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The President of Dangote Group, Aliko Dangote, has commended President Bola Ahmed Tinubu over his economic policies. He stated that the President’s policies are stabilising the...
The Nigerian naira yesterday slumped further in the official Nigerian Foreign Exchange Market (NFEM), depreciating to ₦1,537 per US dollar. Naija News reports that this surpassed...
Nigeria’s currency, the Naira, closed the past trading week on a marginally weaker note at the Nigerian Foreign Exchange Market, depreciating by 0.14 per cent week-on-week...
The Nigerian currency, the Naira, appreciated against the dollar on Monday, gaining strength in both the parallel market and the Nigerian Foreign Exchange Market (NFEM). In...
Nigeria’s currency, the Naira, witnessed a mixed performance on Tuesday, appreciating in the parallel market while experiencing a slight decline at the Nigerian Foreign Exchange Market...
The Economic and Financial Crimes Commission (EFCC) has formally invited former Niger Delta militant leader, Chief Government Ekpemupolo, popularly known as Tompolo, for questioning over allegations...
The Economic and Financial Crimes Commission (EFCC) has urged Nigerians to respect the national currency. Naija News reports that EFCC spokesman, Dele Oyewale, said the crackdown...
The Nigerian currency, the Naira, experienced a decline in the official market, trading at ₦1,602.18 per dollar. According to data from the Central Bank of Nigeria...
The Central Bank of Nigeria (CBN) has introduced updated documentation requirements for transactions carried out via the Pan-African Payment and Settlement System (PAPSS) in Nigeria. In...
The Senator representing the Ogun West Senatorial District, Solomon Adeola, has refuted claims that former President Muhammadu Buhari’s administration borrowed $400 billion to stabilise the naira....
A witness for the Economic and Financial Crimes Commission (EFCC), Chinedu Eneanya, testified on Thursday before the Federal Capital Territory High Court in Abuja, alleging that...
Nigeria’s foreign reserves have decreased by $2.2 billion, raising concerns about the central bank’s backing of the Naira and the resolution of over $2 billion in...
Currency in circulation within the Nigerian banking sector surged to ₦5.24 trillion in January 2025, marking the highest level ever recorded by the Central Bank of...
The Naira experienced an appreciation on Wednesday, rising to ₦1,630 per dollar in the parallel market, up from ₦1,640 per dollar on Tuesday. The Naira also...
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...
