Tag: dollarTag: <span>dollar</span>
Emir Sanusi is as stern as they come – 12 reasons we’re totally feeling his vibe
by Tolu Omoyeni The Emir of Kano and former Central Bank governor, Sanusi Lamido Sanusi is resolute in his opinions on how the country should be run. When he speaks…
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According to the CBN governor, this is why the Naira is falling
Governor of the Central Bank of Nigeria, Godwin Emefiele, on Saturday, explained that the Naira is depreciating against the dollar because Nigeria doesn't export anything except oil. Speaking at a career…
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Nigerians on Twitter react to CBN’s subsidized exchange rate for Hajj pilgrims
Following the news that the Central Bank of Nigeria (CBN) intends to give subsidy on foreign exchange to Hajj pilgrims, Nigerians have taken to social media to express their opinion on…
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How to solve Nigeria’s current Forex scarcity, by Dolapo Oni
by Dolapo Oni Nigeria urgently needs to increase the supply of dollars in the economy, especially at the interbank market where access is really limited and customers of banks are…
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New forex policy: Import duty increases
Custom duties on imported cargoes has skyrocketed to 43 percent following the implementation of the Central Bank of Nigeria's new foreign exchange policy, the Punch reports. Before the the introduction…
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Nigerians will not buy airline tickets in foreign currency anymore – This is why
Airlines operating in Nigeria have been warned by the Nigerian Civil Aviation Authority (NCAA) to desist from selling flight tickets in foreign currencies with immediate effect. The NCAA had apparently…
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Opinion: What do you want Okonjo-Iweala to do?
by Bade Adebolu Nigeria is struggling in the face of a 40 percent slump in crude prices since the second half of last year, which has forced authorities to scale back…
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The week ahead – A light has appeared at the tunnel’s end
The CBN has finally let go of pegs on the naira, allowing the market forces to determine the true value of the local currency against other currencies across the world.…
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Get ready for another round of fuel scarcity
Nigerians should be set to witness another round of fuel scarcity as some sea vessels are stuck on the coast of Nigeria, unable to unload the products they are carrying…
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Even the president of the Bureau de Change association is wailing
The President of Association of Bureau de Change of Nigeria, Aminu Gwadabe, has declared that there is no better option for the government than to revert to the two official exchange…
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Report: Buhari devalues Naira 290 to Dollar
President Muhammadu Buhari has agreed to demands to devalue the Nigerian currency to N290 against the dollar, according to SaharaReporters. This is coming just barely a day after removal of fuel…
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‘Naira, IGR’ | I have the master plan, and no one has approached me – Ifeanyi Ubah
Chairman, Capital Oil and Gas Limited, Ifeanyi Ubah, who says he has the master plan to bring the naira back to about N200 to a dollar in the space of…
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Opinion: The naira, dollar and the heat in our houses
I grew up in Nigeria at a time when Nigeria was still in its early developmental stage, certain areas seem to have been on a decline. It didn’t start today,…
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Falana drags CBN to court over ‘weakened naira’
Human rights lawyer, Femi Falana (SAN) has filed a suit before the Federal High Court in Abuja on Wednesday, February 24 requesting the court to stop the Central Bank of…
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Naira on road to recovery, rises to 280 against dollar
The Nigerian currency is finally gaining momentum after over a month of sharp decline against the American greenback. The naira, which was trading at 310 to a dollar on Tuesday,…
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‘Increase in naira is artificial, people are manipulating it’ – Ifeanyi Ubah
Chief Executive Officer of Capital Oil and Gas, and a one time governorship candidate for Anambra state, Ifeanyi Ubah, on Tuesday, stated that the naira has fallen substantially to about…
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‘Naira would exchange for N700 to a dollar, if…’
Owing to the persistent depreciation of the value of the Nigerian currency- Naira- the Lagos Chamber of Commerce and Industry and the Association of National Accountants of Nigeria, on Friday,…
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Naira falls further, Nigerians react (READ)
The free falling that has characterised the naira- in recent time- continued at the parallel market on Thursday, February 18, with the Nigerian currency nosediving to 391 against the dollar…
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‘Things may get worse’ | Naira crashes to record low of 345/dollar
The continuous fall of the Nigerian currency- naira- reached a record low of 345 against the dollar at the parallel market on Monday. Following the Bankers’ Committee's announcement last week…
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Naira nosedives to lowest figure in 43 years, sells at N305 per dollar
At the close of trading on Wednesday, January 13, the Nigerian foreign exchange and stock market had sunk to a new low. The Nigerian currency- the Naira- crashed to it's…
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‘Buhari can’t possibly make naira equal to dollar’
A former Chairman of the Labour Party, Dan Nwanyanwu, says that President Muhammadu Buhari, will not make the Nigerian currency equal to the American currency. Nwanyanwu, also doubted the possibility of…
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#YNaijaExplains: Why are some banks rejecting forex deposits?
One of the favourite past times of Nigerians over the last few months has been the daily check of exchange rates. Every new low of the Naira against either the…
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Henry Boyo: Mr. President, removing fuel subsidy will make Nigerians suffer
by Henry Boyo Instructively however, Nigerians may change from this same melody if a N50/litre rise in petrol price pushes the rate of inflation, beyond 10% within six months or…
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Interbank trading briefly suspended as Naira crashes to 206 against dollar
by Kolapo Olapoju Earlier today, trading was briefly suspended for the second day in a row at the Interbank market. The market hit its limit of N204.10, as naira nosedived…
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Highest fall in 5 years: Naira trades for N187 to dollar
by Godwin Akanfe The naira has experienced its highest fall in 5 years. The Nigerian currency fell by four percent against the dollar to 187.05 at the interbank foreign…
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The Naira has truly lost its value: See what it’s being used for
by Azubuike Azikiwe At present, the naira is being traded against the dollar at the rate of 179 to 1. While every Nigerian is quick to blame the government and dwindling…
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Opinion: The ‘Ponmocalypse’ is Here
by Gbenga Adeyemi Some days ago, at a conference in Ibadan, statements were made to the effect that the popular delicacy known as ponmo may become rare as the days go…
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Les Leba: Guess who is dollarising the economy
by Les Leba A stronger naira will shift market preference from the dollar and reduce the propensity for round tripping. Any patron of Bureau de Change may find that a…
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Opinion: Naira – Redesign, redenomination or revaluation?
by Les Leba The advantages of redenomination may however, be short-lived, if the abiding economic instigators of inflation are not adequately tackled. In a recent interactive section with…
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Cautionary tale of woman who won $10 million in lottery and lost it all – 3 lessons
Sharon Tirabassi was living the dream. She won the $10.5 million dollar lottery in her home country of Canada, earning her a consistent residence on cloud nine. All the things that…
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YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy
YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy