Sentences with phrase «naira against»

They are also worried that despite the huge crash in value of the Naira against world's major currencies, CBN maintained its official rate at N197 / USD1 thereby creating wider parallel market margin of about 50 per cent, the highest so far in the history of Nigeria's currency market.

But former President, Association of National Accountants of Nigeria, Dr. Sam Nzekwe, stated that the recent fall of the naira against the United States dollar does not speak well of the Nigerian economy, despite claims by President Buhari.

The relative stability of the Naira against the Dollar had impacted positively on price stability of most goods in the market.

The acting president said this in Port - Harcourt while responding to members of the opposition who blame the federal government for the fall of the Naira against the Dollar.

Osinbajo, said such was responsible for the unremitting plunge of the Naira against the dollar in the market.

He submitted that this singular act will «reduce pressure on naira and eventually increase value of naira against other world major currencies.»

He noted CBN's periodic intervention in the forex market reduced exchange rate volatility over the last two quarters of 2017 and businesses showed improved liquidity of forex and stability of naira against the dollar.

Not exact matches

The naira weakened further against the dollar at the parallel market on Monday, exchanging at N357 for a dollar as against N350 it traded on Friday.

Miffed by the constant abuse of the naira, the Central Bank of Nigeria (CBN) and the National Orientation Agency (NOA) have joined forces to launch grassroots campaign against naira abuse across the 774 local government areas of the country.

The Naira on Friday depreciated against the dollar at the parallel market after posting days of appreciation.

The Naira on Friday depreciated against the dollar at the parallel market in Lagos.

Investors and business people may be disappointed as Adeosun backed current fiscal policy against devaluing Nigeria's beleaguered naira currency, speaking at her Senate vetting last month.

On Monday, the Naira dropped to N383 against the United States dollar at the parallel market on Monday, -LSB-...]

As Naira continues to slide down against the US Dollars, Nigerians have been charged to be creative to attract more foreign exchange.

SERAP's request followed growing allegations of corruption against Mrs Alison - Madueke and the recent disclosure by the Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay that the Economic and Financial Crimes Commission had recovered about half a trillion naira fragainst Mrs Alison - Madueke and the recent disclosure by the Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay that the Economic and Financial Crimes Commission had recovered about half a trillion naira frAgainst Corruption, Prof. Itse Sagay that the Economic and Financial Crimes Commission had recovered about half a trillion naira from her.

Trading at the investors» window saw the Naira closed at N360.37 to the dollar, while it closed at N305.80, N408.18 and N365.03 against the Dollar, Pound Sterling and the Euro at the CBN window.

On Monday, the Naira dropped to N383 against the United States dollar at the parallel market on Monday, down from the 380 it closed on Friday.

Let it be known at this juncture that we also condemned the destructive act of the students, therefore, we are not against the fact that the management want to sanction them through payment of damages, all we are saying is that N25, 000 [TwentyFive Thousand Naira] is too much for our parents to bear considering the fact that the school is dominated by ward (s) of Ondo State Civil Servants who have not received salary since November 2015, and most of these parents have 2 to 4 children in this same university, therefore, where do we expect them to get such a huge amount of money?

If the Presidency does not review these «bogus» allocations in its proposed expenditure, it may lose the moral right to advise the National Assembly against spending some billions of naira on purchasing cars for its members despite the fact that the legislators have already collected their car allowances plus other sundry emoluments.

The Naira on Friday depreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports.

She also averred that the defendant's confessional statement that he had diverted part of the One Billion Naira (N1, 000 000,000) UBA loan to other projects and services corroborated the charges preferred against him.

A prosecution witness in the ongoing trial of Mr. Waripamo - Owei Dudafa, on Monday testified against the former aide to ex-President, Jonathan, stating how he changed millions of dollars to naira for the accused.

Former Minister of Finance, Dr Ngozi Okonjo - Iweala, has reacted to allegations that she diverted billions of naira Abacha loot recovered by the federal government a «baseless story» explaining that some of the money was released to the office of the National Security Adviser in response to a request by the former NSA, Col Ibrahim Dasuki (rtd) for funds to prosecute the insurgency battle against Boko Haram.

And president Jonathan keeps and maintains ten presidential jets on Nigerian tax payers revenues expense.President Jonathan should declare his assets publicly and encourage rigorous fight against corruption practices on his watch and rein in on his petroleum minister Ms Madueke who spent N2 billion naira tax payers funds on rental of private jet in two years.President Jonathan must look in the mirror to see who encourages corruption practices in government in Nigeria.