Tag Archives: Naira

BREAKING NEWS!!! Buhari Makes Another Policy Somersault; Devalues Naira

BREAKING NEWS!!! Buhari Makes Another Policy Somersault; Devalues Naira 

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After a long wait, the Monetary Policy Committee of the Central Bank of Nigeria has bowed to pressure, thus, directing its management to switch to a flexible exchange rate policy. This is in negation of President Buhar’s promise on

Naira continues free fall, now 391/dollar

Naira continues free fall, now 391/dollar

The naira tumbled significantly at the parallel market on Thursday, hitting 391 against the dollar as foreign exchange scarcity continues to batter Africa’s biggest economy.

The currency appears to have entered into

BREAKING!!! Increase in Fuel Price Crashes Naira (See the New Exchange Rate)

 BREAKING!! Increase in Fuel Price Crashes Naira (See the New Exchange Rate)

Buhari-pensive

 

The Nigerian naira suffered a setback on Thursday, crashing to N345 against the dollar, following the federal government’s decision to liberalise sales of petrol. It is trading now (Friday Afternoon) at N355.

The naira also exchanged at 475 to pounds less than 24 hours after the

How much Buhari will pay unemployed youths

Presidency refuses to state how funding would be sourced Vice President Yemi Osinbajo has revealed

BREAKING!!! U.S To Press Nigeria to Devalue Naira – Reuters

 BREAKING!!! U.S To Press Nigeria to Devalue Naira – Reuters

Muhammadu-buhari

The United States said on Monday it will press Nigeria in talks this week to adopt a more flexible foreign exchange rate to boost growth and investment in Africa’s largest economy.

U.S. Assistant Secretary of State for Africa, Linda Thomas-Greenfield, told an audience at the U.S. Institute of Peace that Nigeria should ensure the

Nnamdi Kanu When he Saw that $1 is Now N402 (See Photos)

 Nnamdi Kanu When he Saw that $1 is Now N402 (See Photos)

Nnamdi Kanu Newspaper

Caption the photo above…

He will be like, we cannot be part of this country, this man have finish this country.

NAIRA DEPRECIATION WORSENS AS $1 IS NOW N400

NAIRA DEPRECIATION WORSENS AS $1 IS NOW N400

My Victory Saved Nigeria; $1 Would Have Been N1000 By Now if Jonathan Had Won – Buhari

My Victory Saved Nigeria; $1 Would Have Been N1000 By Now if Jonathan Had Won – Buhari
Buhari bbb

 

PARIS, FEBRUARY 17, 2016: (DGW) – President Muhammadu Buhari said Nigeria would have been in a deeper mess had former President Jonathan won the last presidential election, DGW Paris reports.

 

The president said the humanitarian crisis that would have engulfed Nigeria would have been unimaginable. Nigerians, he said, would have been queuing up for food WHO at UN-assisted outlets.

Buhari criticized the

NairaDepreciates further to N345/$ in parallel market

NairaDepreciates further to N345/$ in parallel market

The  Naira yesterday suffered its biggest daily depreciation against the  dollar  as the exchange rate rose to N345 per dollar in the parallel market. This represents N20 depreciation when

Naira to weaken further as dollar demand soars

Naira to weaken further as dollar demand soars

The naira will weaken further at the parallel market this week after shedding nine per cent of its value last week, foreign exchange dealers and economic experts have said.

Last week, the local currency fell from 310 to 338 as acute shortage of the greenback lingered.

The CBN has left the official exchange rate unchanged at