Tuesday, 25/4/2017 | 2:46 UTC+0
LATEST NAIJA NEWS – Nigeria News  | Breaking News | Today News
Need Website design
Do you need a website for your business?
  • Naira stabilises at parallel market

    The naira on Monday stabilised against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency traded between N380 (buying rate) to N385 (selling rate) on Monday afternoon, maintaining the same rate as at Friday. The naira closed at N495 to pound sterling and N415 to Euro at the

    Read more
  • naira_nigeria1-696x466
    JUST IN: Naira sustains gain against Dollar as CBN slashes BDC rate

    The Nigerian Naira on Wednesday, March 29, sustained its growth against the Dollar at the black market as it now trades at N375 per American Dollar from the previous rate of N380. The local currency also appreciated to N465 per Pound and N400 per Euro from the previous rate of N470 and N435 respectively. This

    Read more
  • Naira, Dollar
    Dollar crashes again at parallel market

    The greenback on Monday crashed against the Naira, as the Nigerian currency gained 5 points at the parallel market. The News Agency of Nigeria (NAN) reports that the Naira traded at N460 to a dollar, after speculators had forced it 3 points down amid liquidity boost on Friday. However, the Naira weakened against the Pound

    Read more
  • Naira, Dollar
    Naira appreciates, sells at N450/$1

    The Naira on Monday continued to strengthen against the dollar and other major currencies, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained N10 to exchange at N450 to a dollar at the parallel market, while the Pound Sterling and the Euro exchanged at N560 and N470. At the Bureau De Change (BDC)

    Read more
  • naira
    Should CBN leave naira open to market forces?

    Market forces should be allowed to determine the value of the naira, but you cannot do this half-way. When you say you are opening it up and you still list some items that cannot access foreign exchange at the official market, it is unnecessary. This is part of the beginning of the whole crisis. The

    Read more
  • map-nigeria
    Nigeria records 37.14% drop in online fraud

    Nigeria recorded 37.14 per cent decrease in the amount lost to online fraud in the fourth quarter of 2016. The Chief Executive Officer, Electronic Payment Provider Association of Nigeria, Mrs Regha Onajite, said on Tuesday in Lagos that the success was made possible as a result of more collaboration between relevant stakeholders in the industry.

    Read more
  • Naira drops to 499 on lingering dollar shortage

    The naira dropped against the United States dollar to 499 on Tuesday, from 498 on Monday as lingering scarcity of the greenback continued to weigh on the market Reuters reported. The local currency had reversed its Friday’s loss against the dollar, and closed at 498/dollar. The local currency had hit 500/ dollar on Friday, from

    Read more
  • Naira, Dollar
    Naira hits 500/dollar, faces further decline

    The naira has depreciated further against the United States dollar at the parallel market to 500, from 498. The development came barely one week after the naira touched 500/dollar briefly and returned to 498/dollar. The local currency had been stable against the greenback for about three weeks. The Nigerian currency, however, remained stable at the

    Read more
  • naira
    Naira devaluation inimical to economic devt, says don

    The Dean, Faculty of Business Administration, University of Uyo, Uyo, Akwa Ibom State, Prof. Leo Ukpong, has warned against naira devaluation, arguing that it will not help the economy to recover quickly from recession. Speaking at the weekend in Lagos, Ukpong who is also a Professor of Financial Economics, said the devaluation of any country’s

    Read more
  • naira-exchange
    Naira to remain below 500/dollar this week —Experts

    Currency retailers and experts have said the naira will trade slightly below 500 per United States dollar this week despite the commencement of the sale of foreign exchange to Bureau De Change operators by the Central Bank of Nigeria last week. The CBN had through the International Money Transfer Organisations resumed the sale of dollars

    Read more