• 314

    USD/NGN

  • 1.95

    NGN/CFA

Economic Recession

JUST IN: Naira in free fall, crashes against pound and euro

JUST IN: Naira in free fall, crashes against pound and euro

JUST IN: Naira in free fall, crashes against pound and euro
Naira crashes again in major market segments, edges closer to N500 per dollar

Naira crashes again in major market segments, edges closer to N500 per dollar

The Nigerian Naira on Thursday, January 12, crashed further at the parallel market, edging closer to a landmark 500 units per dollar as speculated last year.

Naira crashes again in major market segments, edges closer to N500 per dollar
Naira crashes against dollar, pound

Naira crashes against dollar, pound

The Nigerian Naira on Wednesday, January 11, dropped one point against the American Dollar at parallel market. The Naira now trades at N492/$1from N493/$1.

Naira crashes against dollar, pound
Naira stays firm against dollar, gains strength over pound

Naira stays firm against dollar, gains strength over pound

The Nigerian Naira on Tuesday, January 10, strengthened against Pound at the parallel market as it now trades at N592/£1 as against the N600 rate of yesterday.

Naira stays firm against dollar, gains strength over pound
Naira strengthens against dollar, crashes against pound

Naira strengthens against dollar, crashes against pound

The Naira on Monday, January 9, strengthened against American Dollar at the parallel market as it now trades at N490/$1 as against the N493/$1 it was last week

Naira strengthens against dollar, crashes against pound
Presidency reveals President Buhari's 2016 'report card' and it looks GOOD

Presidency reveals President Buhari's 2016 'report card' and it looks GOOD

As Nigeria begins its journey into the new year, the Presidency has released a list of the many achievements of President Muhammadu Buhari in the past year.

Presidency reveals President Buhari's 2016 'report card' and it looks GOOD
Naira crashes against dollar for the first time in 2017

Naira crashes against dollar for the first time in 2017

Nigerian Naira on Thursday, January 5, weakened against the American Dollar at the parallel market, otherwise known as black market for the first time in 2017.

Naira crashes against dollar for the first time in 2017
Jonathan industrialised the north – Ben Bruce lists 7 key achievement of GEJ; messages Buhari (video)

Jonathan industrialised the north – Ben Bruce lists 7 key achievement of GEJ; messages Buhari (video)

Senator Ben Murry Bruce has called on the President Muhammadu Buhari’s administration to be focused on taking Nigeria out of recession in 2017 and end blame .

Jonathan industrialised the north – Ben Bruce lists 7 key achievement of GEJ; messages Buhari (video)
Naira stays firm against dollar but falls to N590/£1, 505/€1

Naira stays firm against dollar but falls to N590/£1, 505/€1

The Nigeria Naira has stayed flat against the dollar at the official interbank window and on the parallel market, January 4, but crashed against pound and euro.

Naira stays firm against dollar but falls to N590/£1, 505/€1
Ben Bruce reveals how Jonathan blocked Buhari from ending Nigeria's recession in 2016

Ben Bruce reveals how Jonathan blocked Buhari from ending Nigeria's recession in 2016

Ben Bruce said that complaining about Jonathan's administration and failing to take responsibility for the current reality blocked Buhari from ending recession.

Ben Bruce reveals how Jonathan blocked Buhari from ending Nigeria's recession in 2016
Buhari is only interested in being called president – Okorie reveals PMB’s biggest failure

Buhari is only interested in being called president – Okorie reveals PMB’s biggest failure

Chief Chekwas Okorie who is the chairman of the United Progressives Party (UPP) has criticised President Muhammadu Buhari for the handling of the economy.

Buhari is only interested in being called president – Okorie reveals PMB’s biggest failure
Naira stays low against dollar at parallel market, set to face further decline

Naira stays low against dollar at parallel market, set to face further decline

The first working day of 2017 has seen the Nigerian Naira maintaining its low rate of N490 per dollar at parallel market, the same rate it finished with in 2016

Naira stays low against dollar at parallel market, set to face further decline
9 things Nigerians are afraid Buhari's government will not deliver in 2017

9 things Nigerians are afraid Buhari's government will not deliver in 2017

A new year has just begun. Will things get better or worse in 2017? Below are some of the fears Nigerians have of Buhari’s government in this New Year.

9 things Nigerians are afraid Buhari's government will not deliver in 2017
Why Nigeria is in recession: Cleric opens up as he gives Buhari solution

Why Nigeria is in recession: Cleric opens up as he gives Buhari solution

The general overseer of Divine Fortune Assembly in Yenagoa, Bayelsa state, Ken Esekhaigbe said the economic recession was caused by man's greed and corruption.

Why Nigeria is in recession: Cleric opens up as he gives Buhari solution
Good news: Recession might end as OPEC begins production cut

Good news: Recession might end as OPEC begins production cut

The 13-member Organisation of Petroleum Exporting Countries (OPEC) on November 30, in Vienna rectified their plan to commence a cut of 1.2 million barrels.

Good news: Recession might end as OPEC begins production cut
SAD! Investors in Nigeria lost N604 billion in 2016

SAD! Investors in Nigeria lost N604 billion in 2016

The year ended on a sad note as equities trading on the floor of the Nigerian Stock Exchange (NSE) finished the year 2016 with a loss of N604 billion.

SAD! Investors in Nigeria lost N604 billion in 2016
Tinubu sends powerful New Year message to Nigerians

Tinubu sends powerful New Year message to Nigerians

Former Lagos state governor Asiwaju Ahmed Bola Tinubu has admitted that 2016 was full of challenges but assured Nigerians that their pains will ease off in 2017

Tinubu sends powerful New Year message to Nigerians
Mbaka makes prophecy for 2017, sends powerful advice to Buhari

Mbaka makes prophecy for 2017, sends powerful advice to Buhari

Rev. Fr Ejike Mbaka of Adoration Ministry in Enugu has predicted that Nigerians sufferings and hardship will be over in 2017 even as he advised President Buhari

Mbaka makes prophecy for 2017, sends powerful advice to Buhari
PDP sends powerful New Year message to Nigerians, advises APC

PDP sends powerful New Year message to Nigerians, advises APC

The opposition Peoples Democratic Party (PDP) has said that 2016 was a difficult one because of the bad policies of the ruling All Progressives Congress (APC).

PDP sends powerful New Year message to Nigerians, advises APC
NAIJ Weekly Price Check: Gloomy New Year Day celebrations loom as Nigerians avoid markets

NAIJ Weekly Price Check: Gloomy New Year Day celebrations loom as Nigerians avoid markets

In the wake of the ongoing economic recession in the country, the massive celebrations that usually herald the beginning of a New Year may be totally cut off.

NAIJ Weekly Price Check: Gloomy New Year Day celebrations loom as Nigerians avoid markets
Naira ends 2016 low, rated one of the worst global currencies

Naira ends 2016 low, rated one of the worst global currencies

The Naira is one of the world’s four worst performing currencies in 2016. It was learnt that the Naira was said to have lost 36.68% of its spot returns for 2016

Naira ends 2016 low, rated one of the worst global currencies
Recession: Naira scarcity hits banks, CBN reacts

Recession: Naira scarcity hits banks, CBN reacts

The current economic recession has forced the CBN not to print the small naira denominations for about a year, causing the scarcity of the notes in the economy.

Recession: Naira scarcity hits banks, CBN reacts
Despite people’s suffering, Buhari budgets N1 billion for PR, media lobby

Despite people’s suffering, Buhari budgets N1 billion for PR, media lobby

In spite of the economic recession plaguing Nigeria, the federal government plans to spend over one billion naira on public relations and media lobby in 2017

Despite people’s suffering, Buhari budgets N1 billion for PR, media lobby
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