Experts have cautioned that an increase in political activity will make the naira crisis worse. The currency's value has continued to fluctuate on several markets, and analysts are conc...
International spending on the naira visa debit card will no longer be allowed on StanChart starting next month, according to Standard Chartered Bank in a recent customer statement. The ...
Godwin Emfiele, the governor of the central bank, said that the eNaira currency impacts commercial banks, especially when customers transfer funds to their eNaira wallets from their bank accounts....
The "Naira4Dollar Scheme" of the Central Bank of Nigeria (CBN) was launched in March 2021, and since then, the rate of the naira has dropped by a staggering N127 (or 26 percent). ...
Nairaland is an online forum targeted at Nigerians. It was established on March 8, 2005, by Nigerian businessman Seun Osewa and is currently ranked as the sixth most popular website in Nige...
The Nigerian Central bank reported in April that the interest rate is 16.82 percent, however, we believe that it is much higher than that since the buying power of the Naira has reduced drastically wh...
The Russian-Ukraine crisis has caused inflation of diesel costs which had impacted heavily and negatively on the manufacturing sector of Nigeria pushing the second quarter of Nigerian inflation ar...
On Tuesday 5th April 2022, the exchange rate between the naira and the US dollar closed at N416.83/$1 at the official Investors and Exporters (I&E) window. Naira diminished in value against...
Tuesday, March 29th, 2022: At the official Investors and Exporters (I&E) window, the naira and the US dollar exchange rate closed at N417/$1. On Tuesday, March 29th, 2022, the I&E window e...
Nigeria's Exchange rate is at risk of crossing N600/$1 at the unofficial FX Market, as foreign investors that were given their dividends for the 2021 financial year seek to repatriate their ea...