollar Speculators, Hoarders As Naira Depreciates

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... As BDC Operators Confirm CBN Swoop On Hoarders, Speculators The Central Bank of Nigeria (CBN), has vowed to go after currency hoarders and...
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