By Caleb Ijioma The Naira on Monday depreciated marginally against the dollar at the Investors and Exporters window, exchanging at N429.43. The figure represented a decrease of 0.09 percent, against N429. 05 at the close of business on Aug. 19. The open indicative rate closed at N429.07 to the dollar on Monday. An exchange rate […]
From next week, Nigerians will be able to open an eNaira wallet and conduct transactions by simply using a designated USSD code on any phone. To carry out these transactions, Nigerians will only have to dail *997 from their phones. Central Bank of Nigeria (CBN) Governor Godwin Emefiele stated these at the Grand Finale of […]
By Davies Ngere Ify The Naira exchanged for N430.67 against the dollar on Tuesday at the Investors and Exporters window. Comparing the figure to the N430 it exchanged for the dollar on Monday, it showed a decrease of 0.16 percent. The open indicative rate closed at N429.88 to the dollar on Tuesday. An exchange rate […]
Naira loses big against dollar By Lydia Ngwakwe The Naira on Wednesday lost to the green back at the Investors and Exporters window, exchanging at 424.88 to the dollar against 421.00 traded on Tuesday. This represents a 0.80 per cent depreciation. The open indicative rate closed at N421.80 to the dollar on Wednesday. An exchange […]
Naira crashes to dollar again Naira and Dollars By Lydia Ngwakwe After appreciating for two days, the Naira on Thursday dipped against the dollar by 0. 21 per cent at the Investors and Exporters window. The local currency exchanged at 418.88 to the dollar, compared to 418 traded on Wednesday. The open indicative rate closed […]
By afolabi The Central Bank of Nigeria CBN has said that the country will be faced with dearth of paper currency soon. This as the apex bank intensifies effort in the area of digital currency inclusion. The Delta State Branch Controller of CBN, Mr Godwin Okafor, made this known while Speaking at the popular Ogbogonogo […]
By Lydia Ngwakwe The Naira on Monday depreciated at the Investors and Exporters window, exchanging at N419 to the dollar, a 0.48 per cent depreciation, weaker than N417 it traded on Friday. The open indicative rate closed at N419 to the dollar on Monday. An exchange rate of N423.00 to the dollar was the highest […]
By Geoff Iyatse For the first time in 22 years, the Federal Open Market Committee (FOMC), a rate-fixing committee within the Federal Reserve System, has raised the interest rate by 50 basis points, as a continuation of its aggressive effort to rein in inflation. After a marathon meeting that sent jitters across the global market, […]
The Naira exchanged at N419.50 to the dollar at the Investors and Exporters window on Thursday. This represents a 0.28 percent depreciation, compared to N418.33 to the dollar recorded on Wednesday. The open indicative rate closed at N417.81 to the dollar on Thursday. An exchange rate of N444 to the dollar was the highest rate […]
The exchange rate of the naira at the Investors and Exporters window closed at 417 to 1 dollar on Monday, representing a 0.08 per cent depreciation compared to N416.17 recorded on Friday. The open indicative rate also closed at N416.15 to the dollar on Monday. An exchange rate of N444 to the dollar was the […]
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