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Naira records second straight depreciation against US dollar

Jude Melvin Jones December 5, 2025

Nigeria The naira recorded depreciations against the United States dollar at the official foreign exchange market on Thursday. Data from the Central Bank of Nigeria showed that the naira further weakened to N1,447.83 against the dollar on Thursday, down from N1,447.65 traded on Wednesday. This

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Nigerian Govt ends paying contractors in Dollar

admin July 27, 2025

Nigeria Dooyum Naadzenga In a sweeping move set to ripple across the corridors of Nigeria’s public administration, the Federal Government has banned all Ministries, Departments, and Agencies (MDAs) from entering into contracts denominated in foreign currency—heralding a bold new era of fiscal discipline and economic sovereignty. Syntax of Discipline: Naira Now Rules

Business

Naira appreciates against dollar

Kingsley Chukwuka June 21, 2025

Nigeria The naira appreciated against the dollar at the official foreign exchange market on Friday, ending a three-day depreciation streak. Data from the Central Bank of Nigeria showed that the naira strengthened to N1,547.36 against the dollar on Friday, compared to N1,549.41 recorded on Thursday. This indicates a gain of N2.05 against the dollar on […]