Nigeria’s Naira

Nigeria’s Naira falls again in the parallel market

February 15, 2024February 15, 2024Bode DoluLeave a Comment

As Nigerian economy continues to go bad, severely hurting the Nigerian people, the country’s currency, the Naira dipped to N1,600 against the dollar on Thursday. According to one platform for currency monitoring, the Naira plunged to N1,600 per $1 despite efforts by the Central Bank of Nigeria (CBN) to salvage the free fall of the […]

Nigeria’s Naira in free fall again, Senate summons CBN governor

July 27, 2022Bode DoluLeave a Comment

The Senate on Wednesday July 27, resolved to summon Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over skyrocketing inflation and naira devaluation. This is coming as naira has crashed further in the parallel market, trading for N700 against the U.S. dollar. The national currency which traded for N670 against the dollar on Monday, […]

Chinese national gets two years imprisonment for mutilating Nigeria’s Naira notes

May 31, 2022May 31, 2022Bode DoluLeave a Comment

Lagos Zonal Command of Nigeria’s Economic and Financial Crimes Commission (EFCC), has secured the conviction and sentencing of one Li Lei Lei, a Chinese national, to 24 months imprisonment for mutilating the Nigerian currency. He was convicted by Justice I. Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos on Tuesday, May 31, […]