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"Convert Your Dollars To Naira Before Dangote Refinery Starts" – Omokri Tells Nigerians
Social Activist, Reno Omokri, has urged Nigerians to convert their dollars into naira.Omokri explained that Naira would improve against the US dollar when the Dangote refinery begins operations.He suggested that fuel importation might stop when Dangote refinery begins operation in Nigeria.Posting on X, the former presidential aide wrote: “If yo -
Even As Naira Rises Against Dollar, Dont Expect Fall in Food Prices - Economists Tell Nigerians
Economists have indicated that Nigerians may not immediately notice the effects of the recent appreciation of the naira against the dollar on commodity prices in the country.The CEO of Economic Associates, Ayo Teriba said, “Foods that have been bought at the old exchange rate will still be tied to the old exchange rate.“Whether a month or a -
Naira Strengthens Against Dollar: Hits N1,280 At Parallel Market
In a positive turn of events, the Nigerian naira experienced a notable appreciation on Friday, reaching N1,280 per dollar in the parallel foreign exchange (FX) market. This marks a significant 5.19 percent increase from the N1,350/$ rate recorded on March 27, indicating a strengthening of the local currency.Currency traders, commonly known as bure -
Nigerian Imam Reveals Naira Marley And Sam Larry Opened Up To Him About Mohbad’s Death
Nigerian Muslim cleric, Imam, has revealed that Naira Marley and Sam Larry have opened up to him about Mohbad’s death.New Telegraph reports that Naira Marley and Sam Larry were in the news after a video of them saying “Amen” to a prayer composed for the murderers of Mohbad went viral.In the video, it could be seen as the Imam who sat beside -
"Those Who Want Naira To Be N400 To Dollar Are Living In Dream World" - Kingsley Moghalu Dismisses Naira-Dollar Fantasy
Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria, has debunked the notion of aiming for a Naira-Dollar exchange rate of N400, stating that such aspirations are unrealistic.In a post shared on his social media platform, Moghalu emphasized the need for the exchange rate to reflect its market value accurately, dismissing arti -
Moment Alfa Forces Sam Larry & Naira Marley To Say ‘Amen’ As He Prays For Mohbad's Killers (Video)
The online sphere has been set abuzz by a viral video capturing an encounter between a Nigerian cleric, identified as Imam, and rapper Naira Marley alongside socialite Sam Larry, where they were coerced into saying "Amen" to a prayer.In the footage, the Ilorin-born Islamic cleric can be seen leading a prayer, urging divine retribution up -
Naira Appreciates Against Dollar, Exchanges At N1,382 Per USD
The naira’s appreciation against the US dollar continued on Thursday, exchanging N1,382.35 per USD at the official foreign exchange market.FMDQ data showed that the naira exchanged at N1,382 per USD on Thursday, compared to N1,492 the previous day.This represents a whopping N110 gain against the USD in the forex market.Similarly, the country’s -
Naira Marley & His Gangs Killed Mohbad After he Refused to Push Coca!ne For Them – Singer's Mum
In a recent interview, Mohbad’s mother disclosed some incriminating information about the events leading up to her son’s sad death.She said that Mohbad was targeted by a gang of persons, with more than three actively scheming against him. She described the incident as a communal action.According to Mohbad’s mother, her son made the courageou -
Customs Intercepts Ammunition Worth Over Half A Billion Naira Concealed In Sacks Of Garri
In a significant interception operation, the Nigeria Customs Service (NCS), Ogun Area 1 Command, has thwarted an attempt to smuggle 940 rounds of ammunition worth a staggering ₦557,120,828.00 concealed in sacks of garri (cassava flakes) at the Idiroko axis of the state.Area Controller Ahmadu Shuaibu disclosed this during a press briefing held on -
Singer Rema Acquires G63 G-wagon And Lamborghini Urus Worth Millions Of Naira
Nigerian singer, Rema has bought two exotic cars at the same time. The cars are reportedly worth over N700M. The singer acquired a brand new G63 G-Wagon and a Lamborghini Urus at the same time. The revelation was made by the auto dealer, Polancoexoticcars who sold the cars to him. Sharing the photos, they wrote: “SOLD! Congratulations @heisrem -
EFCC Arraigns Man Azubuike Obasi For ‘Selling’ Naira Notes In PH
The Port Harcourt Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Monday, March 11, 2024 arraigned Azubuike Mamwu Obasi before Justice P. I. Ajoku of the Federal High Court, Port Harcourt, Rivers State for currency racketeering.Obasi is facing trial on a four-count charge, bordering on illegal acquisition of bank notes and -
Goldman Sachs Analysts Predict Naira Appreciation To N1200 Per Dollar In A Year
In a recent analysis of Nigeria's economic landscape, Goldman Sachs analysts, Andrew Matheny and Bojosi Morule, have forecasted a significant appreciation of the Naira to N1200 per US dollar within the next twelve months.The analysts supported the Nigerian government's recent monetary policies aimed at bolstering the Naira, which they de -
Naira Depreciates Further Against USD At Forex Market Days After Binance Exit
`The Naira continued its depreciation against the US dollar at the close of the official foreign exchange market on Friday, days after Binance’s discontinued Naira-denominated transactions.FMDQ data showed that it dropped to N1627.40 per USD on Friday from N1,602.17 on Monday.This represents a N25.23 or 1.5 per cent depreciation at the official -
'Naira Marely Drop Music I No Hear Am Anywhere For Lagos, Him Don Fade Pata-Pata' – Speed Darling
Popular rapper, Speed Darlington has thrown a shade at singer, Naira Marley. According to him, Naira Marley dropped a new song and no one is playing it in Lagos. He took to his social media page to express his immense surprise over the lack of audience the song got. Check out reactions: olawiiz5g penned: “Otiloooo finaleeee OO Q. I too like spe -
Nigerian Artist, Naira Marley Alleged Cybercrime’s Case Stalled
The fraud case trial of Nigerian singer, Azeez Fashola, popularly known as Naira Marley, has been put on hold before a Federal High Court Lagos on Wednesday, following a pending application for fiat before the Chief Judge of the court.The prosecutor, Mrs Bilikisu Buhari, informed the trial judge, Justice Isaac Dipeolu, that an application for fiat -
CBN Cuts Customs Rate By 5.3% Amid Continued Naira Appreciation At Forex Market
The Nigerian Customs Service (NCS) has reviewed its foreign exchange (FX) rate for customs duties collection by 5.3 per cent to N1,544.081 per US dollar amid the continued Naira appreciation at the foreign exchange market.It was gathered that the rate dropped to N1,544.81 per US dollar from N1,605 per USD in February.At the close of work on Monday -
Worst Economic Decision Ever - PENGASSAN Slams FG For Floating Naira
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has described the floating of the Naira as the worst economic decision ever. Speaking to Vanguard, President of PENGASSAN, Engineer Felix Osifo said the decision is the major cause of the hardship, mass suffering, and other economic woes confronting the country, describi -
"Federal Government Pays One Trillion Naira Every Month For Petrol Subsidy"— MD Pinnacle Oil, Robert Dickerman
Despite the deregulation, Pinnacle Oil and Gas Limited, a local oil and gas company operating throughout the downstream value chain, has revealed that Nigeria is currently spending approximately N1 trillion every month on petrol subsidies.The company’s Managing Director/CEO, Mr. Robert Dickerman, revealed this information while participating in -
UPDATE: Binance Disables The Naira Feature On Its P2P Market
Binance, a widely used crypt exchange with over 170 million users worldwide disabled its peer-to-peer feature for Nigerian users.Known as the P2P market, the network lets users, buyers, and sellers transact without the intervention of a third party. It gained popularity among Nigerians in 2021 after former president Buhari’s administration outla -
Nigerian Skit Maker, Peller Splashes Millions Of Naira On Mercedes Benz SUV
Popular Nigerian skit maker, Peller has reportedly splashed millions on a Mercedes Benz SUV.The report was shared on X by Instablog which shared photos of the comedian alongside his new car.He could be seen striking a pose in front of the breath-taking car, and another outside the driver's door. -
VID: Nigerian Lady Slammed For Choosing A Night With Wizkid Over N1Billion Naira
A young Nigerian lady has sparked a discussion on social media as she insists she would rather spend a night with Wizkid than receive the sum of 1 billion naira.This is contained in a video captioned: “One billion naira or a night with Wizkid.” In the said video, the lady was asked what she would prefer between 1 Billion Naira and a night with -
Be Patient, CBN Working To Strengthen Naira Says CBN Governor, Yemi Cardoso
Dr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has urged Nigerians to exercise patience as the apex bank works diligently to strengthen the Naira. He made this appeal during a public lecture held at the CBN Centre of Excellence Hall, University of Ibadan on Thursday, February 22.Speaking at the event, Dr. Cardoso, who was -
BREAKING: Naira Depreciate Further Against Dollar To N1,900/$ At Parallel Market
The Nigerian naira, on Tuesday, depreciated further to N1,900 to the dollar at the parallel section of the foreign exchange (FX) market.The naira declined by 9.83 percent from the N1,730 recorded on Monday.Currency traders, also known as Bureau de Change (BDC) operators, quoted the buying rate at N1,850 and the selling rate at N1,900 — leaving a -
NAIRA CRASH! Nigerian Govt Blocks Binance, OctaFX, Coinbase, Others
The Nigerian government has blocked the online platforms of Binance and other crypto firms to avert what it considers continuous manipulation of the forex market and illicit movement of funds.Sources within the major telecommunication companies in the country told PREMIUM TIMES Wednesday evening that the Nigerian Communications Commission (NCC) co -
UPDATE:Binance Confirms Working With Tinubu Govt To Block Dollar-Naira Exchange
Binance disclosed this in an announcement on its “commitment to P2P users in Nigeria” on Tuesday, warning that “users behaving in a manipulative way will be removed from the platform.” “As industry leaders,” Binance said, “We are working hand in hand with local authorities, lawmakers, and regulators to ensure we act on non-compli -
EFCC Apprehends Six Currency Racketeers In Lagos, Recover New Naira Notes
No fewer than six individuals have been apprehended in Lagos state by the Economic and Financial Crimes Commission, for allegedly participating in currency racketeering and trading of new naira notes for commercial gain.It was gathered that the EFCC’s spokesperson, Dele Oyewale, made this known in a statement released on Tuesday in Abuja.The age -
Naira Slips Further Against US Dollar
The naira crashed to an all-time low against the US dollar, at the official and parallel foreign exchange markets, worsening the nation’s FX crisis.Data from FMDQ showed that the naira depreciated from N1,574.62 per US dollar on Monday to N1,537.96 on Friday last week.This represents a N36.66 or 2.3 per cent loss compared to the N1,537.96 record -
Ogun Monarch, Oba Kolawole Sowemimo Suspended For Abusing Naira Notes
The Olu of Owode in Obafemi/Owode Local Government Area of Ogun State, Oba Kolawole Sowemimo, has been suspended for two months without payA viral video in early January showed the royal father decorating a popular fuji musician, Wasiu Ayinde, with new notes of N1,000 .The council moved against Sowemimo for publicly degrading Nigerian currency, an -
Nigerian Entertainer Laments After Show Goer Sprayed Him Fake Naira Notes At His Event
A video has captured the moment a Nigerian entertainer lamented about the fake naira notes sprayed on him at his event.Sharing the video on Instagram, the entertainer stated that the showgoer sprayed him fake money in spite of all she enjoyed at the show.Watch The Video Below;[html] -
Bob Marley’s Granddaughter, Zuri Picks Burna Boy For ‘Dream’ Collaboration With Late Legend
Zuri Marley, the granddaughter of late Jamaican reggae legend Bob Marley, has said Grammy-winning Nigerian singer Burna Boy is the only artist she would have cherished seeing work alongside her grandfather.She made this known while speaking at the movie premiere of ‘Bob Marley: One Love’ in London recently.She said she thought about it thoroug
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