Naira Crisis

July 13, (THEWILL) - The Naira witnessed an upward momentum on Thursday, gaining 4.7% against the dollar on the I&E window to close at N746.28/$ against N782.49/$ on the previous trading day. Check by THEWILL showed that the parallel market...

The Nigerian Naira closed at N770.17/$ at the official window on Friday against N763.17 the previous day, marking a value-shedding of N7 or 10 percent. The parallel market closed at N770/US, consolidating on the exchange rates convergence that was...

Now that the Naira has been floated by the Central Bank of Nigeria in response to the directive by Mr President in his inaugural address, we wish that our experience this time around will be different and that we...

June 16, (THEWILL) - The Naira witnessed the biggest slump in many years as it crashed severely at the I&E window Thursday to record N702.19/US$1. This reflects a depreciation of 5.4 percent compared to the N664/US$1 recorded on Wednesday, June...

There have been renewed calls for single rate of exchange since the President expressed the views that we push for that. Of course, the push for single rate has been on the national table for a very long time...

The Central Bank of Nigeria (CBN) has denied devaluing the naira contrary to a report in a national newspaper. Dr Isa AbdulMumin, Ag. Director, Corporate Communications of the CBN in a statement issued Thursday described the publication as false and...

March 28, (THEWILL) - The Federal Government has assured Nigerians that the planned nationwide protest and strike by organised Labour scheduled for Wednesday, over the scarcity of naira notes, will not go on as positive negotiations are currently ongoing...

March 23, (THEWILL) - In a bid to improve cash availability, the Central Bank of Nigeria (CBN) has released N52 billion in cash to commercial banks in the country. The apex bank also directed the banks to open all...

March 13, (THEWILL) - The Central Bank of Nigeria (CBN), on Monday night, directed deposit money banks in the country to comply with the judgement of the Supreme Court extending the validity of the old N200, N500 and...

March 12, (THEWILL) - For the past one month, Nigerians had been thrown into restlessness, following the introduction of the cashless policy by the Central Bank of Nigeria (CBN) governor, Godwin Emefiele. To many, it is an unprecedented policy that...