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Tag: Naira

What Gives The Naira Its Value Whether Weak Or Strong
Finance

What Gives The Naira Its Value Whether Weak Or Strong

Paying for goods and services in Nigeria is done with naira notes for a reason – it is the government…

Christina NgeneJuly 24, 2020July 24, 2020
Naira Rate Stable For NAFEX And The Parallel Market, Turnover Falls
BusinessFinance

Naira Rate Stable For NAFEX And The Parallel Market, Turnover Falls

For two days in a row, the parallel market maintained a stable naira rate of  ₦472/$1 and closed the same…

Christina NgeneJuly 23, 2020July 23, 2020
Naira Weakens Further At The Parallel Market Trades 472/Dollar
Finance

Naira Weakens Further At The Parallel Market Trades 472/Dollar

The naira which traded at 470 at the parallel market almost all throughout last week has further dropped this week.…

Christina NgeneJuly 20, 2020July 20, 2020
WEEKAHEAD-Africa FX – Naira Weakens Against Dollars
BusinessFinance

WEEKAHEAD-Africa FX – Naira Weakens Against Dollars

The week ahead doesn’t look too good for the Kenyan and Nigerian currencies. Reuters Africa reports that both naira and…

Christina NgeneJuly 16, 2020July 16, 2020
Different Exchange Rates Of Nigerian Naira Explained
Finance

Different Exchange Rates Of Nigerian Naira Explained

After a 5.5% devaluation of the naira to 381 per dollar, trading has been chaotic and Central Bank is the…

Christina NgeneJuly 16, 2020July 16, 2020
Naira Drops as Exchange Rates in Nigeria to Be Unified
BusinessFinance

Naira Drops as Exchange Rates in Nigeria to Be Unified

There has been an indication that the weakening reserves of Nigeria would necessitate conservation as the Minister of Finance Zainab…

Christina NgeneJune 17, 2020June 17, 2020
Naira/Dollar – Naira is a long way from recovering this weakness
Finance

Naira/Dollar – Naira is a long way from recovering this weakness

As oil prices continue to plunge, Naira follows right after it. As of Friday, Nigeria’s currency was at about 500…

Christina NgeneApril 27, 2020April 30, 2020
Naira at 420/USD in the black market for the first time in three years
Finance

Naira at 420/USD in the black market for the first time in three years

The USD has soared above the Nigerian naira to be at 420/dollar in the black market this Tuesday. The last…

Christina NgeneApril 21, 2020April 21, 2020
ECOWAS to Introduce Common Currency ‘Eco’
BusinessFinance

ECOWAS to Introduce Common Currency ‘Eco’

While meeting at Nigeria’s capital Abuja to discuss regional security and integration, West African leaders and heads of states also…

Christina NgeneDecember 30, 2019May 28, 2020

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News Summary Today

The explosion and a suspected attack on the Trans-Niger Pipeline, TNP, have warranted a state of emergency in Rivers State. President Bola Tinubu made the announcement Tuesday, where he also suspended the current administration as well as, instated a new leader, Vice Admiral Ibokette Ibas, for six months to run the affairs of the state.

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