International Airfares Rise As Naira Crashes On IATA Platform     The lingering shortage of foreign exchange in Nigeria has forced the naira to crash against the United States dollar on the air ticket pricing template of the International Air Transport Association, the Switzerland-based trade body representing...

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...

CBN’s Strategies To Save Naira Failing - LCCI   The Lagos Chamber of Commerce and Industry has said that the Central Bank of Nigeria’s effort to save the naira is only redirecting forex transactions to third parties, increasing pressure on the exchange rate. President of LCCI, Mrs...

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...

Naira Exchanges For N580/$ At Parallel Market         The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel market. Some Bureau de Change operators who spoke to our correspondent said that the naira to the dollar was...