Naira Gains, Records N25 At Black Market   Naira has launched a sustained recovery at the parallel market, gaining N25 since it fell to its lowest of N575 to a dollar on September 20, 2021. A survey at the Bureau De Change (BDC) market in Wuse Zone...

Speculators Lose Billions As Naira Appreciates, Exchanges For 540/$   The naira has appreciated further in the parallel market as the dollar was sold for N540 on Wednesday, with traders saying speculators hoarding dollars would be losing a lot of money. The dollar, which was bought and...

Fuel Depots To Pay NNPC’s Shipping Charges In Naira   The Nigerian National Petroleum Corporation has agreed to accept naira payments from depot owners for the use of its vessels for transporting petroleum products to their facilities, as part of efforts to ensure smooth supply and...

CBN Confiscates 67,000 Counterfeit Naira Notes In 2020     A total of 67,265 banknotes with a nominal value of N56.8 million were confiscated last year, the 2020 yearly report of the Central Bank of Nigeria (CBN) has revealed. The volume is 20.8 per cent less than 84,934...

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...