Operator to Tinubu: Ban Dollar Cash Transactions To Save Naira The Group Managing Director of CFL Group, Lai Omotola, has urged President Bola Tinubu to sign an executive order prohibiting dollar cash transactions to save the naira from further depreciation. Omotola noted that several economic policies...

CBN Sells Over $300m To Banks As Naira Gains The Central Bank of Nigeria (CBN)has over $300m to Deposit Money Banks in the last two weeks amid desperate efforts to stabilise the naira-dollar exchange rate. The Association of Corporate Treasurers of Nigeria made the disclosure in...

Naira Appreciates to 1,468 per Dollar as MPC Meets After weeks of free fall, the Naira has finally made a comeback against the US dollar, reaching a new high of 1,468 in the official market. According to Economic Confidential findings at the parallel market, the average...

Naira Plunges at NAFEM, Parallel Market The Naira value weakened by 1.9% or N28.73 against the United States Dollar on Thursday, February 22 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) despite unconventional approaches to ease the free fall of the currency. It closed at...

Forex Crisis: Nigeria's Battle to Restore the Naira's Glory, by Gidado Shuaib   For Nigeria, the Naira stands not only as the country's currency but also as a symbol of its identity. Besides ensuring that citizens thrive in their everyday lives, it also signifies the country's...

Naira Gains at Autonomous FX Market, Banks Sell $172m The naira gained marginally against the United States dollar at the Nigerian Autonomous Foreign Exchange Market on Tuesday, closing at N1,542.58/$ from N1,551/$ recorded on Tuesday. The rate represents a 2.9 per cent appreciation from the N1,598.54...