Tag:
dollar
Business
1,541 Naira Per Dollar: Naira Slumps to Record Low Again
The Nigerian naira plunged to an unprecedented low of N1,541.36 per dollar on January 2, marking a rocky start to 2025 in the official...
News
Hajj 2025: CSO Demands Dollar Benchmark to Ease Pilgrim Costs
As preparations for Hajj 2025 begin, a Nigerian civil society group has sounded the alarm over fluctuating exchange rates that threaten to destabilize the...
Culture
NAHCON Moves to Slash Hajj Fares by Abolishing Dollar Usage
The Nigerian government has announced plans to stop using the United States dollar for Hajj-related transactions. This decision, disclosed by the National Hajj Commission of...
Business
Senate Moves to End Dollar Usage in Nigeria, Seeks to Strengthen Naira
The Nigerian Senate has initiated a significant move to reclaim the country's monetary sovereignty. A new bill that prohibits the use of foreign currencies...
News
Nigerian Men Indicted in U.S. Over Multi-Million Dollar Investment Fraud
Three Nigerian men have been indicted in the United States for orchestrating a multi-million dollar internet-based investment fraud scheme that targeted victims across the...
Business
5 Reasons Naira Is Gaining Against the Dollar
The Nigerian naira has recently shown impressive gains against the U.S. dollar, a shift that has sparked optimism among market observers. Several factors are...
News
Naira Gains Ground, Hits N1,630 Per Dollar in Official Market
The Naira has gained significant ground against the dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM), with a recent appreciation of N40.2. Data from...
News
Drama in Reps as Minister Alleges Error in Multi-Billion Dollar Cargo Deal
There was intense drama in the House of Representatives on Monday when Gboyega Oyetola, the Minister of Blue and Marine Economy, alleged that the...