Nigerian naira

By IndepthAfrica
In Article
Jan 29th, 2014
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by Dr. Mike Redford Those who are not with us are against us. President Jonathan and PDP are against us. President Jonathan has made fundamental economic woes for Nigeria. The most recent one being the corrupt arrangement with Japanese auto industry to inflate the cost of bringing used cars into Nige...
By IndepthAfrica
In News
Sep 25th, 2013
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Emma Ujah, Abuja Bureau Chief The Governor of the Central Bank of Nigeria, CBN, Mal Sanusi Lamido Sanusi, has vowed to defend the Naira and was prepared to used the nation’s foreign reserve to ensure the currency’s stability. Briefing the journalists at the end of the Monetary Policy Committee meetin...
By IndepthAfrica
In Nigeria
Feb 20th, 2013
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50 Views
(Reuters) – Pirates who kidnapped six foreign sailors from an oil servicing vessel off the Nigerian coast on Sunday are demanding 200 million naira ($1.3 million) for their release, police said on Wednesday. One Russian, three Ukrainian and two Indian sailors were taken when gunmen stormed the ...
By IndepthAfrica
In Article
Feb 7th, 2013
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By Akintokunbo A Adejumo “Money and Corruption Are ruining the land, Crooked politicians Betray the working man, Pocketing the profits And treating us like sheep, And we’re tired of hearing promises, That we know they’ll never keep.”  –Ray Davies: Once upon a time in America, ...
By IndepthAfrica
In News
Jun 15th, 2012
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Nigeria’s finance minister said on Thursday she had ordered a slow down to fuel subsidy payments to allow verification that they are for genuine deliveries, an effort to combat fraud costing it billions of dollars. “I decided that we should slow down the payments until we verify … t...
By IndepthAfrica
In News
Jun 6th, 2012
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Nigeria’s naira currency eased further against the dollar on the interbank market on Wednesday, to its weakest level since Dec. 29, as demand for the dollar outpaced supply, traders said on Wednesday. The naira was trading at 163.05 to the dollar at 1047 GMT, weaker than the 162.56 it closed at...
By benim
In Nigeria
Mar 17th, 2011
3 Comments
37 Views
Nigeria’s Senate on Wednesday passed a 4.972 trillion naira 2011 budget weeks ahead of elections, based on a benchmark oil price of $75 a barrel and oil production of 2.3 million barrels per day. The budget assumes an exchange rate of 150 naira to the U.S. dollar and a 7 percent GDP growth rate...