Showing posts with label naira. Show all posts

Nigeria Naira exchange rate to Pounds and Dollars reach incredible high!

The rate at which the Naira exchange rate keeps falling is mind boggling.The Nigerian currency yesterday depreciated against the three ...


President Buhari unhappy with CBN for Ruthless Naira devaluation

Naira devaluation 2016 .President Muhammadu Buhari is unhappy with the Central Bank of Nigeria, CBN, over what he called ”the ruthless ...


Nigerian Naira getting stronger as CBN sells Dollar

Nigerian Naira vs US dollar LAGOS  Aug 12 (Reuters) - Nigeria's central bank sold $80 million to bureaux de change (BDC) operator...


Central Bank says you risk 6 months jail Term if caught Transacting with Dollars in Nigeria!

The Central Bank of Nigeria has warned that persons caught in the illegal act of using dollars for transactions risked a six-month jail ...


Naira Falls Further on the Dollar!

It's not a good time at this present moment for the Nigerian Naira.Yesterday, the Naira depreciated against the dollar as it traded at...


Naira devaluation will have Mixed effect on economy-Economist

Dr. Obida Wafure of the Economics Department, University of Abuja, says the recent devaluation of naira by the Central Bank of Nigeria ...