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...
The Nigeria National Petroleum Company (NNPC) Limited has reportedly discontinued its naira-for-crude oil supply arrangement with Dangote Petroleum Refinery and other local refineries, TheCable has learned....
The Nigerian Naira recorded its sharpest depreciation against the US dollar on Wednesday, hitting ₦1,500.8/$1 in the official market, according to the Central Bank of Nigeria...
The Naira appreciated against the United States dollar in the official market on Friday, 28th February , 2025, trading at N1,492.49, reflecting the impact of ongoing...
Nigeria’s foreign exchange reserves have dropped by $2.2 billion as the Central Bank of Nigeria (CBN) continues its efforts to support the Naira and settle a...
The Nigerian naira has continued its upward trajectory over the past three weeks, reflecting growing stability in the country’s foreign exchange market. On Friday, currency traders...
