Naira

The Naira gained at the official market, trading at N1,278.58 to a dollar on Tuesday. Data from the official trading platform of the FMDQ revealed that the Naira gained N30.81 or 2.35 per cent, compared to the previous trading date on…

Vice President Kashim Shettima has assured that the Naira will continue to stabilise in the coming weeks and months. Shettima gave the assurance at the inauguration of the National Design and Innovation Competition, held at the…

The Naira on Monday appreciated by 3.11 percent against the Dollar at Nigerian Autonomous Foreign Exchange Market (NAFEM) Window, closing at a rate of N1,408.04. The local currency has been on positive trajectory lately amid Central Bank…

Naira on Thursday at the Nigerian Autonomous Foreign Exchange Market (NAFEM) window appreciated by 2.63 percent to close at N1,453.28 against the dollar. The local currency at the official rate traded at N1,598.00 and N1,300.00 high and…

The Naira strengthened by 1.88 percent at the official market, to close at N1,572.68 against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM). In the Fixed income space, the Treasury Bills secondary market closed…

Revelations from the recent Monetary Policy Committee meeting of the Central Bank of Nigeria (CBN) were alarming. CBN Governor, Olayemi Cardoso, announced that $26 billion in untraceable funds had flowed through Binance Nigeria Ltd in the…

Nestlé Nigeria Plc on Wednesday announced N79.47 billion loss in its audited full financial year report for period ended December 31, 2023, from N48.97 billion reported in 2022. The multinational Fast Moving Consumer Goods (FMCG) also…

The naira on Monday appreciated by 5.2 per cent to N1,582.94 against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), according to the FMDQ Exchange. The appreciation aligns with the heightened efforts of the Central…

CHISOM ADINDU Currently, Nigeria is grappling with significant socio-economic challenges and instability due to prevailing economic uncertainties. The situation notably worsened on May 29, 2023, when President Bola Tinubu's administration,…

The nominees for the  Monetary Policy Committee, (MPC), of the Central Bank of Nigeria (CBN) have assured Nigerians of the end to the foreign exchange and food crisis facing the country. The MPC formulates monetary policies for the…