Tag: Naira

The Central Bank of Nigeria (CBN) has introduced the Naira as a payout option for recipients of proceeds from international ...

CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

The Central Bank of Nigeria (CBN) has given International Oil Companies (IOCs) the green light to resume the sale of ...

Naira depreciated further to N763/$ at the Investors and Exporters Windows.

by Jide Omodele

On Thursday, June 22, 2023, the Investors and Exporters window recorded depreciation in the value of the naira as it ...

Nigeria’s Airfares Soar as Exchange Rate Hits N702 per Dollar.

Airfares in Nigeria to various international destinations have witnessed a significant surge as the exchange rate for ticket pricing has ...

Filling Station Breaks the News: Fuel Subsidy Ends, Prices Soar to N600/Litre.

Nigeria’s Foreign Reserves Drop by Over $600M in First 18 Days of Tinubu’s Presidency.

Nigeria's foreign reserves have been experiencing a rapid decline, reaching one of its lowest levels, shedding an additional $600 million ...

CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

CBN Plans Further Loosening of Controls to Determine New Naira Level

by Jide Omodele

Dr. Kingsley Obiora, the Deputy Governor of the Economic Policy Directorate at the Central Bank of Nigeria (CBN), has revealed ...

Aliko Dangote’s Wealth Drops by N1.45 Trillion Following Naira’s Exchange Rate Change

by Victoria Attah

Nigerian business tycoon and Africa's wealthiest individual, Aliko Dangote, has experienced a significant decline in his wealth, totaling N1.45 trillion ...

Nigeria’s Currency Float: Implications for the Economy and Future Growth

Nigeria has recently taken a momentous step by officially floating its naira currency after years of adhering to a hard ...

CBN Denies Naira Devaluation Amidst False News Reports by Daily Trust.

by Rate Captain

June 1, 2023