Nigeria: Brothers arrested for producing fake Naira notes
Hope Ihesiaba and his brother, Ifeanyi, have been arrested by the men of the Nigerian police for their alleged involvement in production o...
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Nigeria Bans Dollar Resales After FX Auction To Prop Up Naira - Dealers
Nigeria banned banks on Friday from reselling dollars bought at a currency auction to other banks, dealers said, a move aimed at curbing spe...
Naira Now Goes For 208 To Dollar
The naira, on Friday, depreciated against the dollar as it traded at N208 from the N191.50 it sold for on Monday, January 19. The News A...
‘Why Dollar Surged Against Naira, Others In 2014’
The dollar rose against all other major currencies in 2014 for the first time since the turn of the century, as investors expecting interest...
Naira Gains Against Dollar At All Markets
The Naira appreciated against the dollar at both the official and parallel markets, a survey showed in Lagos on Monday. The Nigerian cu...
Implications Of Falling Oil Prices On Nigeria’s Economy
The fall in the price of crude oil in the international market is sending economic and political shocks around the world. The hardest hi...
Job Losses Loom As Nigerian Naira Sells 194 To Dollar
The continuous fall in the price of crude oil in the international market and the recent devaluation of the nation’s currency, the naira, ar...
Naira Devalued, Now 168 To The US Dollar
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday bowed to pressure by devaluing the naira from N155 to N168 to the US...
Nigeria Steps Up To Try To Halt Currency’s Slide
Nigeria’s central bank intervened to support its currency after a record-breaking slide, traders said. The central bank stepped in Frida...
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