Tag: Naira
Naira among worst performing currencies in Africa – World Bank
The World Bank says the naira is among the worst-performing currencies in sub-Saharan Africa in 2024.
In its regional economic outlook report ‘ [...]
Naira among 10 worst performing currencies globally
Nigeria’s local currency, the naira, is among the 10 worst-performing currencies in the world.
Out of the 10 worst-performing currencies, five [...]
Naira now worst performing currency in the world – Report
Nigeria’s naira has experienced a reversal in its recent gains, emerging as the world’s worst-performing currency over the last month.
This dev [...]
EFCC files three-count charge against Cubana Chief Priest for spraying, tampering with the Naira
The Economic and Financial Crimes Commission, EFCC has filed a three-count charge against popular nightlife entrepreneur, Pascal Okechukwu also known [...]
Excess money printed during Buhari’s administration responsible for depreciation of naira – Alex Otti
Abia State Governor Alex Otti has lamented the dramatic depreciation of the naira, whose cause he attributed to the excess money printed by the Federa [...]
Nestle Nigeria records N79bn loss after investing N61bn to expand operations
Beverage company, Nestle Nigeria has recorded N79 billion loss after tax even as it had made a heavy investment to improve profitability and expand it [...]
More Naira notes as banks get old notes deposited with CBN
Reliable sources in the Central Bank of Nigeria, CBN said banks have been instructed to collect the old Naira noted they deposited in CBN and that bef [...]
Naira Marley: Execujet CEO begs FG says, “I didn’t know they were useless people”
Execujet Services Limited, a private jet operator owned by socialite and businessman, Sam Iwuajoku, has tendered an apology for flying Azeez Fashola, [...]
Naira further crashes to N425/$1
As the price of crude oil continues to slump, the downward slide of the naira in the parallel market appears not to end anytime soon, and as such, pre [...]
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