•Cardoso Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has cautioned Nigerians against spraying, hawking, and mutilating the Naira, warning that such acts amount to disrespecting the nation’s symbol of sovereignty. Cardoso, who was represented by the Acting Director, Corporate Communications Department of the CBN, Mrs. Hakama...
•Naira and Dollar notes The Naira yesterday depreciated to N1,537 per dollar in the Nigerian Foreign Exchange Market (NFEM) surpassing the parallel market with a N2. Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,537 per dollar from N1,536 per dollar on Tuesday, indicating […]...
•Bismarck Rewane Economist and Managing Director of Financial Derivatives Limited, Bismarck Rewane, has projected that the naira would trade within N1,600-N1,650 to a dollar in the near term. Rewane said this during his presentation at the June edition of the Lagos Business School Breakfast session, reports The PUNCH. The analysts who did a mi...
Nigerians are mounting pressure on the Economic and Financial Crimes Commission (EFCC) to prosecute former Niger Delta militant, Government Tompolo and the sons of billionaire businessman, Okoya for abusing the naira. These demands come a day after the Federal High Court in Ikoyi has sentenced Nigerian artiste, Babatunde Peter Olaitan, also kn...
•AY Popular Nigerian comedian and actor Ayo Makun, also known as AY, has spoken out following his recent invitation by the Economic and Financial Crimes Commission (EFCC) over an incident involving the spraying of naira, foreign currency at a public event. In a heartfelt statement released today, AY expressed gratitude to God for His mercy [&h...
•Naira and Dollar notes The Naira depreciated yesterday at the official market, trading at N1,602.18 to the dollar. Data from the Central Bank of Nigeria (CBN) website showed that the Naira lost N5.49, reports NAN. This represents a 0.34 per cent loss when compared to the N1,596.69 per dollar recorded on Wednesday, April 30, before […]...
•Naira notes The naira depreciated by 2.4 per cent and 2.6 per cent in March at both the Nigerian Autonomous Foreign Exchange Market window and the parallel market compared to the previous month. According to the latest Afrinvest Monthly Market Report titled, ‘Analysing Global and Nigerian Economies & Financial Markets’, the naira dropped ...
•Dollar and Naira notes The depreciation of the local currency against the dollar continued yesterday as the naira exchanged for 1,540.57 at the official market. This is coming against the backdrop of the increasing demand for dollars, which has seen the naira losing value against the foreign currencies, reports Daily Trust. The Central Bank o...
•Bismarck Rewane The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, said the concession of Nigeria’s major roads in deplorable condition would ultimately reduce inflation, increase productivity, and strengthen the nation’s wobbling currency, the Naira. The renowned economist stated this on Channels Television toda...
•Naira and Dollar notes The uncertainty caused by the ongoing tariff war between the United States and some countries have triggered the exit of foreign exchange outflow from Nigeria, prompting a two-week depreciation of the naira. This prompted the Central Bank of Nigeria, CBN, to intervene in the forex market last week, selling up to [&helli...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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