naira decline
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![Today's Naira Rate[16-11-2024]: Nigerian Naira Faces Steep Decline, Parallel Market Hits N1,750/$](/data/attachments/210/210283-5e995ef978efd380c57591c54b3dddf2.jpg?hash=FHqxQvjPSE)
Nigeria Today's Naira Rate[16-11-2024]: Nigerian Naira Faces Steep Decline, Parallel Market Hits N1,750/$
The naira failed to hold the N1,650/$ support line in the official market, closing at N1,652.25/$1. Despite Nigeria’s growing foreign exchange reserves, the currency remains weak due to factors like inflation, low oil production, and high demand for U.S. dollars, contributing to rising import...- Nigeria News
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- 2 min read
- foreign exchange reserves nafex naira decline nigerian currency
- Category: Business
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Nigeria Double Standard? EFCC Under Fire for Ignoring Politicians' Luxury Spending While Scolding Nigerians Over Naira
The Economic and Financial Crimes Commission (EFCC) has ignited a storm of controversy by attributing the devaluation of the Naira to the ordinary citizens' transactions in dollars, rather than addressing the extravagant spending habits of Nigerian politicians on luxury goods abroad. The EFCC's...- Nigeria News
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- 2 min read
- efcc naira decline nigerian politicians
- Category: Metro
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Nigeria Nigerians Divided Over Basir Ahmaad's Comments Excusing the Government Over Commodity Price Fluctuations
Bashir Ahmed, media aide to former President Buhari questioned the impact of the falling dollar on commodity prices. A week ago, the dollar traded at around N1900, leading to adjusted commodity prices. With the dollar now trading at under N1500, the aide raised concerns about whether commodity...- Nigeria News
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- 1 min read
- bashir ahmed former president buharis media aide naira decline
- Category: Metro
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![[Video] VP Shettima: Impending Implosion Of Nigerian Economy Being Celebrated by Clowns on Twitter](/data/attachments/200/200644-4fdd265dd9028bd8bb1489a6f480a683.jpg?hash=T90mXdkCi9)
Nigeria [Video] VP Shettima: Impending Implosion Of Nigerian Economy Being Celebrated by Clowns on Twitter
In a recent video shared by Symfoni, Vice President Kashim Shettima expressed his disappointment with Nigerians who, in his words, find amusement in the depreciation of the Naira against the dollar. Speaking at a function in Abuja on January 31, Shettima labeled those celebrating the Naira's...- Nigeria News
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- 1 min read
- bola tinubu kashim shetima naira decline
- Category: Politics
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