[ad_1] Debby Lawson, founder and COO of Fastizers, speaking during launch of the company’s Nibit brand. Debby Lawson, founder and COO of Fastizers, a Nigeria-based producer of cookies and snack…
Tag: naira
Fuel, naira scarcity depletes productivity, worsens inflation
[ad_1] By Gloria Nwafor (Lagos), Msugh Ityokura (Abuja) and Rotimi Agboluaje (Ibadan) | 06 February 2023 | 4:35 am Scene at an ATM gallery in Lagos……
No respite for naira at parallel market, arbitrage widens to 15%
[ad_1] Dollars. PHOTO: AFP PHOTO/Aamir QURESHI • Japa, FX rates convergence to push diaspora remittance to $26b Naira could be facing a fresh crisis as official and black market arbitrage,…
CBN begins settlement of forex forwards as Naira rebounds
[ad_1] The Central Bank of Nigeria (CBN) has begun the settlement of foreign exchange forwards to banks. The Guardian gathered yesterday at the apex bank that the CBN has indeed…
Dollar trades at discount against naira in black market
[ad_1] Photo by Arsene MPIANA / AFP •Official, black market rates at parity first time in eight years•We have not switched to complete free float, says CBN deputy Exactly a…
Worries as Naira slumps further to N1,100/$ in unofficial market
[ad_1] By Collins Olayinka (Abuja) and Benjamin Alade (Lagos) | 19 October 2023 | 4:40 am •CBN threatens banks over cheque processing errors•Economist sees apex bank…
Naira: Build productive economy with local manufacturers – Monarch
[ad_1] 17 Sep … As USA-based bizman donates N5m worth toilet facility to OKINGS Imo State governor, Sen. Hope Uzodimma has commended efforts made by individuals and corporate organisations to…
CBN directs banks on old, re-designed naira notes
[ad_1] The Central Bank of Nigeria (CBN) on Wednesday directed banks to continue issuing and accepting all denominations of Nigerian old and redesigned banknotes. The apex bank also directed its…
Dollar tumbles as naira gains at parallel market
[ad_1] The naira sustained its appreciation against the United States dollar at the parallel market as it appreciated on Friday, from N1,160 to N1,155. This represents a 0.43 percent (N5)…
Central Bank lifts timeline on old Naira notes
[ad_1] There is no longer a timeline within which old notes will be in existence for, the Central Bank of Nigeria (CBN) has said. Director, Corporate Communications of the apex…