LAGOS OCTOBER 22ND (NEWSRANGERS)-The naira slid to the brink of 1,000 per dollar in a fresh low in the official market thanks to a combination of central bank tolerance for a weakening currency and insatiable demand for the greenback. The currency was pushed to its latest record a week after the central bank ended curbs…
LAGOS OCTOBER 7TH (NEWSRANGERS)-Nigerians have been told when the ailing naira may bounce back to reduce hyper inflation and pains on the citizenry. The indication was revealed at the 7th annual conference of the Guild of Corporate Online Publishers (GOCOP) by a professor of capital market, Uche Uwaleke. The expert from the Nasarawa State University,…
LAGOS SEPTEMBER 3RD (NEWSRANGERS)-The General Overseer of Redeemed Christian Church of God, Pastor Enoch Adeboye, has predicted the possibility of Naira bouncing back and this time greater than the United States dollar. Our correspondent reports that based on findings in the black market buying rate of the dollar is about N915, and sells at N918….
LAGOS AUGUST 10TH (NEWSRANGERS)-The Nigerian naira extended its slump in black-market trading as the nation’s dollar shortage deepened two months after the central bank moved to a more flexible exchange rate to encourage inflows. The currency of Africa’s biggest crude oil producer weakened to 923 naira per dollar, compared with 917 naira the day before,…