Tag: Naira

A Dollar Will Hit N5,000 …, By Sijibomi Adebiyi Benet

ADEOLA YUSUF

Beyond curses and destructive criticism; A public policy analyst and real estate expert’s contribution to Platforms Africa’s “Helping Nigeria to Succeed Series.”   The opinion in this write-up is entirely mine, and it is based on my personal understanding and study. It is STRICTLY for minds that are devoid of bias, election hangover & bitterness. I am not oblivious to the fact that some are hyperventilating out of negative enthusiasm of “their eyes go/don clear”‘ ; for such, this post is not for you but for the open and objective…

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Naira Appreciates To N791/$1 In Official Market

Ganiyu Amodu

The Nigerian naira appreciated against the United States American dollar, closing at N791.75/$1 at the official market. According to data from the FMDQ Securities Exchange, the naira rose by 5.87 per cent or N49.39 compared to the previous day’s rate of N841.14/$ at the Nigerian Autonomous Foreign Exchange Market. The naira’s gain was, however, expected due to the recent move of the Central Bank of Nigeria to clear some of its FX backlog. Investors’ highest bid for the dollar was N1120/$1, while the intraday low was N701/$1, representing a wide…

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Naira, Fuel Crises Protest Spreads To Ondo

Abibat Babalola

Some residents in the Ore area of Ondo State, on Tuesday, staged a peaceful protest along the Ore-Benin Expressway against the scarcity of naira notes and fuel ravaging the nation. Travellers plying the popular expressway were left stranded along the route as the protest caused gridlock for hours. Speaking during the demonstration, one of the protesters, said the recent hardship ravaging the country is quite alarming. “We are protesting to send a message to the government, that we the masses are suffering,” he said. READ ALSO: Again, Gunmen Attack CUPP…

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Buhari Disowns Finance Minister, Backs Emefiele On New Naira Notes

Aliyu Aliyu

President Muhammadu Buhari has said that the decision of the Central Bank of Nigeria (CBN) to launch new designs and replace high value Naira notes had his support and is convinced that the nation will gain a lot by doing so. This is against the impression given by the minister of finance, Zainab Ahmed, who said her ministry was not briefed about the plan. READ ALSO: BREAKING: Finance Minister Rejects CBN’s Plan to Redesign Naira CBN Doesn’t Need to Consult Anyone to Redesign Naira, Emefiele Replies Minister Naira Redesign’ll Make Kidnappers Ask…

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