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