Naira floating

Business

UPDATED: FG May Crackdown On Black-Market Currency Traders – Oyedele

Sam Diala, THEWILL -
October 31 (THEWILL) - Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has said that the government may crack down on illicit currency traders, commonly called back-market money dealers. He also gave the...
Business

Shocker: Naira In Worst Fate, Tumbles To N993.82/$ On Official Window

Sam Diala, THEWILL -
October 30, (THEWILL) - In an unprecedented twist of events, the Nigerian naira suffered a significant plunge in the financial market on Monday, October 30, 2023, the lowest since the currency float policy was introduced mid-June, 2023. The currency,...
Headline

UPDATES: Speculators Hurting Badly As Dollar Drops To N1000-$1 In Black Market

Aina Ojonugwa, THEWILL -
October 27, (THEWILL) - The Naira, on Friday, recorded major gains in the parallel market with the local currency recording a major rebound with dealers offering $1 to N1000 from Thursday’s N1300 - $1. Similarly, £1 was exchanged for N1250...
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BusinessOgochukwu Onwaeze, THEWILL -

NGX Extends Decline as 41 Stocks Close Lower

The NGX All-Share Index (ASI) declined by 0.17 percent, falling from 239,085.17 points at the opening to 238,682.92 points at the close. Market capitalisation also declined by N260 billion, from N154.396 trillion to N154.136 trillion.
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