Category : Search result: Naira crash


CBN Pumps $150M to Defend Naira Amid Forex Crunch

The Central Bank of Nigeria intervened with $150 million to support the naira after a sharp 50% drop in weekly FX inflows. The move led to a slight appreciation of the currency and a marginal rise in external reserves. Read the full analysis.

Withdraw USDT to Naira Bank Card: Best Methods

Discover the most efficient ways to convert Tether (USDT) to Nigerian Naira (NGN) directly to your bank card. Learn why online exchangers are the preferred choice for fast, secure transactions in Nigeria.

Naira Gains Against Dollar, Experts Predict 2026 Rate

The Naira extended its gains against the US dollar, reaching N1,449.99/$1 in the official market. Analysts from SBM Intelligence and Citibank provide contrasting forecasts for the currency's exchange rate in 2026.

Naira to Trade N1,470-N1,520/$1 in 2026, Say Experts

Economic analysts forecast a stable naira exchange rate in 2026, with the CBN prioritizing market confidence and reduced volatility over aggressive appreciation. Key projections and government expectations revealed.

Libyan Army Chief Dies in Plane Crash

Libyan Army Chief of Staff, Mohammed Ali Ahmed Al-Haddad, has died in a plane crash. The tragedy occurred as he returned from an official trip to Ankara, Turkey. Read the full report.

10 Dead in Plateau Road Accident

A tragic accident on Jos-Bauchi road claims 10 lives. FRSC cites speed and reckless driving as causes. Read the full report and safety warnings.

CBN Intervention Boosts Naira, Dollar Rate Improves

The Nigerian naira staged a strong recovery on Monday after the Central Bank sold $150 million to dealers. The official rate appreciated to ₦1,456.56 per dollar, easing short-term pressure. Read the full analysis.

Diaspora Investors Drive Growth, Expose Real Estate Fault Lines

Nigerians in diaspora are now the primary force in luxury real estate, driving sales with over $6 billion annually. Their investments fuel growth but also reveal deep-seated issues like fraud and title insecurity. Discover the full impact and the push for

Air India Crash Sole Survivor Speaks on Trauma, Loss

Viswashkumar Ramesh, the only survivor of the Air India crash that killed 241, details his escape, PTSD, and struggle to reconnect with family in a new BBC interview. Read his heartbreaking story.

NASCAR Driver Greg Biffle, Family Die in Plane Crash

Tragic details emerge as Cristina Biffle texted her mother moments before the crash that killed her, NASCAR driver Greg Biffle, their two children, and three others. Read the heartbreaking story.

Air India Crash: Victim Families, Survivor Get Compensation

Following the 2025 Air India Boeing 787 crash, interim compensation has been paid to the lone survivor, victims' families, and ground survivors. Total liabilities reach hundreds of millions of dollars. Read the full report.

Lady: Men Earning N1m-N2m Are Too Poor To Date Me

A Nigerian lady's viral video declaring men who earn N1-2 million monthly as 'poor' and unfit to date her has ignited fierce social media debate. Discover the full story and reactions.

Greg Biffle, Family Die in Plane Crash

Retired NASCAR driver Greg Biffle, his wife Cristina, and their two children tragically died in a plane crash in North Carolina. Read the full story and tributes.

Naira Rate Gap Widens as Dollar Demand Rises

The exchange rate gap between Nigeria's official and parallel markets widened to N25 as the naira depreciated. Discover the causes and CBN's response to the seasonal dollar demand surge.

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