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Tuesday, December 16, 2025
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Naira

Naira depreciates to N1,740 in parallel market amid mounting pressure

The Nigerian naira has seen its value slide further, closing at N1,740/$1 in the parallel market last weekend, signaling a reversal of recent gains. This...

Naira devaluation drives Nigeria’s public debt to N134 trillion

Nigeria’s total public debt stock has surged by N12.6 trillion in just three months, reaching N134.3 trillion ($91.3 billion) by the end of the...

Naira declines by 6.8% against Dollar in official market 

The naira experienced a significant drop on Tuesday, depreciating to N1,658.97 against the U.S. dollar in the official market. According to data from the FMDQ...

Naira among worst performing currencies in Africa – World Bank

The naira is one of the worst-performing currencies in Sub-Saharan Africa in 2024, according to the most recent edition of the World Bank's Africa's...

Buhari didn’t approve Emefiele’s naira redesign proposal– Witness

Key witness Edward Adamu in the ongoing trial of Emefiele's trial has stated that the former governor of the Central Bank of Nigeria, CBN,...

Edun unveils FG plans to strengthen Naira

The Finance and Coordinating Minister of the Economy Wale Edun, has announced the Federal Government's plan to mop up foreign exchange outside the system...

President Bola Tinubu empowered to suspend corrupt officials, says Labour Party

In a statement, the Lamidi Apapa-led National Working Committee of the Labour Party (LP) expressed its support for President Bola Ahmed Tinubu's authority to...

Naira redesign: Supreme Court fixes date for judgment

The Supreme Court on Wednesday fixed March 3 to give judgment on the controversial Naira redesign. Justice John Inyang Okoro fixed the date after taking...

Naira Redesign: Buhari, Malami under pressure for-out-of-court settlement – Timi Frank

President Muhammadu Buhari and the Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), are under intense pressure by Governors on the...

Naira swap directives: Anambra traders take painful decison, shut down markets

Following the contin­ued refusal of financial institutions to issue the new naira notes amid trading of the notes and now totally re­fusing to accept...

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