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Nigeria at risk of ‘devastating consequences’ if naira fails to stabilise against dollar —NLC

The Nigeria Labour Congress (NLC), on Sunday, alleged that the love for foreign goods by government official is the major reason for the continous...

Business

Naira weakened 40% against dollar since June, World Bank declares

The World Bank has said that the Nigerian currency, Naira has weakened by 40 percent since mid June 2023 devaluation and is one of...

Business

Dollar at black market hits N1000/$, as FX dealers trade at N755 in official market

The naira appreciated in the investors’ and exporters’ window of the official market on Tuesday after the dollar rate settled at N755.08/$1 by end...

Business

Naira value appreciates, exchanges for N742/$ at I&E window

The naira exchanged for N742.10 to a dollar at the Investors and Exporters window on Tuesday.The local currency appreciated by 4.06 percent compared to...

Business

Naira appreciates, exchanges for N736/$ at I&E window

The naira exchanged for N736.62 to a dollar at the Investors and Exporters window on Thursday.The local currency appreciated by 4.53 percent compared to...

Business

Naira gains 0.39%, exchanges for N744/$ at I&E window

The naira exchanged for N744.97 to the dollar at the Investors and Exporters window on Tuesday.The local currency gained 0.39 percent compared to the...

Business

At N905/$1, Pastor Adeboye predicts dollar will crash against naira soon

The United States currency, the dollar, will crash against the naira soon, according to the General Overseer of the Redeemed Christian Church of God...

Business

The good and the bad of NGX proposal for Dollar denominated bonds, stock listings

Nigeria’s stock exchange proposes allowing dollar-denominated bond listings and potentially expanding this to stocks, with the aim of easing foreign currency access for companies...

Business

Naira depreciates, closes N773/$ at I&E window

The Naira exchanged for N773.42 to the dollar at the Investors and Exporters window on Wednesday.This indicated that the Nigerian currency depreciated by 0.35...

Business

CBN to clampdown on currency speculators, restricts diaspora remittances

In a bid to arrest the free fall of the naira at the parallel market, also known as black market, the Central Bank of...

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