Tinubu Lets Naira Drop, Ending Buhari’s Strong-Currency Policy

By Sahabi Abdul The Central Bank of Nigeria ended its defense of the naira on Wednesday, ending his predecessor’s stance … More

Buhari Enacts Currency Notes Exchange as Swan Song

Buhari Enacts Currency Notes Exchange as Swan Song By Bashir Olanrewaju Nigerian President Muhammadu Buhari, in the twilight of his … More

First, Zenith Banks Cut Dollar Spend on Payment Cards

First, Zenith Banks Cut Dollar Spend on Payment Cards By Sahabi Abdul Two of Nigeria’s top lenders, Zenith Bank and … More

Naira Plunges to Record Low in Importers-Exporters Trading

Naira Plunges to Record Low in Importers-Exporters Trading By Sahabi Abdul Nigeria’s currency fell to a record low in importers-exporters … More

SEC Gets Ruling to Stop Chaka on Offshore Stocks

By Chuks Emele (Story updated with Chaka’s statement.) Nigeria’s Investments and Securities Tribunal passed a ruling to stop fintech company … More

How to Invest in Dollars From Nigeria…

Nairaweb.ng’s Investing Guide Series

Escape Naira Devaluation, Inflation: Invest in Dollars

Nairaweb.ng’s Investing Guide Series When Jay Onayume’s company offered its oldest employees voluntary retirement in early 2019, with a juicy … More

Naira’s Brinkmanship and the Number 500

Penny Wisdom By Emeka Uzoatu Have you heard the news? Against all the negative predictions of the naysayers, Nigeria’s national … More

Naira’s Recovery in Parallel Market Speaks to Diaspora Power

By Chuks Emele The naira clawed back 6 percent within three days, after touching the precipice of 500 per dollar, … More

Naira Falls to 500 Per Dollar as CBN Weakens Rate

By Sahabi Abdul Nigeria’s naira exchanged for 500 to a dollar on Monday as the central bank began implementing weaker … More