No Dollar Spent On Cement Import In Seven Years, Says Emefiele
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria has not spent dollars to import cement in the last seven years.
A statement from the CBN said he spoke at...
Naira To Drop Below N570/$ As Travelers, Businesses Resume Dollar Scramble
The naira which yesterday closed at N570/$ at the parallel market is expected to weaken further by next week as businesses resume and travelers scramble for more dollars.
Findings showed that demand for hard currencies...
Naira Slides To 555/dollar In Parallel Market
The naira lost steam at the parallel market on Monday, sliding to 555 per dollar.
The local currency had crashed to 540/dollar on Friday, after trading at 535/dollar on Thursday.
After tumbling to 575/dollar recently, the local currency began a...
The Naira-Dollar Azonto Dance and Osinbajo’s Common Sense jab, by Abdullahi O. Haruna Haruspice
Nigeria’s Vice President, Professor Yemi Osinbajo is not an economist but whenever he speaks on economic issues, he sounds more convincing and usually filled with practical panacea. Like before, he didn’t...
Naira Crashes, Records Low At Official Market
The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday.
At the Investor & Exporter foreign exchange window, the local currency opened at 413.15/$1 on Thursday but closed at...
Naira Remains Weak Across Exchange Market
The value of naira has continues to wobble across different markets even as analysts express worry that growing political activities will increase the pressure on the local currency.
The troubled naira lost about 70 kobo to the dollar during yesterday’s...
