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Currency
Currency

Naira Falls to dollar at Investors and Exporter’s Window

 Naira depreciated against the dollar at the Investors and Exporters Window on Monday, exchanging at N425.75. The figure represented a depreciation of 0.18 per cent, compared to the N425 for which it exchanged for the dollar before the close of business on July 1. Read Also: Nigerian Newspapers Headlines for July 05 2022: Top Stories You […]

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Currency

Naira Gains Marginally at Investors and Exporters Window by 0.01%

The Naira on Friday gained marginally against the dollar at the Investors and Exporters Window, exchanging at N425.00. The figure represented an appreciation of 0.01 per cent, compared with N425.05 exchanged on Thursday. Read Also: Buhari: Shiroro Attackers Will Not Go Unpunished The open indicative rate closed at N421.60 to the dollar on Friday.   An […]

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Currency News Uncategorized

Beyonce announces release date for new album, ‘Renaissance’

By Agency Report After teasing the internet with days of cryptic hints Beyonce on Thursday announced the arrival next month of her long-awaited seventh studio album “Renaissance,” the megastar’s first since 2016. Overnight the streaming service Tidal, a platform formerly owned by Beyonce’s husband Jay-Z, announced on Twitter the album would land July 29, with […]

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Currency

Naira Gains Marginally, Exchanges At 420 To Dollar

 The Naira on Wednesday appreciated at the Investors and Exporters window, exchanging at 420 to the dollar, a 0.18 per cent appreciation against N420.75 on Tuesday. The open indicative rate closed at N419.46 to the dollar on Wednesday. An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading […]

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Currency

Crypto Crash: Bitcoin Slumps Below $23,000, Lowest In 18 Months

Bitcoin tumbled Monday to an 18-month low under $23,000 in a broad cryptocurrency crash, as investors shunned risky assets in the face of a vicious global markets selloff, just seven months after the virtual unit surged to a record high. The world’s most popular crypto asset also took a heavy knock from the news that […]

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Business Currency

BTC Ban: Top African Countries Where Buy/Sell Of Crypto Is Restricted

Ethiopia is the latest African country to ban the use of crypto currencies. The central bank issued a warning that crypto currencies are being utilized to carry out unofficial financial transactions and schemes involving money laundering. Bitcoin has been controversial since its beginning in 2009, as have the subsequent crypto currencies that followed in its […]

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Currency

CBN Reviews Operations Of NIBBS Instant Payments System, Others

The CBN has reviewed upwards, the operations of the Nigeria Inter-Bank Settlement System (NIBSS) and other electronic payment operations. This is contained in a circular by Musa Jimoh, Director, Payments System Management Department of the bank. Jimoh stated that the review was in furtherance of a 2014 circular on the subject. “Banks are hereby required to […]

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Currency

Naira Drops By 0.31%, Exchanges At 420.23 To Dollar

The Naira on Monday, exchanged at 420.23 to the dollar at the Investors and Exporters window, compared to 419.02 traded on Friday, representing 0.31 per cent depreciation. The open indicative rate closed at N418.54 to the dollar on Monday. An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s […]

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Currency

Naira Depreciates Against Dollar, Exchanges At N421.50

The Naira on Monday depreciated at the Investors and Exporters window, exchanging at 421.50 to the dollar, representing 0.60 per cent, compared to 419 traded on Friday. The open indicative rate closed at N417.30 to the dollar on Monday. An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s […]

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Currency

Lack Of Patriotism Responsible for Naira Depreciation – Economist

An Economist, Dr. Tope Fasua says that some corrupt and unpatriotic officials are responsible for the continuous depreciation of the  Naira.Fasua, the  Chief Executive Officer (CEO) of an Abuja-based consultancy firm,  said this in an interview with the News Agency of Nigeria (NAN) on Sunday.He said that some business owners were also responsible for the […]

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