LAGOS DECEMBER 10TH (NEWSRANGERS)-In the mid hours of yesterday, the Directorate of Criminal Investigations Kenya (DCIK) took to their official twitter page to announce that, they arrested a Foreigner who was traveling to Dubai, United Arabs Emirates from Nigeria. According to what was made public, the department confiscated over Ksh 100 million from the Nigerian….
LAGOS NOVEMBER 28TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar. The naira devaluation has brought the local currency closer to the exchange rate unification agenda of the apex bank as recommended by the International Monetary Fund (IMF) and World Bank. In a weekly exchange rate for disbursement…
LAGOS NOVEMBER 15TH (NEWSRANGERS)-The naira weakened to 470 against the United States dollar in the parallel market on Friday despite the interventions of the Central Bank of Nigeria in the official window. The nation’s currency had traded at N465, N466 and N468 against the greenback on Tuesday, Wednesday and Thursday respectively. But it fell on…
LAGOS SEPTEMBER 2ND (NEWSRANGERS)-The US dollar, the much sought after currency in Nigeria slumped by 5.38% on Tuesday at Nigeria’s parallel market, its second successive fall since Friday. At the market today, a dollar sold for N440. The rate was N465 on Monday, meaning the Naira gained N25. The buying rate is even much lower…
LAGOS JULY 25TH (NEWSRANGERS)-The Naira on Friday weakened marginally against the dollar at both the parallel market in Lagos and the investor’s window. The Nigerian currency traded at N472.5 to the dollar at the parallel market, down by 0.5 points from N472 exchanged on Thursday. The Pound Sterling and the Euro closed at N582 and…
LAGOS MAY 16TH (NEWSRANGERS)-The Naira has weakened today at the parallel market (popularly known as Black Market) as it trades at N454 to $1. The development could be attributed to the high demand for the dollar by foreign investors and business owners, whose with dollar payment obligations have accumulated amid a shortage of the currency….
LAGOS AUGUST 27TH (NEWSRANGERS)-What do you all have to say about this?? According to a video of an Igbo man asking his baby daughter to march on bundles of dollars as he turns dollars into her bed has got Nigerians talking!!! It could be seen in the video, the e man placing his cute baby…
LAGOS FEBRUARY 28TH (NEWSRANGERS)-Nigeria’s dollar-denominated government bonds rose to 5-7 month highs on Wednesday after President Muhammadu Buhari won a second term at the helm of Africa’s largest economy and top oil producer. The country’s longer-dated bonds were up as much as 0.8 cents in the dollar to extend a more than 10 cents rally…
