AdminDec 9, 20151 min readDollar dips further, hits N249 at parallel marketThe News Agency of Nigeria (NAN) reports that the naira lost N1 on Wednesday afternoon to close at N249, as against its previous value of...
AdminNov 27, 20151 min readPolice arrest five members of 15-man syndicate over dollar counterfeitingThe suspects identified as Ade Oladele, 32, Friday Philip,33, Israel Ibeh, 35, Oyewole Thompson, 30, and 31-year-old Onyegbuchi Godwin...
AdminAug 2, 20152 min readNigerians banks reject dollar depositsThis was done to curb the large speculation on the currency. Making this disclosure, the chief executive of First City Monument Bank,...
AdminNov 26, 20141 min readDevaluation: Naira hits N186 in parallel marketThis is against the new official exchange rate N168 announced on Tuesday by the Governor of CBN, Mr Godwin Emefiele. The NAN...
AdminNov 25, 20141 min readFalling oil price: CBN cuts exchange rate of naira to dollar by N13The apex bank devalued the naira at its monetary policy committee, MPC, meeting on Tuesday in Abuja, where it also reviewed Nigeria’s...