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The Special Adviser to the President Bola Tinubu on Economic Matters, Tope Fasua, has said a weaker currency for the country was one of the best...
The newly implemented foreign exchange market system by the Central Bank of Nigeria (CBN) has been credited for the recent surge in the value of Nigeria’s...
Organised Labour has called on President Bola Ahmed Tinubu to reverse policies on the floating of the national currency and rising energy costs, citing the need...
Residents of some states in the country have been affected by fresh naira scarcity despite increased supply from the Central Bank of Nigeria (CBN). According to...
Former Central Bank of Nigeria (CBN) Deputy Governor Kingsley Obiora has testified that the bank’s board never recommended the 2022 naira redesign to then-President Muhammadu Buhari....
A new report by BMI, a Fitch Solutions subsidiary, warns that the naira could weaken to ₦1,993 against the U.S. dollar by 2028, posing severe challenges...
MTN Nigeria Communications Plc (MTN Nigeria) has reported a loss after tax amounting to ₦514.9 billion. This figure was recorded in the company’s financial results for...
Nigeria’s legal tender, the naira, now ranks as the third worst-performing currency globally, following a steep 70% loss in value against the dollar this year. It...
Airtel Africa reported a revenue decline to $2.37 billion for the half-year period ending September 30, 2024, primarily attributed to the significant depreciation of the Nigerian...
The Labour Party Caucus Leader in the House of Representatives, Afam Ogene, has criticized the Central Bank of Nigeria (CBN) for its lack of clarity regarding...
The House of Representatives have asked the Central Bank of Nigeria (CBN) to withdraw old currency notes and increase the issuance of new naira notes. In...
A prominent member of the All Progressives Congress (APC), Joe Igbokwe, has intensified his criticism of Nigeria’s economic situation under President Bola Tinubu, expressing deep concern...
Members of the Organised Private Sector and Civil Society Organisations have expressed deep concerns over the worsening economic conditions in Nigeria, highlighted by escalating inflation, rising...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Thursday revealed that the weak naira helps boost Nigeria’s exports to other nations. Cardoso...
The Nigerian naira has been identified as one of the least-performing currencies in Sub-Saharan Africa for 2024. The World Bank revealed this in its latest Africa’s...
The Nigerian naira faced a significant depreciation in the official market on Wednesday, trading at ₦1,669.15 to the dollar. Data from the FMDQ Exchange, which manages...
The Nigerian currency, the Naira saw a rise to ₦1,640 per dollar in the unofficial market, up from ₦1,650 per dollar the day before. Likewise, the...
The Minister of Finance and Coordination Minister of the Economy, Wale Edun, has convened a high-level meeting with stakeholders to execute President Bola Tinubu’s directive for...
The Central Bank of Nigeria (CBN) has confirmed that it sold foreign exchange (FX) to banks worth $876.26 million at ₦1,495 per dollar. According to a...
The Nigerian naira continued its downward trajectory against the dollar, hitting a new low of ₦1,561 at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday,...