•Naira notes A Federal High Court sitting in Ilorin, Kwara State, has jailed a 46-year-old Bureau De Change (BDC) operator, Muhammed Inuwa, for six months for rejecting naira as a legal tender. The BDC operator was prosecuted by the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) as part of its renewed […...
•Dollar and Naira notes The naira is losing gains, dropping to ₦1,483/$ this morning after remaining stable in late November, as importers and retailers are actively sourcing dollars to prepare for Christmas and New Year’s sales. The naira weakened after the dollar was quoted at ₦1,454. 38/$ yesterday, compared to ₦1,448. 43/$ on Monday in [&h...
The British pound traded at about ₦1,895 against the Nigerian naira in official markets today, Thursday, November 13, 2025, while dealers in the parallel (street) market quoted between ₦1,900 and ₦1,930 per £1, signaling a small gap between official and informal rates as market participants weigh demand for foreign currency. Key rates NFEM / C...
•Trump Nigeria’s financial markets began November 2025 on a sour note as the naira and equities weakened sharply following remarks by United States President Donald Trump, who threatened possible military action against Nigeria over alleged religious persecution. Data from the Central Bank of Nigeria showed that the naira, which had traded at ...
•Taiwo Oyedele Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has said the proposed 5% fuel surcharge (tax) will not be implemented until there is a significant improvement in key economic indicators, particularly an appreciation of the naira or a fall in global crude oil prices. Speaking at the [&h...
The Dangote Petroleum Refinery has suspended the sale of petrol in naira, a move that has unsettled fuel marketers and heightened concerns over possible pressure on pump prices and the foreign exchange market. In an email sent to customers at 6:42 pm yesterday, the refinery announced that the suspension will take effect from tomorrow, Sunday, ...
•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...
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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