Naira opens shop below N1000 against dollar at some segments of black market
The naira strengthened against major currencies on Monday the greenback saw an increased safe-haven demand, in the wake of an…
Omokri speaks on floating naira
“Obidients attacking Tinubu for floating the Naira and allowing market forces determine the value of our currency are being less…
Naira value to rise appreciably as $10 billion forex inflow expected in the coming weeks
Minister of Finance and Coordinating Minister of Nigeria Economy, Mr. Wale Edun has stated that about $10 billion forex inflow…
World Bank lists naira among worst-performing currencies in Africa
The World Bank has listed the Nigerian naira among the worst-performing currencies in Africa. According to World Bank, the naira…
A new world currency could be in the making – courtesy of BRICS Nations…so hold on to your wallets
The BRICS alliance is exploring the creation of an innovative currency, with plans to share proposals on its establishment at…
Australia snubs new England King
• New $5 bill won’t feature the visage of Charles III, will feature “indigenous” design The central bank of Australia…
Ghanaian Cedi second worst-performing asset among Sub-Saharan Africa’s top 15 currencies
In just the first 17 days of the new year, the Ghanaian currency reportedly depreciated by 12.7%, making it the…
No more over-the-counter withdrawal of new notes – Central Bank
• Directs banks to load automated teller machines (ATM) with new notes The Central Bank of Nigeria (CBN) has banned…
Naira among world’s worst performing currencies
Officially, naira is doing pretty well this year, down just 4% against a strong US dollar, ahead of the Canadian…