Why the naira depreciated against the dollar despite CBN's new rules

2 weeks ago 7

The naira depreciated by over N100 in the official market against the US dollar, trading at N1,656 per dollar on Tuesday, September 17, 2024, amid drop in inflation.

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The national consensus on our fate, By Toyin Falola

The national consensus on our fate, By Toyin Falola

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Facebook introduces new tools to attract Gen Zs, young adults

Facebook introduces new tools to attract Gen Zs, young adults

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FULL LIST: Extremely powerful Kano politicians giving strong backing to Tinubu

FULL LIST: Extremely powerful Kano politicians giving strong backing to Tinubu

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WATCH: Prophet TB Joshua brutally attacks certain Nigerian pastors

WATCH: Prophet TB Joshua brutally attacks certain Nigerian pastors

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Peter Obi Politically Bigger Than Kwankwaso – Buhari Ex-Aide Bashir Ahmed

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Edo Governorship Poll And Okpebholo’s Triumph

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Group empowers women entrepreneurs to boost small-scale businesses

Group empowers women entrepreneurs to boost small-scale businesses

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NAN inaugural int’l lecture surpassed expectations – Media expert

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FG Must Invest Massively In Education – Israel

FG Must Invest Massively In Education – Israel

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Nigeria urges UN member states to end protracted conflicts

Nigeria urges UN member states to end protracted conflicts

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My focus not 2027 elections – Tinubu

My focus not 2027 elections – Tinubu

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Lagos man stabs newlywed wife multiple times, locks room, sets house on fire

Lagos man stabs newlywed wife multiple times, locks room, sets house on fire

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TECNO Unveils AI-Powered Futuristic Smartphones

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PICTORIAL: Akpabio Casts Vote In A’Ibom LG Polls, Assures NASS’ll Amend Constitution For Full Autonomy

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Compel your leaders to fulfil campaign promises - Kukah tells Nigerians

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You’re nobody — Asari Dokubo dares Wike

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Makinde assures Oyo workers of ₦70,000 minimum wage payment

Makinde assures Oyo workers of ₦70,000 minimum wage payment

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Hoodlums Set Akwa Ibom Electoral Commission Office On Fire

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Gov Oyebanji splashes ₦47.8m gift on outstanding teachers in Ekiti

Gov Oyebanji splashes ₦47.8m gift on outstanding teachers in Ekiti

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Obi donates N10m to Anambra hospital for reporting overpayment in previous pledge

Obi donates N10m to Anambra hospital for reporting overpayment in previous pledge

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Fubara-backed APP wins 22 of 23 chairmanship seats in Rivers LG polls

Fubara-backed APP wins 22 of 23 chairmanship seats in Rivers LG polls

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NPFL: Niger Tornadoes ready to compound Heartland’s woes

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I'm not thinking about 2027 election now, says Tinubu

I'm not thinking about 2027 election now, says Tinubu

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Buhari’s children affected as FCTA threatens to revoke land rights over ‘unpaid dues’

Buhari’s children affected as FCTA threatens to revoke land rights over ‘unpaid dues’

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Actor Saidi Balogun loses daughter

Actor Saidi Balogun loses daughter

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NPFL: Lobi Stars coach Agagbe happy with victory over Shooting Stars

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LG Elections: APP wins 22 chairmanship seats in Rivers

LG Elections: APP wins 22 chairmanship seats in Rivers

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EPL: Obi-Martin breaks silence after joining Man Utd from Arsenal

EPL: Obi-Martin breaks silence after joining Man Utd from Arsenal

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Bauchi inaugurates committee to implement N70,000 minimum wage for civil servants

Bauchi inaugurates committee to implement N70,000 minimum wage for civil servants

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See full list of winners as Book On Review With Benji celebrates 10-year anniversary

See full list of winners as Book On Review With Benji celebrates 10-year anniversary

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YAF Director Calls For National Action Against Child Trafficking, Baby Factories

YAF Director Calls For National Action Against Child Trafficking, Baby Factories

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Enugu Demolishes Another Kidnappers’ Den, Warns Property Owners

Enugu Demolishes Another Kidnappers’ Den, Warns Property Owners

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5 times Davido has been involved in financial scandals, two affected fans

5 times Davido has been involved in financial scandals, two affected fans

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Slow Implementation of $700m SURWASH programme worrisome- FG

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Rivers LG Election: Jonathan speaks on proliferation of conflicting court orders

Rivers LG Election: Jonathan speaks on proliferation of conflicting court orders

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RULAAC Condemns Police Interference In Rivers State Local Elections

RULAAC Condemns Police Interference In Rivers State Local Elections

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GTCO urges public to disregard fake news

GTCO urges public to disregard fake news

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Popular south-west governor delivers promise on 70k minimum wage, details emerge

Popular south-west governor delivers promise on 70k minimum wage, details emerge

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Pastor Ituah Ighodalo Calls For Competent Leadership To Transform Nigeria

Pastor Ituah Ighodalo Calls For Competent Leadership To Transform Nigeria

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Dangote Refinery testament to African entrepreneurship – Ibn Chambers

Dangote Refinery testament to African entrepreneurship – Ibn Chambers

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Real Madrid vs Villarreal: Fede Valverde scores stunning goal as Toni Kroos admires

Real Madrid vs Villarreal: Fede Valverde scores stunning goal as Toni Kroos admires

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52 died in 87 crashes within 2 months – FRSC, Ogun Command

52 died in 87 crashes within 2 months – FRSC, Ogun Command

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Kaduna govt denies taking N36b new loan

Kaduna govt denies taking N36b new loan

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Ronaldo reportedly asks Al-Nassr to offer £1m per week to Premier League star

Ronaldo reportedly asks Al-Nassr to offer £1m per week to Premier League star

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Rivers LG Polls: RSIEC Declares 22 APP Candidates, Winners

Rivers LG Polls: RSIEC Declares 22 APP Candidates, Winners

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Oyo Speaker, Ogundoyin Receives Teachers’ Exemplary Leadership, Humanitarian Service Award

Oyo Speaker, Ogundoyin Receives Teachers’ Exemplary Leadership, Humanitarian Service Award

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2027 Presidency: APC Govs, Chieftains Back Tinubu For Re-election

2027 Presidency: APC Govs, Chieftains Back Tinubu For Re-election

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Adama Traore Takes on Kyle Walker in Epic Foot Race During Man City vs Fulham

Adama Traore Takes on Kyle Walker in Epic Foot Race During Man City vs Fulham

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EPL Roundup: Ndidi helps Leicester secure first win, City extend unbeaten run

EPL Roundup: Ndidi helps Leicester secure first win, City extend unbeaten run

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2027 Presidency: Tinubu breaks silence on re-election bid

2027 Presidency: Tinubu breaks silence on re-election bid

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MUST WATCH: Cristiano Ronaldo displays stunning dance moves after netting for Al Nassr

MUST WATCH: Cristiano Ronaldo displays stunning dance moves after netting for Al Nassr

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2024 Teachers’ Day: Makinde Promises To Pay N70,000 Minimum Wage

2024 Teachers’ Day: Makinde Promises To Pay N70,000 Minimum Wage

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NPFL: Lobi Stars secure first win, Insurance hold El-Kanemi

NPFL: Lobi Stars secure first win, Insurance hold El-Kanemi

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EFCC Takes Fresh Action Against Ex-CBN Gov, Godwin Emefiele

EFCC Takes Fresh Action Against Ex-CBN Gov, Godwin Emefiele

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Terrorists attack security operatives in Katsina, kill six

Terrorists attack security operatives in Katsina, kill six

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TECNO Unveils the Future: Where Innovation Meets Style for Modern Nigerian Living

TECNO Unveils the Future: Where Innovation Meets Style for Modern Nigerian Living

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Rivers LG Crisis: Conflicting Verdicts Can Ridicule Judiciary – Jonathan To NJC

Rivers LG Crisis: Conflicting Verdicts Can Ridicule Judiciary – Jonathan To NJC

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Nigerian govt commences crude oil sales in Naira

Nigerian govt commences crude oil sales in Naira

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Forfeiture of $2.4m: EFCC asks court to dismiss ex-CBN Gov Emefiele’s appeal

Forfeiture of $2.4m: EFCC asks court to dismiss ex-CBN Gov Emefiele’s appeal

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NPFL: Kano Pillars sign Ahmed Musa, Shehu Abdullahi on free transfer

NPFL: Kano Pillars sign Ahmed Musa, Shehu Abdullahi on free transfer

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World Teachers Day: Obaseki, Commissioner for Education absent at annual ceremony

World Teachers Day: Obaseki, Commissioner for Education absent at annual ceremony

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BREAKING: Rivers LG polls: APP wins 22 chairmanship seats

BREAKING: Rivers LG polls: APP wins 22 chairmanship seats

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CBN sold $543.5 million FX to banks in September

CBN sold $543.5 million FX to banks in September

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Enugu Govt demolishes another kidnappers’ den, warns property owners

Enugu Govt demolishes another kidnappers’ den, warns property owners

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APP clears 22 out of 23 chairmanship seats in Rivers local government elections

APP clears 22 out of 23 chairmanship seats in Rivers local government elections

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Flood Wreaks Havoc In Ondo

Flood Wreaks Havoc In Ondo

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MultiChoice Announces Revamp of SuperSport Variety Channels

MultiChoice Announces Revamp of SuperSport Variety Channels

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Israeli airstrikes kill Hamas commander, wife, two daughters at home in northern Lebanon

Israeli airstrikes kill Hamas commander, wife, two daughters at home in northern Lebanon

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Popular south-western governor reacts as heavy flood hits devastates major areas, details emerge

Popular south-western governor reacts as heavy flood hits devastates major areas, details emerge

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‘God corrected him’ – Mike Bamiloye backs Pastor Adeboye’s apology on tithe

‘God corrected him’ – Mike Bamiloye backs Pastor Adeboye’s apology on tithe

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Doguwa to Kwankwaso: You can’t speak for north… APC would unseat Kano NNPP

Doguwa to Kwankwaso: You can’t speak for north… APC would unseat Kano NNPP

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PDP, APC warn Rivers electoral commission against declaring results of LG polls

PDP, APC warn Rivers electoral commission against declaring results of LG polls

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Ogun pensioners seek inclusion in health insurance scheme

Ogun pensioners seek inclusion in health insurance scheme

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BREAKING: RSIEC Announces Winner Of Rivers LG Election

BREAKING: RSIEC Announces Winner Of Rivers LG Election

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Trending video: Fresh controversy as Pastor Adeboye reveals position on Rolls Royce gift to Bishop Oyedepo on 70th birthday

Trending video: Fresh controversy as Pastor Adeboye reveals position on Rolls Royce gift to Bishop Oyedepo on 70th birthday

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Nollywood Actor, Saheed Balogun Loses Daughter, Zeenat

Nollywood Actor, Saheed Balogun Loses Daughter, Zeenat

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Nollywood actor Saheed Balogun loses daughter; Fathia, others react

Nollywood actor Saheed Balogun loses daughter; Fathia, others react

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CBN introduces electronic matching system for FX transaction

CBN introduces electronic matching system for FX transaction

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My lovely two of a kind teachers, By Tunde Akanni

My lovely two of a kind teachers, By Tunde Akanni

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Ministry to probe closure of mining company over tax evasion

Ministry to probe closure of mining company over tax evasion

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Boniface achieves new personal milestone in Leverkusen's draw against Holstein Kiel

Boniface achieves new personal milestone in Leverkusen's draw against Holstein Kiel

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Union Homes Partners Afia Homes To Build Affordable Apartments

Union Homes Partners Afia Homes To Build Affordable Apartments

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I Am Not Thinking Of 2027 Election But Next Generation, Says Tinubu

I Am Not Thinking Of 2027 Election But Next Generation, Says Tinubu

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See the new trending posts made by Pastor Adeboye, you will be inspired

See the new trending posts made by Pastor Adeboye, you will be inspired

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ISWAP invades Geidam town in Yobe, kills resident, destroys properties

ISWAP invades Geidam town in Yobe, kills resident, destroys properties

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2027 election not on my mind now – Tinubu

2027 election not on my mind now – Tinubu

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Injury knocks out Osimhen as Eguavoen recalls Ejuke for AFCON qualifying matches

Injury knocks out Osimhen as Eguavoen recalls Ejuke for AFCON qualifying matches

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Ogun govt donates ₦200m to Borno following devastating flood

Ogun govt donates ₦200m to Borno following devastating flood

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World Teachers Day: We Are Working To Address Education Sector Challenges – Tanko

World Teachers Day: We Are Working To Address Education Sector Challenges – Tanko

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Rivers LG poll: Nigeria may start experiencing better election without police — Atiku’s aide

Rivers LG poll: Nigeria may start experiencing better election without police — Atiku’s aide

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Hardship: Senior Citizens Deprived of Palliatives From FG, Pensioners Union Lament

Hardship: Senior Citizens Deprived of Palliatives From FG, Pensioners Union Lament

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You know your members who live above their means - EFCC boss tells pastors

You know your members who live above their means - EFCC boss tells pastors

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Zulum Earmarks N20bn For Infrastructure, Flood Victims

Zulum Earmarks N20bn For Infrastructure, Flood Victims

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Rivers LGs Election: Thugs Allegedly Attack 9News Nigeria Reporters, Destroy Camera, Other Gadgets

Rivers LGs Election: Thugs Allegedly Attack 9News Nigeria Reporters, Destroy Camera, Other Gadgets

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AFCON 2025 qualifier: Eguavoen lists 23 players for Super Eagles vs Libya

AFCON 2025 qualifier: Eguavoen lists 23 players for Super Eagles vs Libya

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NPFL: Super Eagles Stars Musa, Abdullahi Train With Kano Pillars Ahead Of Crucial Sunshine Stars Encounter

NPFL: Super Eagles Stars Musa, Abdullahi Train With Kano Pillars Ahead Of Crucial Sunshine Stars Encounter

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EPL: Liverpool stay top of table as Arsenal, Man City win

EPL: Liverpool stay top of table as Arsenal, Man City win

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Oyebanji Doles Out N47.8M Gifts To Best Teachers In Ekiti

Oyebanji Doles Out N47.8M Gifts To Best Teachers In Ekiti

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Rivers LG Election: Police Confirm Explosions In Port Harcourt, Launch Investigation

Rivers LG Election: Police Confirm Explosions In Port Harcourt, Launch Investigation

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Senator Lawan Commissions Intensive Care Unit At Specialist Hospital Gashua

Senator Lawan Commissions Intensive Care Unit At Specialist Hospital Gashua

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