The naira recorded three consecutive days of appreciation against the dollar in the parallel foreign exchange market, ending the week on a high note on Friday. This comes as a Bureau de Change operator in Wuse Zone 4, Abuja, revealed that the naira strengthened to N1,565 per dollar on Friday, up from N1,570 on … Read more
The Naira further appreciated in the official market on Friday, trading at N1,474.78 to the Dollar. Data from the FMDQ Securities Exchange official forex trading platform revealed that the Naira gained N11.17. This represents a 0.7 per cent increase compared to the previous day’s trading figure on Thursday, when the local currency closed at N1,485.95 … Read more
The Naira further appreciated at the official market on Wednesday, trading at N1,510.72 to a Dollar. Data from the FMDQ Security Exchange official forex trading platform revealed that the local currency gained N11.96. This represented a 0.78 per cent gain, compared to the trading figure on Tuesday, when the Naira closed trading at … Read more
The Naira appreciated at the official market on Tuesday trading at the N1,522.68 to a Dollar. Data from the FMDQ Security Exchange official forex trading platform revealed that the local currency gained N10.95. This represents a 0.7 per cent gain when compared to the trading figure on Monday when Naira closed trading at N1,533.63 to … Read more
The phrase “It’s the economy, stupid” gained prominence during Bill Clinton’s successful 1992 U.S. presidential campaign, thanks to strategist James Carville. It served as a directive to campaign staff, urging them to focus on key economic issues to sway voters. In a similar vein, the title of this piece—“Detty December: It’s the Currency … Read more
The Naira recorded a slight loss at the official market on Wednesday, trading at N1,539.39 per dollar. Data from the Central Bank of Nigeria (CBN) showed that the Naira closed the trading session at N1,539.39 to the dollar. This represents a slight loss as the local currency traded on Tuesday at N1,534.16 per … Read more
The Central Bank of Nigeria (CBN) has again released an update and clarified on the use of old Naira notes in the country. TheNewsGuru.com (TNG) reports the apex bank to have made the clarification on Friday in a statement released by Hakama Sidi Ali (Mrs.), CBN’s Acting Director of Corporate Communications. The central bank in … Read more
With barely two weeks until Christmas and the subsequent new year celebrations, getting cash in Kaduna, Kano and Katsina States has now become an extremely herculean task. Residents in the State have bemoaned the obnoxious situation which was reminiscent of a similar ugly development during the 2022 yuletide season. The distrausted residents have … Read more