LAGOS NOVEMBER 2ND (NEWSRANGERS)-The Federal Government on Thursday announced a nine-month programme beginning on October 31 that allows individuals to deposit dollar bills held outside the formal banking system without scrutiny. It said the new initiative aims to address the rising costs of commodities influenced by the foreign exchange rate, driven by demand and supply…
LAGOS JULY 2ND (NEWSRNAGERS)-A year and a few months after relief from the worst cash crunch in the modern economy, Nigeria appears to have slid into another dimension and created a new business from commoditising the national currency. As it was during the prolonged cash crunch that almost ruined the economy in the first quarter of last…
LAGOS MAY 12TH (NEWSRANGERS)-Naira has dipped from the best to the worst performing currency, according to a new Bloomberg report. This is a reversal in its recent gains, emerging as the world’s worst-performing currency after a wonderful performance last month. Synthesize Beautiful Scenes of Ha Giang Via Super Quality Travel Video – Flycam Nem TV…
LAGOS MARCH 22ND (NEWSRANGERS)-The currency for the proposed Yoruba nation, Oduduwa Republic has been introduced by a group agitating the independence of the Yoruba nation on Twitter. The group posted the image of the proposed currency on its Twitter handle @OduduwaRepublic, on Sunday. Quote The tweet read: “Oduduwa National Currency shall be called ‘FADAKA’ Meaning…
LAGOS MARCH 21ST (NEWSRANGERS)-Nigeria has technically devalued the naira at the Investors and Exporters (I&E) trading window from N366.70 to N380.20. A source at the Central Bank of Nigeria, who asked to remain anonymous confirmed the development Friday to THEWILL. The move is expected to sustain foreign portfolio investors’ interest in Nigeria’s financial instruments. Nigeria…