Business
History made as naira crashes to all time record low against dollar
The naira is currently trading at 800 against the dollar according to some exchange platforms.
The current parallel market rate is N800 to a dollar and N890 to British pound sterling.
The free fall continues as the ban on Bureau the Change operators remain in place and the CBN announced plans to redesign the country’s currency in response to the country’s economic woes.
The governor of the central bank, Godwin Emefiele, announced on Wednesday that new Naira notes would be issued by December 15. Mr Emefiele stated that the move, which has since been approved by Mr Buhari and other stakeholders, was certain to boost the value of the Naira.
-
News7 days agoWidow of late investigative broadcaster Kola Olawuyi dies
-
Crime7 days agoOutrage as NYSC doctor allegedly dies after delay in approving sick leave
-
Energy1 week agoGas flaring takes toll on children, residents in Rivers oil-producing communities
-
Aviation6 days agoNIS issues updated guidelines for contactless passport renewal for Nigerians abroad
-
Latest6 days agoOne killed as ethnic clash erupts in Ibadan following reported overnight stabbing (video)
-
Aviation1 week agoCould you prove that bag is yours? The precautions that could protect you from a travel nightmare
-
Latest7 days agoLagos arrests 396 beggars in fresh crackdown on street begging (Video)
-
Agribusiness6 days agoStrengthening Nigeria’s Food Production Through Reliable Water Storage Infrastructure