Naira

As pandemic lockdown eases, money in circulation falls to N2.29tn

Nigeria's stock of money in circulation stood at N2.29 trillion at the end of June 2020, representing a decline of…

Further devaluation: Naira’s official rate may hit N430/$ by year end – Report

By Omobayo Azeez Indications are rife that by the end of this year, Naira, Nigeria’s local currency will be further…

Naira sentiment shapes week’s market openings

In the face of economic uncertainty, dollar scarcity and depressed Oil prices, the Central Bank of Nigeria (CBN) has devalued…

Make the Naira Great Again: The Naira as the West African Intra-Regional Reserve Currency

AS NIGERIA CONTINUES TO DEAL WITH THE economic shock of the global shutdown brought on by the pandemic, the inherent weakness of Nigeria’s reliance…

Naira gains, exchanges 430/$ as forex sale resumes

The naira sold for N430 to a dollar on Monday, gaining some strength over previous week’s sales figures, following the…

Naira plunges further, dollar sells for N412

The dollar exchanged for N412 on Monday at the Bureau de Change segment of the market. This followed a temporary…

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