February 01, (THEWILL) - Bureau De Change (BDC) operators in Abuja have announced an indefinite shutdown of business over scarcity of US dollars.
Abdulahi Dauran, Chairman of the Abuja chapter of the Association of BDC, said online banking transactions...
January 24, (THEWILL) - In a scenario that suggests stiff resistance against the measures aimed at halting the steep depreciation of the naira, the local currency maintained its free fall at the parallel market on Tuesday, January 23,...
November 10, (THEWILL) - The Naira traded N996.95 per dollar on the Nigerian Alternative Foreign Exchange Market (NAFEM) on Thursday, November 9, pushing closer to the parallel market rate of N1,175/$ on the same day.
The massive slump of...
October 25, (THEWILL) - The naira on Tuesday plunged to a record low of N1,310 per dollar on the parallel market, thereby activating life-threatening concerns over prevailing economic hardship that has made life unbearable for the citizens.
Spiraling...
September 26, (THEWILL) – Nigeria naira set a new record on Tuesday, falling to N1,000 against the dollar at the parallel market, on confirmation of Dr Olayemi Cordorso as the new Central Bank of Nigeria (CBN) Governor by the...
August 10, (THEWILL) - The Naira plummeted to N915/$ on Wednesday, August 9, 2023, exactly two months after President Bola Tinubu suspended the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, from office on June 9, 2023.
Checks...
June 14, (THEWILL) - The Nigerian Naira lost 40 percent of its value Wednesday, the first day it was floated at the I&E Window of the Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX), signaling a slope towards official...
The commission issued the clarification on Saturday amid growing controversy surrounding the preliminary voters’ register ahead of the 2027 general elections and calls by some Nigerians for Amupitan to step down over alleged irregularities in the registration process.
