Naira depreciates against US dollar
The Naira recorded depreciation against the dollar at the official foreign exchange rate market on Wednesday. The Central Bank of Nigeria’s data showed that the Naira dropped to N1,494.03 per…
BREAKING: Dangote Refinery Announces Suspension Of Petrol Sale In Naira
The Dangote Petroleum Refinery said it has temporarily halted the sale of petroleum products in naira. The refinery announced the decision in a statement on Wednesday. The development…
FG set to ban naira from all crypto trading platforms
The Federal Government, through the Securities and Exchange Commission, is set to delist the naira from all peer-to-peer crypto platforms as the government steps up efforts to tackle exchange rate…
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BREAKING: EFCC arrests cross-dresser Bobrisky
The Economic and Financial Crimes Commission (EFCC) has arrested controversial cross-dresser, Idris Okuneye popularly known as Bobrisky, over abuse of naira, spraying of notes and currency mutilation. He was reportedly…
Convert your dollar to naira now, Reno Omokri advises
Social commentator Reno Omokri has warned dollar holders to convert the currency back to the naira. He argued that the naira is bound to increase in value even more when…
JUST IN: CBN denies plans to convert $30bn domiciliary deposits to naira
The Central Bank of Nigeria (CBN) has denied planning to convert $30bn domiciliary deposits to naira. There had been reports that in a bid to rescue the naira, the Federal…
