NAIRA Archives - Page 2 of 4 - Global Upfront Newspapers

Naira Meltdown Continues, Now N1,600/$1 A Parallel Market, Despite CBN’s Efforts

Global UpfrontFeb 16, 2024February 16, 20240

The meltdown of Nigeria’s official currency, Naira, continues as crumbled at the parallel market segment of the currency market at midday of Thursday, February 15,

EFCC Raises Special Task Force Against Dollarization of Economy, Mutilation of Naira, Arrest Some Perpetrators

Global UpfrontFeb 7, 2024February 7, 20240

The Economic and Financial Crimes Commission (EFCC) on Wednesday announced the institution of a Special Task Force in all its Zonal Commands for the enforcement

Naira Free Fall: As Things Fall Apart…Has Olayemi Cardoso Played His Last Card?

Global UpfrontJan 31, 2024January 31, 20240

Olayemi Cardoso’s butts are scorched red right now. His appointment as the Governor of the Central Bank of Nigeria (CBN) thrust him into the core

Naira Crashes To N1,405 In Parallel Market, N900.96 At Official Market

Global UpfrontJan 26, 2024January 26, 20240

Nigeria’s official currency, the Naira, continues its downward swing as it depreciated on Thursday to N1,405 per dollar in the parallel market, from N1,375 per

Naira Records Worst Year Since 1999 Return Of Democracy In Nigeria, Crashes To All-time Low Of N1043.09/$1 At Official Market– Report

Global UpfrontDec 30, 2023December 30, 20230

Naira has been rated among the world’s worst performing currencies in 2023, Bloomberg said in its latest report. It said the currency is poised for

Naira Falls To N1205/$ In Parallel Market, Gains 21% In NAFEM

Global UpfrontDec 12, 2023December 12, 20230

Nigeria’s national currency, the Naira on Monday depreciated to N1,205 per dollar in the parallel market from N1,185 per dollar recorded last Friday. However, at

Concerns Mount over Naira’s Free Fall Against US Dollar

Global UpfrontDec 11, 2023December 11, 20230

There was growing frustration over the continued depreciation of the naira against the dollar at the weekend, with the local currency weakening to N1, 099

Nigeria: Naira Slides To N1,175/$ In Parallel Market

Global UpfrontOct 20, 2023October 20, 20230

Nigeria’s currency, Naira on Thursday depreciated to N1,175 per dollar in the parallel market, from N1,100 per dollar on Wednesday. However, the Naira appreciated in

‘You Goofed Full-time,’ Fell Into Trap Of Subsidy Racketeers, Ex-Minister Dalung Tells Tinubu

Global UpfrontOct 9, 2023October 9, 20230

Former Minister of Sports and Youth Development, Solomon Dalung, has accused President Bola Tinubu of falling prey to fuel subsidy criminals. Dalung, who spoke in

Naira Crashes, Crashes To N1,000/$ In Black Market

Global UpfrontSep 22, 2023September 22, 20230

Nigeria’s foreign exchange crisis worsened on Thursday as a dollar exchanged for over N1,000 at the parallel market. Survey at popular black markets in