Currency – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sat, 29 Jun 2024 14:23:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Currency – InfoStride News https://www.theinfostride.com 32 32 Naira rated worst performing currency in 2024 https://www.theinfostride.com/naira-rated-worst-performing-currency-in-2024/ https://www.theinfostride.com/naira-rated-worst-performing-currency-in-2024/#respond Sat, 29 Jun 2024 14:23:59 +0000 https://www.theinfostride.com/?p=381928 The naira has emerged as the worst-performing currency in the world in the first half of 2024. According to a report by Bloomberg on Friday, devaluation, insufficient dollar liquidity, and market volatility have hindered efforts by the Central Bank of Nigeria to strengthen the currency. Besides the naira, Egypt’s pound and Ghana’s cedi were the world’s [...]

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]]> https://www.theinfostride.com/naira-rated-worst-performing-currency-in-2024/feed/ 0 Nigeria lose $5b annually on currency convertibility cost https://www.theinfostride.com/nigeria-lose-5b-annually-on-currency-convertibility-cost/ https://www.theinfostride.com/nigeria-lose-5b-annually-on-currency-convertibility-cost/#respond Sat, 20 Nov 2021 19:57:02 +0000 https://www.theinfostride.com/?p=313178 Secretary General, African Continental Free Trade Area (AfCFTA) Wamkele Mene has said that African countries are losing $5 billion annually as costs of currency convertibility. Besides, Mene made it known that AfCFTA, in collaboration with Afreximbank announced plans to roll out $10 billion adjustment fund for countries that may suffer revenue loss arising from elimination [...]

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]]> https://www.theinfostride.com/nigeria-lose-5b-annually-on-currency-convertibility-cost/feed/ 0 Why currency crisis, economy worsen despite high oil prices https://www.theinfostride.com/why-currency-crisis-economy-worsen-despite-high-oil-prices/ https://www.theinfostride.com/why-currency-crisis-economy-worsen-despite-high-oil-prices/#respond Thu, 10 Jun 2021 22:39:46 +0000 https://www.theinfostride.com/?p=296806  • 2020 fiscal deficit stands at N6.6tr as debt hits N33.1tr • ‘FX rate may hit N700/$ before next year’ • Political industry (2023) to add more pressure, says Opeoluwa • Naira can’t be stable without market transparency, says ex-CBN director • Reps urges halt in free fall of naira value to dollar, other currencies [...]

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]]> https://www.theinfostride.com/why-currency-crisis-economy-worsen-despite-high-oil-prices/feed/ 0 ECOWAS Countries Set To Use One Currency Next Year https://www.theinfostride.com/ecowas-countries-set-to-use-one-currency-next-year/ Wed, 13 Mar 2019 19:58:18 +0000 https://www.theinfostride.com/?p=228894 The Economic Community Of West African States (ECOWAS) has disclosed that some member states will start using one currency for regional trade by next year. ECOWAS consists of 15 countries and they are Benin, Togo, Gambia, Senegal, Sierra Leone, Nigeria, Niger, Mali, Liberia, Guinea Bissau, Ghana, Guinea, Cote D’Ivoire, Burkina Faso and Cape Verde. Member [...]

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]]> I Did Not Burn The Nigerian Currency – Orezi https://www.theinfostride.com/i-did-not-burn-the-nigerian-currency-orezi/ Sat, 12 Jan 2019 10:47:07 +0000 https://www.theinfostride.com/?p=225277 Orezi was said to have used the Instagram platform to show off a photo of himself supposedly burning up a N1000 note as he promoted his new single ‘Born Broke, Die Rich’. As usual, the reaction was not nice as fans blasted him for engaging in an illegal act that is punishable by law. Now, [...]

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]]> I Will Float The Naira – Atiku Abubakar https://www.theinfostride.com/i-will-float-the-naira-atiku-abubakar/ Mon, 19 Nov 2018 08:30:16 +0000 https://www.theinfostride.com/?p=221295 Atiku Abubakar believes that it’s worth the risk to float the naira even if it results in inflation, noting that any side effect will be balanced out by attracting more inflow of foreign currency. During an interview with The Africa Report, published on Wednesday, the former vice president said President Muhammadu Buhari’s economic policies have [...]

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]]> Skales Features Davido In New Video Titled “Currency.” https://www.theinfostride.com/skales-features-davido-in-new-video-titled-currency/ Tue, 13 Nov 2018 21:58:09 +0000 https://www.theinfostride.com/?p=220909 Skales is out with the visuals to his latest single, ‘Currency’ featuring Davido. The Baseline act singer, who earlier in the year released his ”Mr Love” album is not slowing down anytime soon as he teams up with DMW Boss, Davido on this end of the year banger, ‘Currency.’ The video was directed by Bash [...]

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]]> DJ Cuppy Features L.A.X In New Video Titled “Currency” https://www.theinfostride.com/dj-cuppy-features-l-a-x-in-new-video-titled-currency/ Sat, 25 Aug 2018 03:05:30 +0000 https://www.theinfostride.com/?p=214240 DJ Cuppy has shared the visuals to her new single, ‘Currency’, which features L.A.X. ‘Currency’, which was officially released in the early hours of Friday, August 24 as her second single of the year following the release of ‘Vybe’ which features Ghanaian rapper Sarkodie, is a song of affluence, expression of love and good vibes. [...]

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]]> Common Currency Will Boost ECOWAS Trade – Obasanjo https://www.theinfostride.com/common-currency-will-boost-ecowas-trade-obasanjo/ Sat, 01 Jul 2017 00:45:02 +0000 http://www.theinfostride.com/?p=170291 Former President Olusegun Obasanjo on Thursday called on the leaders of the Economic Community of West African States (ECOWAS) to agree on common currency to boost the regional trade. Obasanjo made call at the ongoing 24th Annual General Meeting of the African Export-Import Bank (Afreximbank) in Kigali. He spoke on: Can Regional Economic Communities Work [...]

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]]> Senate Rejects Proposal To Jail People Hoarding Foreign Currency https://www.theinfostride.com/senate-rejects-proposal-to-jail-people-hoarding-foreign-currency/ Tue, 22 Nov 2016 11:03:19 +0000 http://www.theinfostride.com/?p=148974 The Senate has rejected a recommendation by the Nigerian Law Reform Commission to jail people hoarding foreign currencies. The Commission had recommended the review of the Nigerian Foreign Exchange Act to empower the Central Bank of Nigeria (CBN) to jail any bureau de change operator who holds on to foreign currency for more than 30 [...]

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]]> West Africa Should Have A Single Currency – Obasanjo https://www.theinfostride.com/west-africa-should-have-a-single-currency-obasanjo/ Tue, 05 Jul 2016 18:01:40 +0000 http://www.theinfostride.com/?p=134883 Former President Olusegun Obasanjo, on Monday, said the introduction of single currency by West African states would promote economic integration and progress within the region. Obasanjo said this while playing host to the President, Economic Community of West African States (ECOWAS), Commission, Mr Marcel de Souza, at his hilltop estate, Abeokuta. The former president said [...]

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]]> Muhammadu Buhari Rules Out Naira Devaluation https://www.theinfostride.com/muhammadu-buhari-rules-out-naira-devaluation/ Sun, 21 Feb 2016 12:38:43 +0000 http://www.theinfostride.com/?p=121040 Nigerian president, Muhammadu Buhari has again ruled out Naira devaluation saying his administration would encourage local production and efficiency. In a statement by his Special Adviser on Media and Publicity, Femi Adesina, the President spoke made this revelation at the Africa 2016: Business for Africa, Egypt and the World at Sharm El-Sheikh in Egypt on [...]

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]]> EFCC: Man Bags 18 Months Jail Term for Currency Counterfeiting https://www.theinfostride.com/efcc-man-bags-18-months-jail-term-for-currency-counterfeiting/ Sun, 08 Nov 2015 12:05:03 +0000 http://www.theinfostride.com/?p=106576 The Economic and Financial Crimes Commission (EFCC) has secured the conviction of one Nura Musa for dealing in counterfeit currency. The 30-year-old convict was arraigned before Justice M.G. Umar of Federal High Court, sitting in Bauchi, Bauchi State on July 3, 2014 on a two-count charge bordering on conspiracy and currency counterfeiting. He was arrested [...]

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]]> Zambia’s President seeks God’s help as Currency Freefalls https://www.theinfostride.com/zambias-president-seeks-gods-help-as-currency-freefalls/ Mon, 19 Oct 2015 11:25:42 +0000 http://www.theinfostride.com/?p=103099 Zambia leader Edgar Lungu has turned to God in a bid to stop the freefall of his country’s ailing currency, with bars shut and football matches cancelled on a national day of prayer to end a record slump. Lungu ordered the prayer session last month after the kwacha fell 45 percent against the dollar since [...]

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]]> Akwa Ibom Government House Raid: No Firearm and Foreign Currencies found by DSS https://www.theinfostride.com/akwa-ibom-government-house-raid-no-firearm-and-foreign-currencies-found-by-dss/ Wed, 23 Sep 2015 15:05:09 +0000 http://www.theinfostride.com/?p=100505 The Akwa Ibom State Government on Monday declared that no firearm nor currency of any kind was discovered during the recent raid of Government House, Uyo by some agents of the Directorate of State Security (DSS) as falsely peddled by agents of the All Progressives Congress (APC) in a section of the media. In a [...]

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]]> China, South Africa and the ‘Currency Wars’ https://www.theinfostride.com/china-south-africa-and-the-currency-wars/ Wed, 19 Aug 2015 14:52:24 +0000 http://www.theinfostride.com/2015/08/china-south-africa-and-the-currency-wars/ By Al Jazeera China has devalued its currency once again sparking fears of a global currency war that is unsettling global financial markets. Emerging and developing nations have been the hardest hit and have seen their currencies fall to multi-year lows. Analysts say the move is designed to keep Chinese products competitive with weaker exchange [...]

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]]> Dr Sarah Alade Assures Stakeholders Of System, Currency Stability https://www.theinfostride.com/dr-sarah-alade-assures-stakeholders-of-system-currency-stability/ https://www.theinfostride.com/dr-sarah-alade-assures-stakeholders-of-system-currency-stability/#comments Fri, 21 Feb 2014 19:56:42 +0000 http://www.theinfostride.com/?p=23291 The Acting Central Bank Governor, Dr Sarah Alade, has assured stakeholders that the recent changes in the apex bank will not affect Nigeria’s monetary policies. . Alade made this known when she briefed newsmen in Abuja on Friday. . President Goodluck Jonathan had on Thursday suspended the apex bank governor, Malam Sanusi Lamido sanusi, and [...]

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