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Tag: Naira

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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