The naira gained ground on the parallel market Friday, closing at N1,590 to the dollar — a firm improvement from N1,610 the previous day. This marks...
In a bold economic move that continues to reshape Nigeria’s financial landscape, the Federal Government has revealed that the removal of the petrol subsidy under President...
Nigeria’s currency, the naira, faced mixed outcomes in the foreign exchange markets on Tuesday, June 3, 2025, as it depreciated to ₦1,620 per dollar in the...
The Nigerian currency, Naira, appreciated by ₦4.59 against the U.S. Dollar on Thursday, closing at ₦1,586.15 at the official foreign exchange market. Data from the Central...
The naira continued its downward spiral on Wednesday, closing at N1608 to one US dollar in the Nigerian Foreign Exchange Market (NFEM), marking yet another day...
Since his appointment as the Governor of the Central Bank of Nigeria, in October 5, 2023, Olayemi Cardoso has continue to bring on board wide-range of...
Nine leading Nigerian banks raked in a staggering combined interest income of N14.26 trillion in 2024, reflecting a sharp increase in borrowing costs for businesses, especially...
The naira yesterday depreciated in the parallel market, falling to N1,620 per dollar from N1,618 the previous day. However, it appreciated in the Nigerian Foreign Exchange...
Fake news is a global problem. It has caused many avoidable losses in both human and material terms across the world. However, due to its ubiquitous...
In a bid to steady the sliding naira and ease pressure on Nigeria’s foreign exchange market, the Central Bank of Nigeria (CBN) has injected $197.71 million...
