Browsing: Dollar

The naira decreased slightly on Wednesday at the official market, and it was valued at N1,421.06 for one dollar. Information from the FMDQ Exchange's official trading platform, which manages the Nigerian Autonomous Foreign Exchange Market, indicated that the naira reduced by N4.49. This shows a 0.31 per cent decrease compared to the previous trading […]

Contrary to the report circulating on X (formerly Twitter), Bureau De Change operators denied the claim that the dollar is now being sold at N1,000 at the parallel market. There are reports on X that the dollar is now being sold at N1,000 in Abuja. The X post read, “This morning, […]

The Oluwo of Owo, Oba Abdulrosheed Akanbi, has challenged wealthy Nigerians to show patriotism by selling the dollars they have. Oba Akanbi accused Nigerians of keeping dollars to deliberately make it scarce, which he said caused the increase in the naira-dollar exchange rate. The monarch, in a release […]

The Oluwo of Owo, Oba Abdulrosheed Akanbi, has dared rich Nigerians to show love for their country by selling the dollars they have. Oba Akanbi, who blamed the naira-dollar exchange rate increase on the shortage of foreign currency in the market, alleged that Nigerians were hoarding dollars to create artificial scarcity.