Tag Archives: Dollar

President Tinubu has kept to his campaign promises to continue from where Buhari stopped and has done very well. Dollar, fuel, diesel, food prices have all gone up – Peter Obi

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 …

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EFCC stops dollar transactions, asks embassies to charge in naira

EFCC stops dollar transactions, asks embassies to charge in naira

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 …

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Those who want the Naira to be N400 to the Dollar are living in a dream world ? Former CBN deputy governor, Kingsley Moghalu, says

Those who want the Naira to be N400 to the Dollar are living in a dream world ? Former CBN deputy governor, Kingsley Moghalu, says

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.  …

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Naira exchanges at N1,534 to a dollar for the first time in official market

Naira exchanges at N1,534 to a dollar for the first time in official market

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 …

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FG will shock speculators hoping dollar value will increase against Naira – VP Shettima

FG will shock speculators hoping dollar value will increase against Naira - VP Shettima

The new monetary policies of the Bola Ahmed Tinubu administration and the Central Bank of Nigeria (CBN) will shock Dollar-Naira speculators, Vice President Kashim Shettima has said. Speaking at the lecture/launch of a book titled: “Cowries to Cashless,” which coincided with the 65th anniversary of the Central Bank of Nigeria …

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TX crypto boss, Sam Bankman-Fried convicted of multi-billion dollar FTX fraud

TX crypto boss, Sam Bankman-Fried convicted of multi-billion dollar FTX fraud

A federal jury in New York has convicted FTX founder Sam Bankman-Fried of defrauding customers of his now-bankrupt cryptocurrency exchange.      The 31-year-old former billionaire was accused of stealing billions from FTX customers and investors in one of the biggest financial frauds in US history.     Bankman-Fried, who will be …

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