Naira (Currency) - New Nigerian Politics | New Nigerian Politics

Dollar batters Naira again at Exporters window

Posted by admin Economy, Headlines, Naira (Currency) Wednesday, May 11th, 2022

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 […]

Naira faces fresh risk as Fed hikes interest rate by 50bps

Posted by admin Economy, Headlines, Naira (Currency) Thursday, May 5th, 2022

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, […]

Naira depreciates, sells at N419.50 to dollar

Posted by admin Economy, Headlines, Naira (Currency) Saturday, April 23rd, 2022

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 […]

Naira Closes At 417/Dollar At I & E Window

Posted by admin Economy, Headlines, Naira (Currency) Monday, April 11th, 2022

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 […]

Video: Yul Edochie, Odumeje caught dancing on Naira notes

Posted by admin Arts/Culture & Entertainment, Economy, Headlines, Naira (Currency), Nollywood (Film Industry) Wednesday, December 15th, 2021

Edochie and Odumeje dancing on Naira notes SEE VIDEO BELOW Nollywood actor, Yul Edochie has been caught on video dancing with controversial prophet, Chukwuemeka Ohanaemere, popularly known as Odumeje in Onitsha, Anambra State. Odumeje is a wealthy controversial Nigerian clergyman and general overseer of The Mountain of Holy Ghost Intervention and Deliverance Ministry who […]

FX market faces fresh test as naira hits all-time high at N543/$

Posted by admin Economy, Headlines, Naira (Currency), National Politics, Top Stories Saturday, September 11th, 2021

By Geoff Iyatse (Assistant Business Editor) • Hoarding intensifies while BDC operators run out of supply • Banks may resort to rent-seeking • No customer with genuine need has been turned back, CBN insists • ‘Proposed e-naira will stabilise financial system’ The new foreign exchange (FX) sale template faces a major test, as naira took a major […]

CBN Deputy Governor explains depreciation in Naira’s value

Posted by admin CBN (Central Bank of Nigeria), Economy, Headlines, Naira (Currency) Wednesday, August 18th, 2021

cbn By NAN The Deputy Governor, Corporate Services Department of the Central Bank of Nigeria (CBN), Mr Edward Adamu, has attributed the depreciation in the value of the Naira to the effects of the COVID-19 pandemic on the economy. Adamu stated this at an interactive session with the House Committee on Finance on the 2022-2024 Medium-Term […]

No plan to convert dollar account holdings to naira, says CBN

Posted by admin CBN (Central Bank of Nigeria), Economy, Headlines, Naira (Currency), National Politics Tuesday, August 3rd, 2021

Godwin Emefiele of CBN. Photo: NAIRAMETRICS By Geoff Iyatse ‘We will ensure full compliance with new rules’ The Central Bank of Nigeria (CBN) has assured the public that it will monitor the deposit money banks (DMBs) to ensure they comply with set rules and meet the legitimate foreign exchange needs of Nigerians. This came as the […]

Dollar pulls back on rising optimism

Posted by admin Economy, Headlines, Naira (Currency) Tuesday, August 3rd, 2021

Naira vs Dollar. Photo: NAIRAMETRICS By Geoff Iyatse Data suggest increasing perception about naira The dollar pulled back at the parallel market at the weekend on the strength of rising market optimism and ease of panic over the stoppage of foreign exchange sale to the bureau de change (BDC) operators. The dollar traded between N505/$ and […]

Naira suffers major crash at BDCs, Black market

Posted by admin Economy, Headlines, Naira (Currency) Wednesday, July 28th, 2021

By Abankula The Nigerian Naira is in a tailspin at the Black Market, a day after the Central Bank stopped weekly sale of dollars to the BDCs. According to the ngnrates.com, the Naira slumped to N522 to the US Dollar. Operators in the market bought it at N515. At BDCs, the rate quoted was N510-N520. […]