•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...
•Tinubu The Tinubu-led federal government has spent approximately $8 billion to stabilise the naira, the Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has said. Rewane also serves on the Board of the Nigerian Economic Summit Group among other entities, reports Daily Trust. His claim is coming amidst the celebrated ...
•Precious Uzondu The Economic and Financial Crimes Commission (EFCC) today, Wednesday, February 5, 2025, arraigned Precious Uzondu on a two-count charge bordering on alleged refusal to accept naira as a legal tender before Justice A.O. Owoeye of the Federal High Court sitting in Ikoyi, Lagos. One of the counts reads: “That you, Precious Chimao...
•US Dollar notes and Naira notes The Naira depreciated at the official market yesterday, trading at N1,495.60 to a dollar. Data from the FMDQ Security Exchange official forex trading platform revealed that the Naira lost N20.82. This represents a 1.4 per cent loss when compared to the previous trading day on Friday, January 31, when […]...
•Naira and Dollar notes The Naira yesterday depreciated to N1,660 per dollar in the parallel market from N1,655 per dollar on Monday. But, the Naira appreciated to N1,549 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for Nigerian Foreign Exchange Market [&h...
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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