The Naira lost 96.5 percent in value, year-to-date, as it closed N907.11/$1 at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, December 29, 2023.
This is N445.6 loss (representing 96.5 percent) against N461.5/$1 the local currency opened on January...
December 24, (THEWILL) - The Naira closed at N885.88 per dollar on Friday December 22, at the Nigerian Autonomous Foreign Exchange Market (NAFEM) as against N861.91 to the dollar it traded on the previous day, losing N23.97 in twenty-four...
December 14, (THEWILL) - The Central Bank of Nigeria (CBN) has reassured Nigerians of enough Naira notes in circulation to cater for their cash needs.
CBN Acting Director, Corporate Communications, Mrs Hakama Ali, gave the assurance in a statement on...
December 09, (THEWILL) - Naira has plunged to N1,009.05 per dollar on the Nigerian Foreign Exchange Market (NAFEM), the lowest dip ever.
Data from the FMDQ website showed that the troubled local currency succumbed to pressure to cross the...
December 07, (THEWILL) – The initiative at the twilight of General Mohammadu Buhari's administration to redesign the country's currency, the Naira, has become a complex narrative characterised by intricate political undercurrents, scarcity hurdles, and the looming threat of...
December 04, (THEWILL) - The Naira has maintained the plunge it recorded on Monday November 27, the first working day after the Governor, Central Bank of Nigeria (CBN), Dr Olayemi Cordoso, announced the planned reform of the...
November 10, (THEWILL) - Managing Director, CEO of 313 Bureau de Change, Alhaji Murtala Bashir, has called for collective efforts to ensure naira stability at the Forex Market in Nigeria.
Bashir in a statement on Friday in Abuja said, the...
November 10, (THEWILL) - The Naira traded N996.95 per dollar on the Nigerian Alternative Foreign Exchange Market (NAFEM) on Thursday, November 9, pushing closer to the parallel market rate of N1,175/$ 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...
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.
