Naira to Dollar today

Naira exchange rates: SON Nabs Importer Over Expired Household Consumables

A dealer, who stored expired household products piled up in two buildings at different locations has been arrested by the Standards Organization of Nigeria (SON). Things discovered in the buildings include items suitable for use at home, imported by Julf Ventures Limited. This finding is made just two months after expired products were found in […]

Naira exchange rates: Proposed N5 Petrol Levy Huge Joke – NUPENG

The senate recently proposed a N5 petrol level, and this has caused reactions in the country. One of such groups to react to this is the NUPENG (Nigerian Union of Petroleum and Natural Gas Workers). The NUPENG has described it as a very big joke. Such proposals, if approved, would have an impact on the […]

Naira exchange rates: Nigeria Secures Second Exclusion From OPEC Output Freeze

According to Dr. Ibe Kachikwu, who is the Minister of State for Petroleum Resources, again, Nigeria has made the members of the Organization of Petroleum Exporting Countries (OPEC) led by the Russian Federation to exempt it from having limits to the volume of oil production within the extended agreement on production freeze. This, at the […]

Naira exchange rates: Banks Reduce Lending To Economy By N115bn In Q1

In the first three (3) months of 2017, banks have been noticed to have reduced by N115 billion, their lending to the economy. This figure is so, even as Nigerians used the ATM to have withdrawn N1.5 trillion within the said period. The Naira exchange rates / the Dollar to Naira black market are also […]

Naira exchange rates: Economy Actualizes Double Digit Growth Rate

The monetary policy committee of the CBN should put into action steps that will enable it actualize its explicit charge of stabilizing the Naira exchange rates and also the economy. According to the 2017-19 Medium Term Expenditure Framework and Fiscal Strategy Paper that was released in the eight month of 2016, there was a growth […]

Naira exchange rates: Traders Lament High Cost of Rent, Food Items

Few days back, there was a surprise visit to Garki Model Market located in the Federal Capital Territory (FCT), Abuja, by the acting president, Yemi Osinbajo, who was accompanied by presidential aids. This was necessary since the Naira exchange rates are very unstable, and the economy is unfriendly to businesses, especially startups. The Dollar to […]

Naira exchange rates: Foreign Currency Transactions Fall By 58%

Forex is scarce, and this has caused the Naira exchange rates, to dwindle, and the Naira to lose its value against the currencies of other countries. Because of this, there is a steady decline in foreign currency transactions. According to a report by CNB, from N2.45bn in 2015 to N1.02bn in 2016, the value of […]

Naira exchange rates: SON Nabs Importer Over Expired Household Consumables

A dealer, who stored expired household products piled up in two buildings at different locations has been arrested by the Standards Organization of Nigeria (SON). Things discovered in the buildings include items suitable for use at home, imported by Julf Ventures Limited. This finding is made just two months after expired products were found in […]

Naira exchange rates: It Is Very Difficult To Do Business In Nigeria, Expert Laments

Mr. Jean Bakole, who is Regional Director, Nigeria Regional Office Hub, and also the UNIDO representative to ECOWAS told newsmen that Nigeria is in low status and performs poorly when it comes to ease of doing business. According to reports, it ranked 169th out of 190 countries. In Africa alone, out of 52 countries, Nigeria […]

Naira exchange rates: Budget Delay, Low Investment, Input Cost Take Toll On Food Prices

Food prices are rising, and this is caused by high cost of farm inputs, slow passage of annual budgets, low investment in agriculture, unstable Naira exchange rates, and other factors. This has made it hard for most Nigerian homes to buy foods. The agricultural outputs in the country is low, since there isn’t much investment […]

Naira exchange rates: Nigeria Records $908m Capital Inflow In Q1

The first quarter, which ended March this year, seems a boost to the economy. According to capital importation report, Nigeria set a record of $908 million capital importation. This has an impact on the Naira exchange rates, which is struggling to gain grounds. Recall that the recession Nigeria is facing is making the Dollar to […]

Naira exchange rates: Inflation Declines but Prices Remain High

From statistics released by the National Bureau of Statistics (NBS), there is a continuous decline in inflation rate within the last few months, and this means a fall in price. However, when you go to the market, things aren’t so with traders, who are complaining. As it is now, the Naira exchange rates isn’t favoring […]

Naira exchange rates: Imports Make Us Rich

Since the inauguration of the Buhari led APC government, the Naira exchange rates have been unstable and Nigerians have always been reminded that importation of goods which can be manufactured in the country is evil. The minister of agriculture, Audu Ogbeh often tells newsmen that the rate of importation into the country is too much. […]

Naira exchange rates: no need for Nigerians to go abroad for health treatment

There is serious reforms going on in the health sector of the economy to ensure that primary, secondary and tertiary healthcare systems is repositioned so as to enable all Nigerians have easy access to health care in the country. Experts have also pointed out that there is need to reduce the number of people travelling […]