Local and international petroleum marketing analysts have attributed the drop in petrol imports into Nigeria to lower Ship-to-Ship (STS) prices offshore in Lomé and a stronger naira ... One major factor is the strong Naira we’ve seen lately.
Limited, Huang Haoyu, also known as Ken, and An Hongxu, to 46 years’ imprisonment each, or an option of a N56 million fine, for their roles in a multi-billion-naira cybercrime and money laundering scheme.
Godwin Emefiele, yesterday indicted commercial banks for the scarcity that greeted the Naira redesign policy of the federal government in late 2022 and early 2023.
Recall that during his Evidence-in-Chief, the witness tendered video evidence claiming that the redesign of the Naira notes by the Emefiele-led CBN brought untold hardship for many Nigerians.
As Brent crude trades around $69 per barrel, comfortably above Nigeria’s 2026 budget benchmark of $64.85, there is cautious optimism that the gains could filter through to the naira Nigerians use every day.
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has declared that the Naira is reclaiming its status. read more Cardoso sees Naira regaining regional dominance, halting FX scramble ....
The naira ended the trading week on a stronger note across the foreign exchange (FX) markets, appreciating against the dollar. read more Naira records 1.5% weekly gain as reserves maintain growth ....
The naira edged lower on Thursday in the official foreign-exchange market, retreating from a ten-day rally as renewed dollar demand. read more Naira cools after ten-day gains on dollar demand ....
... continent’s first wallet-based outbound payments from Nigeria to Ghana – fully in Naira, without relying on hard currency conversion, in partnership with banks and MobileMoney Operators (MNOs).
The naira on Tuesday surged to a record high of N1,372.91 to the dollar in the official foreign exchange (FX). read more Naira hits record high of N1,372.91/$ without CBN inflow ....
In a record feat, Wema Bank Plc, one of Nigeria’s oldest lenders, has joined the N1 trillion market capitalisation club,. read more Wema Bank hits trillion-naira market cap for first time since listing ....
The naira rallied to its strongest level in two years last week, buoyed by a weakening US dollar, rising oil. read more Why naira rallied to strongest level in two years ....
Naira-denominated mutual funds surged by about 140 percent in one year as investor appetite shifted away from dollar assets, signalling. read more Naira mutual funds surge 140% as dollar bets cool ....
The naira continued its steady appreciation against the US dollar across Nigeria’s foreign exchange markets on Wednesday, strengthening to N1,358.28. read more Naira maintains steady rise, hits N1,358.28 as reserves grow ....