Naira

Economy

CBN begins clearing forex contracts, easing naira pressure

Jane Kalu -
The Central Bank of Nigeria (CBN) has cleared matured forward foreign-exchange contracts with an...
Economy

Naira fall predicted to continue next week

Plu Team -
The naira is expected to remain unsteady in the coming week despite the government’s...
Economy

Naira sinks to long-feared black market rate of 1,000 to dollar

Eric Ojo -
The naira fell to a new record low of 1,000 to a dollar on...
Economy

Minister blames naira fall on $6.8bn forex payment backlog

Plu Team -
Finance minister Olawale Edun says Nigeria has to clear a $6.8 billion backlog of...
Economy

Naira at record low on black market, inches closer to 1000 to dollar

Olawale Afolabi -
Naira fell to a record low on the black market on Wednesday, edging closer...
Economy

Naira tumbles to N900 after brief recovery

Jane Kalu -
The naira is on a downward spiral again after government’s intervention handed the currency...
Economy

Naira could take 18 months to stabilize after reforms, IMF says

Plu Team -
Stabilizing Nigeria's economy and the naira exchange rate could take up to 18 months...
Economy

Nigeria currency traders want Binance banned

Oge Udegbunam -
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Nigerian...
Economy

Naira down to record low on black market

Jane Kalu -
The Nigerian naira plummeted to an all-time low on the black market on Friday,...
Economy

Naira hits N860 at black market, a blow to moves to unify exchange rates

Olawale Afolabi -
The naira fell to its lowest on the parallel market on Wednesday, trading at...
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