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TheĀ Economic and Financial Crimes Commission, EFCC is one agent of the government that’s saddled with the major job of fighting financial crimes. Lately, with all the good works they may have been doing, majority of Nigerians especially the youths think they are only trying to replace the defunct most dreaded SARS. Their modus operandi is
TheĀ Naira yesterday depreciated in the parallel market to N1,525 per dollar from N1,520 per dollar last weekend. However, the Naira appreciated to N1,339.33 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. READ ALSO :Again, TotalEnergies snubs Nigeria, announces $600 million investment deal in Congo Data from FMDQ showed that the indicative
The APC and her supporters seem to be celebrating the recent dollar “supposed – gain” at N1,400. Most Nigerians, especially the well meaning Nigerians found it rather amusing and unfortunate. You’d recall that APC ousted PDP and inherited Dollar to Naira at 180 naira.. The calamitious Buhari used 8 years to spike the dollar from
The Central Bank of Nigeria has over $300m to Deposit Money Banks in the last two weeks amid desperate efforts to stabilise the naira-dollar exchange rate. The Association of Corporate Treasurers of Nigeria made the disclosure in an advisory memo made available to its members, a copy of which was obtained by The PUNCH. The
The NairaĀ fell to a new all-time-low of N1,720/$ at the parallel market on Monday, according to the data on abokiFX. This represents 3.61% decline from the N1,660/$1 it closed on Friday at the parallel market and a further fall from the N1,600/$1 it closed on Thursday. The naira also fell to N2,125 against the British
There is no end in sight to the lingering foreign exchange crisis as dollar crossed over N1,500 at the official market. TheĀ dollar closed at 1,534.39 at the official market on Monday, according to the FMDQ data. This is the first time the dollar would be exchanging at over N1,500 since the crisis putting more pressure
The Nigerian currency is currently crying š¢, Help.. Help…. Somebody help..!!!! Unfortunately, Tinubu the master strategist that’s supposed to help the Poor Naira is out of the country to France š«š·…. The visit has nothing to do with the economy but a private one. Good Afternoon, Nigerians…!!! Thu 25 Jan, 2024 ā¢ 09:00 AM šµ
Nigerians are becoming more aware and increasingly interested in what’s happening in the central government. The current FOREX magic you’re seeing is a calculated strategy by the government to provide temporary relief. Read what a popular Bitcoin dealer known as @BitcoinChief wrote few days ago about what’s currently happening in Nigeria… Nigerian Politicians heavily
Nigeria has officially floated its naira after years of sticking with a hard peg that scared away investors and drained the countryās external reserve. This floating means buyers and sellers of foreign currency in the official FX market are now allowed to quote rates they find comfortable, as against previous practice where rates were dictated
Nigeria has officially floated its naira currency after years of sticking with a hard peg that spooked investors and drained dollars from the economy. The development means buyers and sellers of foreign currency in the official FX market are now allowed to quote rates they find comfortable in the FX market, as against previous practice