Tag Archives: Dollar

The dollar-to-naira exchange rate on Thursday, July 18, reached N1,615 on Nigeria’s foreign exchange black market.   A quick check by LIB on the streets of Lagos showed that dollar was bought between N1560- N1590 and sold between N1600 and N1615. According to FMDQ data, the Naira fell to N1,581.65 …

Personnel from the Department of State Services (DSS) conducted a raid at the residence of a suspected hardened terrorist in the Gbeganu area of Minna, Niger State.   The raid, which took place on Wednesday, July 11, 2024, caused fear among residents in the area.   Sources familiar with the …

The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of the United States of America Dollars.   In a circular issued by the Ag. Director of Currency Operations Department of CBN, with reference: COD/DIR/INT/CIR/001/017, the apex bank said its …

I can assure, politicians will flood the wedding, these guys don’t give a fuck about you. The rich don’t give a fuck about you, ask yourself why most of your artistes don’t criticise these thieves, they roll with them, they dine with them, is Sryo Tinubu not Davidp friend, is …

Peter Obi has shared his thoughts on the performance level of the Bola Tinubu administration.  Obi was a guest on Arise TV this evening where he was asked to rate the Tinubu government.  ‘’President Tinubu has kept to his campaign promises. Throughout the campaigns, he consistently maintained that he will …

The Economic and Financial Crimes Commission has barred foreign missions based in Nigeria from transacting in foreign currencies and mandated them to use Naira in their financial businesses.   The EFCC has also mandated Nigerian foreign missions domiciled abroad to accept Naira in their financial businesses.   The anti-graft agency …

Bureau de Change operators in Abuja have dismissed online reports that a US Dollar is exchanging for between N900 and N1,000 in the FCT.  There have been viral posts on Facebook and X that the dollar was selling at N1,000 at the Wuse Zone 4 district headquarters of the forex …

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria, has said that those who want the Naira to be N400 to the Dollar are living in a dream world.  Taking to his X account, Moghalu explained that the exchange rate should reflect its market value in reality.  …

Lawyer and human rights activist, Mike Ozekhome, SAN, is of the view that the dollar may exchange at N4000 under the Tinubu-led government, before the year ends.   Ozekhome who was a guest on Channels TV on Tuesday, February 27 said President Tinubu and his team should urgently find ways …

The closing exchange rate between the naira and dollar on the official NAFEM market reached N1,534/$1 on Monday, February 12th, 2024, marking the weakest performance ever recorded for the naira against the dollar at the end of a market, according to Nairametrics.   According to the Financial Literacy Website, throughout …