Thursday, April 25, 2024
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Tag "naira"

Newspaper Headlines: New national ID card to be issued through banks, says NIMC

    Newspaper Headlines: New national ID card to be issued through banks, says NIMC

The national dailies report Goldman Sachs’ prediction on the naira, and the trial of Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN). 

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Naira could soon trade below N1,000/$, says Goldman Sachs

    Naira could soon trade below N1,000/$, says Goldman Sachs

Goldman Sachs Group Inc. says the naira, Nigeria’s currency, could extend gains to trade below N1,000 to the dollar. On March 10, the financial institution had said the local currency

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Presidency: Tinubu’s approach to eliminating FX racketeering is strengthening naira

    Presidency: Tinubu’s approach to eliminating FX racketeering is strengthening naira

The presidency says President Bola Tinubu’s multi-faceted approach to eliminating foreign exchange (FX) racketeering is strengthening the naira against global currencies. In a statement on Wednesday, Ajuri Ngelale, special adviser

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Cardoso’s last card

    Cardoso’s last card

On March 21, 2024, I made a post on X (formerly Twitter), saying it was a good time to give Olayemi Cardoso, the governor of the Central Bank of Nigeria

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Nigeria’s FX reserves fell by $1.2bn in 18 days

  Nigeria’s FX reserves fell by $1.2bn in 18 days

Nigeria’s foreign exchange (FX) reserve dropped by $1.02 billion within 18 days. According to data from the Central Bank of

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Five sure-fire alternatives to spraying money for Nigerian parties

  Five sure-fire alternatives to spraying money for Nigerian parties

Throwing hard currency in the air during festivities has long been considered something of a party starter in Nigeria. For

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Naira appreciates to N1,280/$ at parallel market

  Naira appreciates to N1,280/$ at parallel market

The naira, on Friday, appreciated to N1,280 per dollar at the parallel section of the foreign exchange (FX) market. The

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Prices won’t drop immediately due to exchange rate gains, says Financial Derivatives

  Prices won’t drop immediately due to exchange rate gains, says Financial Derivatives

Financial Derivatives Company, a firm owned by financial expert, Bismarck Rewane, says it will take time for foreign exchange rate

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With N50 difference, parallel/official exchange rates near convergence

  With N50 difference, parallel/official exchange rates near convergence

The naira, on Wednesday, appreciated at the parallel section of the foreign exchange (FX) market, gaining 6.25 percent to trade

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Naira appreciates to N1,440 at parallel market, N1,408 at official window

  Naira appreciates to N1,440 at parallel market, N1,408 at official window

The naira, on Monday, appreciated further at the parallel section of the foreign exchange (FX) market. Currency traders in Lagos,

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