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Review forex ban on 40 items to save naira, economists tell...

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The Centre for the Promotion of Private Enterprise, an economic think tank, has advised the Central Bank of Nigeria to review its ban on...

Naira Crashes Against Dollar…See Latest Exchange Rate

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Naira has crashed against the dollar at the parallel market on Wednesday. According to Premium Times, at the parallel market in Uyo and Abuja, dealers...

Naira Loses Against Dollar…See Latest Exchange Rate

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Naira has recorded a loss against the dollar at the official market on Monday. According to Premium Times, this came after the local unit recorded...

Dollar shortage: Foreign airlines stop ticket sale to Nigeria-bound travellers

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As dollar shortage in the Nigerian economy continues to hit the air travel industry harder, foreign airlines flying into the country have stopped local...

Naira and Dollar Exchange Rate Today

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The Nigerian naira on Thursday depreciated against the dollar at the official investors and exporters window to close at N415.1/$1. The loss represented a 0.07%...

Naira Depreciates Against Dollar…See Latest Exchange Rate

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The Nigerian naira on Monday recorded a loss against the dollar at the parallel market. The naira exchanged N570/$1 compared to N565/$1 recorded as of...

Naira Weakens at Official Market Despite 122% Rise in Dollar Supply,...

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The Nigerian Naira marginally depreciated against the US dollar to close at N415.10/$1 on Tuesday at the Investors and Exporters window. This represents a 0.01%...

Buhari launches eNaira

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The President, Major General Muhammadu Buhari (retd.), on Monday, launched the eNaira platform. The eNaira is a culmination of several years of research work by...

Naira and Dollar Exchange Rate…See Latest Update

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Naira sold N574.00 to a dollar at the black market in Abuja on Monday, according to Premium Times. However, at the official market, the naira...

Why we halted planned petrol price hike, by Buhari

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Sustained opposition by organised Labour forced Federal Government to suspend increases in petrol pump price, President Muhammadu Buhari said yesterday. He also explained why Nigeria’s...

Nigeria serviced debt with N1.47tn first half 2021 – DMO

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Nigeria spent N1.47tn on debt servicing payments in the first half of 2021, data obtained from the Debt Management Office have shown. In the first...

VAT row threatens Fed Govt’s N8.36tr 2022 revenue target

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The controversy over the Value Added Tax (VAT) may derail the Federal Government’s projected N8.36 trillion 2022 revenue should the matter be resolved in...

Dollar hits N575 two days after Aboki FX update suspension

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The dollar rose to between N572 and N575 in different parts of the country on Monday barely two days after online platform, Aboki FX,...

Exchange Rate: CBN To ‘Shut Down’ Popular Aboki FX Website

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According to a report by The PUNCH, the Central Bank of Nigeria has said that it will shut down the operations of Aboki FX,...

Naira hits all-time low of 543 against dollar

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The naira on Thursday continued its downward spiral on the parallel market, selling for N543 to the dollar on Thursday, The PUNCH has learnt. While...

Presidency, PDP differ as regime lists Buhari’s achievements

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THE Presidency and the Peoples Democratic Party on Sunday disagreed as it (Presidency) flaunted policies and projects began and completed in the last six...

2022 budget: FG to borrow N4.89tn, says finance minister

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The Federal Government plans to borrow about N4.89tn from internal and external sources to finance the deficit in its proposed 2022 budget of N13.98trn...

Forex supply: Banks’ documentation process cumbersome, says FDC

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The Financial Derivatives Company Limited has described the documentation process required by banks for the sale of foreign exchange as cumbersome, saying this will...

Petrol subsidy may gulp N2tn this year –Rainoil boss

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Nigeria may end up spending N2tn on petrol subsidy this year if the current situation persists, the Group Managing Director, Rainoil Limited, Dr Gabriel...

Naira slides to 505/$ as CBN stops forex sale to BDCs

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The naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on Tuesday announced the discontinuity...