CBN sends strong warning to commercial banks over Naira hawking …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) says it will heavily penalise Deposit Money Banks (DMBs) found supporting the hawking of Naira notes. Mr Solaja Olayemi, Acting Director, Currency Operations Department, CBN, said this in a memo to DMBs on … Read more
“$1 would’ve been N10,000 if God had not intervened” …C0NTINUE READING HERE >>> Pastor E.A. Adeboye, General Overseer of the Redeemed Christian Church of God (RCCG), reveals that only God’s intervention prevented the Naira from plummeting further against the US dollar. Speaking at the Special Holy Ghost Congress in Abuja, Adeboye warned that, without divine … Read more
Naira slightly depreciates in parallel market …C0NTINUE READING HERE >>> The Naira experienced a slight depreciation Wednesday, slipping to N1,740 per dollar in the parallel market compared to its previous rate of N1,735 per dollar on Tuesday. According to data from FMDQ, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market (NAFEM) strengthened, … Read more
Official Market: Naira depreciates against Dollar …C0NTINUE READING HERE >>> The Naira depreciated at the official market on Monday, trading at N1,676.90 to the Dollar. Data from the official trading platform of the FMDQ Exchange, a platform overseeing the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that Naira lost N10.18. This represents a 0.61 per … Read more
Naira appreciates against Dollar at official market …C0NTINUE READING HERE >>> The Naira on Friday appreciated at the official market, trading at N1,666.72 to the Dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that Naira gained N8.77. This … Read more