CBN denies Plans to Redenominate the Naira
The Central Bank of Nigeria (CBN) has denied the claims that it is planning to redenominate the Naira. There had ...
Tag: Naira
Naira Devaluation: FG plans New FX Rules by End of 2023
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured Nigerians that the ongoing ...
Make FX available at a Subsidised Rate, Petrol Marketers urge FG
...as NNPCL retains being sole importer of petrol Petrol marketers yesterday, raised concerns about the downturn of deregulation of the ...
FX Devaluation, High-Interest Rates are affecting our Businesses, Oil & Gas Suppliers lament
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) have expressed their dissatisfaction to the federal government over the ...
$3bn Emergency Loan-For-Crude Oil deployed to stabilise Naira – NEC
An affirmation has been made by the National Economic Council on Thursday that the $3bn emergency loan-for-crude oil the Federal ...
Cardoso vows to reset CBN as Naira falls to N1000/$1
Olayemi Cardoso, who was confirmed Tuesday by the Senate as governor of the Central Bank of Nigeria (CBN), alongside his ...
How FX Shortage, Naira Devaluation is affecting Construction Sector in Nigeria – Surveyors
The Nigerian Institute of Quantity Surveyors has disclosed that the construction industry is struggling with material shortages, caused by naira ...
FG Needs More Tight Policies for Naira, Economic Stability – IMF
The federal government needs additional macroeconomic tightening of fiscal and monetary policies to be able to give a chance to ...
Naira plunges to N900 Per Dollar on Tuesday
As the demand for foreign currency outstripped supply, the naira plunged to a record low of N900/$1 on the parallel ...
Currency outside Banks rose by 185% in 2023 – CBN
The Currency outside banks in Nigeria rose to N2.26trillion at the end of June 2023, according to the latest figures ...
