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Tag: naira

Business Economy headline

Anxiety as Tinubu’s govt considers converting $30bn domiciliary deposits to naira

Iheanyi Ejiofor February 3, 2024 No Comments dollarnaira

Our reporter/ There are strong indications that the Tinubu government is mulling a policy that will result in the conversion of foreign currencies in domiciliary accounts of citizens to naira…

Read More Anxiety as Tinubu’s govt considers converting $30bn domiciliary deposits to naira
Business Economy headline Interviews

‘Naira didn’t appreciate.’ How order book manipulation made Nigeria’s currency look good last week

Iheanyi Ejiofor November 10, 2023 No Comments naira

On Friday, last week, the Nigerian stock exchange witnessed a rise in the naira’s strength as it traded between N780 and N806 for a dollar on the official window. On…

Read More ‘Naira didn’t appreciate.’ How order book manipulation made Nigeria’s currency look good last week
Business Economy headline

Naira: Tinubu will shock currency speculators – Presidency

Iheanyi Ejiofor November 8, 2023 No Comments #currency speculators#Tinubunaira

The presidency on Tuesday warned currency speculators that President Ahmed Bola Tinubu’s administration is working on policies that will strengthen the Naira. A Special Adviser to the President on Economic…

Read More Naira: Tinubu will shock currency speculators – Presidency
Business Economy headline

Why naira is firming against dollar at FX market: ABCON

Iheanyi Ejiofor November 5, 2023 No Comments dollarnaira

The Association of Bureau De Change Operators of Nigeria has said double-edged sword dollar liquidity injection and the mopping up of the naira through interest rate hikes strengthened it against…

Read More Why naira is firming against dollar at FX market: ABCON
Business Economy headline

Naira’s glory will be restored soon – Pastor Adeboye

Iheanyi Ejiofor September 4, 2023 No Comments #Adeboyenaira

Our reporter/ The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, on Sunday assured Nigerians that the naira will soon become stronger. The revered cleric, who…

Read More Naira’s glory will be restored soon – Pastor Adeboye

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