Naira

December 07, (THEWILL) – The initiative at the twilight of General Mohammadu Buhari's administration to redesign the country's currency, the Naira, has become a complex narrative characterised by intricate political undercurrents, scarcity hurdles, and the looming threat of...

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...

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...

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...

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...

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...

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...

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...

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)...

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...