Category : Search result: US dollar accounts

Naira Volatility: Official and Black Market Rate Gap Widens to N25

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.

Reps Give IBEDC, BEDC, PHEDC 72-Hour Ultimatum Over N100bn Debt

Reps summon 3 DisCos over N100bn debt to FG

The House of Representatives Public Accounts Committee has summoned IBEDC, BEDC, and PHEDC over an alleged N100 billion debt. The companies have 72 hours to appear or face sanctions. Read more.

American Doctor Found Dead in Miami Dollar Tree Freezer, Investigation Ongoing

Doctor Found Dead in Miami Store Freezer

The body of Dr. Helen Massiell Garay Sanchez, 32, was discovered inside a Florida Dollar Tree freezer. Police are investigating the 'unclassified death' as her family seeks answers and support.

CBN Deploys $250 Million to Defend Naira, Bolstered by $45.44 Billion Reserves

CBN Injects $250M to Stabilise Naira as Reserves Hit $45.4B

The Central Bank of Nigeria intervenes with $250 million to ease dollar scarcity and steady the naira. Nigeria's FX reserves rise to a six-year high of $45.44 billion, strengthening the CBN's hand. Read the full analysis.

Naira Holds Firm Amid 'Detty December' Dollar Rush: CBN Reserves Hit $45.44bn

Naira resilient despite festive dollar demand surge

The Nigerian naira shows resilience against heightened US dollar demand during the festive 'Detty December' season. CBN's external reserves rise to $45.44 billion, providing crucial support. Experts analyze market dynamics and future outlook.

Naira Falls to N1,454/$1 as Festive Spending Intensifies FX Pressure

Naira Drops to N1,454/$1 Amid Festive Dollar Demand

The Nigerian naira weakened against the US dollar, closing at N1,454/$1 as festive season demand spikes. CBN data shows a weekly decline, though rising reserves offer hope. Full analysis inside.

Naira Under Pressure: CBN Releases New FX Rate as Gap Widens to N12.17

Naira Falls as CBN Releases New FX Rate, Gap Widens

The Naira faced fresh pressure on Thursday, depreciating in both official and parallel markets. The Central Bank of Nigeria's new rate shows a widening gap with the black market. Read the full analysis.

Reps Give PAP Boss 72-Hour Ultimatum Over N26 Billion Audit Queries

House Issues 72-Hour Ultimatum to PAP Boss Over N26bn

The House of Representatives demands PAP Coordinator Dennis Otuaro appear before its committee over N26bn audit queries. Failure could lead to an arrest warrant. Meanwhile, nine PAP scholars graduate in the UK.

FG Sets 2026 Budget Exchange Rate at N1,512/$1, Unveils N50.74trn Revenue Plan

FG Sets 2026 Budget Exchange Rate at N1,512/$1

The Federal Government has announced a N1,512 to $1 exchange rate for the 2026 budget. Discover the key projections for oil, revenue, and spending in the new fiscal framework.

Indian Rupee Hits Record Low Past 90 Per Dollar Amid Trade Deal Delays

Indian rupee hits record low past 90 per dollar

India's rupee falls to a historic low beyond 90 against the US dollar, driven by foreign outflows and stalled US trade talks. Analysts see a new market-aligned approach from the central bank. Read more for the full analysis.

Naira Gets 64% Boost as Dollar Inflows Hit $841 Million in FX Market

Naira Strengthens as Dollar Inflows Surge Over 64%

The Nigerian Naira receives a significant boost as dollar inflows into the FX market jump by 64.24% to $841.10 million, improving liquidity and strengthening the official rate. Read the full analysis.

Rihanna, Ronaldo, Taylor Swift Lose Millions of Followers in X Bot Purge

Celebrities Lose Millions of Followers as X Purges Bots

Global superstars including Rihanna, Cristiano Ronaldo, and Taylor Swift have seen their X follower counts plummet by millions as Elon Musk cracks down on bot and inactive accounts. Discover the staggering numbers and what it means for the platform's futu

Nigerian Mother's $20 Trick: Daughter Gets N460 for $28,000 Gift

Mother tricks daughter, swaps $20 gift for N460

A Nigerian mother's viral TikTok video shows her exchanging her daughter's $20 gift for just N460. The story sparks online debate about parenting and financial literacy. Read the full story and reactions.

CBN Injects $36.60 Million to Banks as Naira Faces Depreciation Pressure

CBN sells $36.60m to banks amid naira depreciation

Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.

Naira Falls N14.29 Against Dollar Despite Strong FX Reserves

Naira loses N14.29 to dollar as trading week ends low

The Nigerian naira weakened significantly against the US dollar, closing at N1,456.72 despite rising foreign exchange reserves hitting a 7-year high. Get the latest market analysis and exchange rates.

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