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The Central Bank of Nigeria have instructed all bank customers to link their National Identification Number (NIN) and Bank Verification Number (BVN) to their bank account...
The Central Bank of Nigeria, CBN has raised its benchmark interest rate, the Monetary Policy Rate MPR to 22.75 per cent. This represents 400 basis points...
The federal government on Thursday, February 23, announced that it has stopped the exportation of Liquefied Petroleum Gas (LPG) also known as cooking gas, to reduce...
Cement manufacturers have agreed to bring down the price of the product from N10,000 to between N7,000 and N8,000 per 50kg provided some conditions are met...
Nigeria’s local currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market. A Bureau de Change operator at Wuse Zone...
Foreign capital inflow into Nigeria dipped by 26.4% to $3.9 billion in 2023, plunging to a 17-year low since 2007 when capital importation stood at $5.3...
The naira fell to a new all-time-low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market on Monday. This indicates a loss of 3.93 per...
The naira yesterday depreciated to N1,500 per dollar in the parallel market from N1,465 per dollar on Tuesday. Similarly, the naira depreciated to N1,479.47 per dollar...
The naira yesterday depreciated to N1,465 per dollar in the parallel market from N1,445 per dollar on Tuesday. However, the naira appreciated to N1,418.78 per dollar...
THE naira yesterday appreciated to N1,445 per dollar in the parallel market from N1,455 per dollar on Monday. However, the naira depreciated to N1,433.89 per dollar...
The naira plunged further at the official window on Tuesday, closing at an all-time-low of N1,482 against the United States dollar. The local unit had closed...
In apparent reflection of the dollar scarcity plaguing the economy, the Naira yesterday recorded its biggest fall in the official Nigerian Foreign Exchange Market (NAFEM) where...
