March 11, 2023

Naira Ends Week on Negative Note

Hamilton Nwosa

Writer

Naira Depreciates As External Reserves Drops To $36.116 Billion

DHQ Never Mentioned Any Coup Attempt

1. The attention of the Defence Headquarters (DHQ) has been drawn to a false and misleading report by an online publication insinuating that the cancellation of activities marking Nigeria’s 65th Independence Anniversary was linked to an alleged attempted military coup. The report also made spurious references to the recent DHQ press release announcing the arrest…

October 18, 2025 • Headline

Oil Prices Dip as Trump-Putin Summit Looms

Crude oil prices are expected to decline this week due to the hypothetical possibility of a peace agreement between the US and Russia, which could lead to a rebound in Russian oil exports and contribute to a predicted supply glut. The International Energy Agency has revised its demand growth estimates downwards for both this year…

October 18, 2025 • Opinion

When Forgiveness Is Hard (2), By Funke Egbemode

She was popularly called Mama Iyabo. Her husband threw her out of their matrimonial home 15 years ago, along with her three children, after 15 years of marriage. “I had earlier heard rumours about my husband and another woman. I knew he had girlfriends. He was doing well and living it up, though he took…

October 18, 2025 • Opinion

The Naira on Friday lost to the dollar as it exchanged at N461.50 at the Investors’ and Exporters’ window.

The rate represented a decrease of 0.11 per cent, compared to the N461 for which it exchanged to the dollar on Thursday.

The open indicative rate closed at N461.50 to the dollar on Friday.

An exchange rate of N462.44 to the dollar was the highest rate recorded within the day’s trading before it settled at N461.50.

The Naira sold for as low as N446 to the dollar within the day’s trading.

A total of US$ 82.56 million was traded at the official Investors’ and Exporters’ window. (NAN)

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