Tags Naira

Tag: Naira

Nigeria’s external reserve sinks to 8-month low

Nigeria’s foreign reserves plummeted further at $34.85 billion on December 14, as the Central Bank of Nigeria (CBN) continues its interventions across the various...

Few days after recovery, Naira plunges again, exchanges for N440/$

The Naira exchanged to the dollars for N440 in the parallel market on Thursday, despite the resumption of forex sales to the Bureau de...

Nigerian’s should expect “a significant devaluation” to N550/$1 – Goldman Sachs

A leading global investment banking firm, Goldman Sachs Group, this week, predicted that a significant devaluation of the naira is expected within the next 12 to 18 months.

Coronavirus: Naira plummets to N375 as dollar scarcity hits Nigeria

Scarcity of dollars has hit Nigeria in the wake of the raging coronavirus epidemic making Naira to collapse from N366/$1 to N375/$1 as speculators begin to ramp up their dollar reserve.
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Dr. Emmanuel N. Musa celebrates Valentine with orphans, less privileged, sick persons

In the spirit of love as espoused by Valentine Day, the Emnamu foundation has on Sunday reached out to orphans, people living with disability,...

Twin explosions rock PDP secretariat over councillorship primaries

Twin explosions have unsettled the People’s Democratic Party (PDP) secretariat in Port Harcourt, Rivers State. The explosion, which occurred at about 3pm Thursday during the...

Reps summon NNPC GMD over audit query of N3.878trn unremitted revenue

The House of Representatives Committee on Public Accounts has summoned the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari, to...

Nigeria’s football establishment mourn Ex-Super Eagles defender, Yisa Sofoluwe

Football lovers on Wednesday took turns to mourn the death of Nigeria's ex-defender of Super Eagles, Yisha Shofoluwe who died on Tuesday night at...