Naira

Business

Naira Slide Deepens Despite Cardoso’s Forex Reform Pledge

Sam Diala, THEWILL -
December 04, (THEWILL) - The Naira has maintained the plunge it recorded on Monday November 27, the first working day after the Governor, Central Bank of Nigeria (CBN), Dr Olayemi Cordoso, announced the planned reform of the...
News

Bureau de Change Chief Wants Collective Efforts To Stabilize Naira

Abdullahi Yusuf, THEWILL -
November 10, (THEWILL) - Managing Director, CEO of 313 Bureau de Change, Alhaji Murtala Bashir, has called for collective efforts to ensure naira stability at the Forex Market in Nigeria. Bashir in a statement on Friday in Abuja said, the...
Business

Naira Inches Closer To Parallel Market Rate, Trades N996.95/$ On NAFEM

Sam Diala, THEWILL -
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...
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We Have Sufficient Stock Of Currency Notes — CBN Cautions Against Panic Withdrawals

Aina Ojonugwa, THEWILL -
November 03, (THEWILL) - The Central Bank of Nigeria (CBN) has assured the public of the availability of sufficient stock of currency notes for economic activities in the country. CBN Director, Corporate Communications, Isa AbdulMumin, made this known in...
Business

Naira in Deeper Life-Threatening Plunge, Crashes To N1,310/$ On Black Market

Sam Diala, THEWILL -
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...
Business

Capital Importation: FBN Limited Dethrones Key Players, Emerges Top Investment Channel In Q2’23

Sam Diala, THEWILL -
October 15, (THEWILL) - In a dynamic twist of events, First Bank of Nigeria (FBN) Limited received the highest investment inflow into the economy in Q2 2023 with $323.13 million. This represents 18.23 percent of $1.03 billion total capital...
News

FG Harps On Increased Domestic Production To Strengthen Naira

THEWILL. -
October 08, (THEWILL) - Minister of Innovation, Science and Technology, Chief Uche Nnaji, on Friday said Nigeria must increase production to strengthen the naira and boost the economy. Nnaji stated this at a press conference on readiness for implementation of...
Business

Huge Decline in Banking Stocks Shrinks Equities Market As Naira Plunges to N775.35/$

Sam Diala, THEWILL -
September 28, (THEWILL) – Continued decline in major banking stocks --- GTCO (-0.72% from N34.75), Access Corporation (-0.32% against N15.55) and FBNH (-0.31% against N14.10) were the drivers of the market's weak performance. As a result, the ASI's year-to-date (YTD)...
Business

Naira Hits N1,000/$ at Parallel Market On Cardoso’s Confirmation as CBN Governor

Sam Diala, THEWILL -
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...
Business

UPDATED: Exchange Rates Unification: Turnover Drops To $1.6bn As Naira Gains 2.2% To N760.63% In Second Month

Sam Diala, THEWILL -
August 15, (THEWILL) - The Investors’ and Exporters’ (I&E) window of the forex market recorded a total daily turnover of $1.6 billion between July 15 and August 14, 2023 marking the second month of floating the naira. The local...
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Latest News

SportsOlumide Atiba, THEWILL -

Mended Fences: 1,000 Goals In Sight As Ronaldo and Portugal Reconciliation Takes Shape

Cristiano Ronaldo’s turbulent relationship with the Portugal national team could be heading towards an unexpected reconciliation, with reports suggesting the veteran forward may return for one final international chapter as he closes in on the historic 1,000-goal milestone.
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