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Tag: Naira

Naira crisis: FG may demand $10bn compensation from Binance
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Naira crisis: FG may demand $10bn compensation from Binance

March 1, 2024March 1, 2024

Stephen Angbulu The Federal Government may demand over $10bn from Binance as a penalty amid moves to salvage the value of the naira. Special Adviser

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Naira drops to N2,000/1£ at parallel market
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Naira drops to N2,000/1£ at parallel market

February 19, 2024

Nigeria’s local currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market. A Bureau de Change operator at Wuse

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Naira weakens at parallel market, rises at official window
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Naira weakens at parallel market, rises at official window

February 6, 2024February 6, 2024

The naira strengthened at the official window on Monday, after the Central Bank of Nigeria Governor, Olayemi Cardoso, reassured that the apex bank was making

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Nigerians lament as cash scarcity returns to Kano, Borno
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Nigerians lament as cash scarcity returns to Kano, Borno

November 1, 2023November 1, 2023

As the December 31 deadline for the use of the old N200, N500 and N1000 banknotes approaches, scarcity of cash has been noticed in Kano

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Naira falls to new low, trades N1,040/$ at parallel market
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Naira falls to new low, trades N1,040/$ at parallel market

October 12, 2023October 12, 2023

The naira plummeted to a new all-time low at the parallel section of the market on Wednesday. Survey carried out on street traders across the

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Naira among Africa’s worst currencies, falls by 40% –W’Bank
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Naira among Africa’s worst currencies, falls by 40% –W’Bank

October 5, 2023October 5, 2023

The Nigerian naira is among the worst-performing currencies in Africa, the World Bank has said. It noted that the currency weakened by nearly 40 per

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Dollar now N876 as forex shortage worsens
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Dollar now N876 as forex shortage worsens

July 24, 2023July 24, 2023

The naira maintained its downward trend against the dollar as it traded for 876/$ at the parallel market on Sunday. Some Bureau de Change operators,

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Naira depreciates to N770.38/$ as demand pressure hits I&E
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Naira depreciates to N770.38/$ as demand pressure hits I&E

June 20, 2023June 20, 2023

The Naira yesterday depreciated by 16 per cent   to   N770.38   per dollar in the Investors and Exporters (I&E) window following a surge in demand for 

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Naira crisis: Banks ration old notes, NLC insists on seven-day ultimatum
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Naira crisis: Banks ration old notes, NLC insists on seven-day ultimatum

March 15, 2023March 15, 2023

Deposit Money Banks have begun to ration the disbursements of old N1,000 and N500 notes to their customers amid uncertainty over whether the Central Bank

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Fintech booms as naira crisis stretches banks’ digital platforms
Technology Top Stories Trending

Fintech booms as naira crisis stretches banks’ digital platforms

March 3, 2023March 3, 2023

The naira crisis and the failure of banks to rise to the occasion have prompted customers to embrace mobile money platforms. Funmi FABUNMI writes on

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District 404B-3 Int’l Lions Club honours Alimosho LG Boss as Jelili Sulaiman becomes Charter President of Alimosho Golden Lions Club

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In a remarkable display of community service and dedication to education and well-being of the residents, Foremost Humanitarian service organisation, District 404B-3 International Lions Club
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District 404B-3 Int’l Lions Club honours Alimosho LG Boss as Jelili Sulaiman becomes Charter President of Alimosho Golden Lions Club

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