The naira weakened for a third straight day after hitting three-month highs, amid deteriorating domestic dollar liquidity after Nigeria’s foreign exchange reserves declined to a seven-year...
On Friday, April 12, 2024, the naira witnessed a significant surge in value on the official market, reaching a trading rate of N1,142.38 against the dollar....
Following a three-day holiday break, one dollar sold for N1,125 on the streets on Friday, April 12, 2024, indicating a moderating decline in demand. The currency...
The Economic and Financial Crimes Commission (EFCC) has filed 6 counts charged against crossdresser Idris Olanrewaju Okuneye popularly known as Bobrisky on Thursday, April 4, 2024....
A video allegedly showing controversial crossdresser Bobrisky abusing Naira notes have emerged just hours after his detention. Bobrisky was summoned by the EFCC following the release...
There is no respite for the Nigerian local currency as the exchange rates continue to worsen due to scarcity of foreign currency inflows scarcity challenges. The...
A Nigerian actress has been sentenced to six months imprisonment for tampering with the currency after she was filmed spraying and stepping on newly issued naira...
The Nigerian naira popped to N770.71 per United States (US) dollar and other major foreign currencies on Wednesday after two days of losing streaks as a...
The naira yesterday depreciated at both official and parallel markets, where it exchanged at N780/$ and N950/$ respectively. The local currency had closed at N758/$ at...
Many people think that the US dollar is the strongest currency in the world. The US dollar is the most traded in terms of margin, but...
