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Don says naira appreciation has no connection with US election – Vanguard

Abuja – Prof. Park Idisi, a Lecturer, Department of Agriculture, University of Abuja, said naira appreciation against the dollar had nothing to do with Donald Trump’s victory. Idisi said on Thursday in Abuja that the speculation going round that Trump’s victory strengthened the naira should be discarded. According to him, naira is appreciating due to […]

Nigerian clampdown on black market Forex dealers to stop slide of naira – Naija247news

Nigerian security agents raided the offices of black market currency dealers on Thursday, detaining some dealers and ordering others to sell dollars at a lower rate in a bid to break the fall of the currency, dealers said. The central bank has been unable to stop the naira’s slide on the black market, where importers […]

Nigerian security agents raid black market FX dealers to stop sli… – Reuters

(Adds comments from dealers association) By Oludare Mayowa LAGOS Nov 10 Nigerian security agents raided the offices of black market currency dealers on Thursday, detaining some and ordering others to sell dollars at a lower rate in a bid to break the fall of the currency, dealers said. The central bank has been unable to […]

Nigerian Police, DSS raid black market Forex dealers to stop slide of Naira – Daily Trust

Nigerian security agents raided the offices of black market currency dealers on Thursday, detaining some and ordering others to sell dollars at a lower rate in a bid to break the fall of the currency, dealers said. The central bank has been unable to stop the naira’s slide on the black market, where importers […]

Nigerian security agents raid black market FX dealers to stop slide of nai… – Reuters

By Oludare Mayowa | LAGOS LAGOS Nov 10 Nigerian security agents raided the offices of black market currency dealers on Thursday, detaining some dealers and ordering others to sell dollars at a lower rate in a bid to break the fall of the currency, dealers said. The central bank has been unable to stop the […]

Nigerian undergraduate arrested for internet fraud – Premium Times

The Ibadan Zonal Office of the Economic and Financial Crimes Commission has arrested one Obohor John Damilola for Internet fraud. Mr. Damilola, a 26-year-old student of Ekiti State University, Ado-Ekiti, fleeces unsuspecting victims on military dating sites while posing as Nigeria-based US Army Officer by the name Sergeant Frank Mcghee. At the point of arrest, […]

Nigerian parliament orders crackdown on promoters of 'MMM' scheme – Premium Times

The House of Representatives on Wednesday called on law enforcement agencies to track down promoters of a “questionable” investment scheme popularly known as ‘MMM.’ The lower chamber also mandated its committees on banking and currency and financial crimes to investigate the scheme. The MMM is a deposit money scheme that promises a 30 per cent […]

Trump's Victory Cannot Revive the Naira – Economist tells Nigerians – Nigerian Bulletin

The election victory of Donald Trump as U.S. president-elect would not affect the Naira. An economist and an analyst told News Agency of Nigeria (NAN) on Wednesday that Nigeria should focus more on policies that would revive the economy. Mr Okechukwu Unegbu, former Managing Director of Citizens Bank, said “the crash of U.S. markets before […]

Naira Steady As Shock of Trump Presidency Hits Global Markets – Nigerian Bulletin

Nigerian naira remained steady despite shock at global markets as Republican candidate, Donald Trump coasts victory at the just concluded US presidential election. The US dollar fell by over three percent to the Japanese yen, while the Mexican Peso crashed to fresh record lows against the US dollar and the euro, with fears that a […]

Naira Rebounds, Gains Across Markets as Donald Trump Win US President – Nigeria Today

The Nigerian Naira rebounded against the US dollar across all the forex segments on Tuesday, after previously reaching a record low of N350.22 at the interbank market on Monday, according to the Investor King. The local currency improved N44.95 at the interbank market window to close at N305.27 to a dollar, from Monday’s record-low of […]

Trump victory is 'good' for the naira – TheCable

Donald Trump victory is good for the naira, and many other countries around the world, the markets have shown. A Trump victory is seeing a plunge in the US dollar, and a record fall in the Mexican Peso, which has lost over 12 percent in the past 24 hours. The US dollar has fallen by […]

Trump victory 'is good for the naira' – TheCable

Donald Trump victory is good for the naira, and many other currencies around the world, the markets have shown. A Trump victory is seeing a plunge in the US dollar, and a record fall in the Mexican Peso, which has lost over 12 percent in the past 24 hours. The US dollar has fallen by […]

Naira appreciates against dollar – Premium Times

The Naira on Tuesday appreciated against the dollar in all the segments of the forex market, the News Agency of Nigeria, NAN, reports. The currency gained N44.95 to exchange at N305.27 to the dollar at the interbank market after its Monday record of N350.22. At the parallel market, the naira gained N5 to exchange at […]

Business Naira Rebounds As CBN Pumps $1.5m Into Forex Market – Nigerian Bulletin

Nigeria’s naira fell briefly to a new low against the dollar on the official market on Tuesday but rebounded after the central bank pumped $1.5 million into the market to stabilise the battered currency, traders said. The currency weakened to a record low of 375.50 to the dollar at 1014 GMT, according to Thomson Reuters […]