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Owning a private jet in Nigeria isn’t just for convenience, but also a display of wealth and affluence as many Nigerians ranging from politicians, to artists...
The three tiers of government recorded N1.05 trillion in income from exchange rate gains into the Federation Account, in nine months to September 30th, 2023, triggered...
The naira is currently trading above N1,300/$ on the Peer-to-Peer cryptocurrency window on Tuesday. This is as many traders on the parallel market confirmed that the...
Nigeria’s headline inflation has increased to 28.92 per cent in December from 28.20 per cent in November. The National Bureau of Statistics disclosed its consumer price...
The naira yesterday appreciated N874.79 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose...
The Naira on Tuesday depreciated to N1,089.51 against the US dollar at the official foreign exchange market. Data from FMDQ showed that the Naira dropped to...
The naira closed trading at N1035.12/$ on the official Investor and Exporter foreign exchange window on Wednesday. This is a 4.72 per cent decline from the...
The Federal Government has received a $2.25b foreign exchange support facility from the African Import-Export Bank. This was confirmed by Finance Minister Wale Edun to Arise...
The Central Bank of Nigeria has affirmed the safety of funds in Nigerian banks, emphasising the stability of the country’s banking sector. The apex bank therefore...
Nigeria’s currency, the Naira, depreciated marginally against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the official market, but gained at the parallel market....
The Central Bank of Nigeria has suspended the processing fees on large cash deposits, a release by the Acting Director of Supervision, Dr Adetona Adedeji, on...
Again, Nigeria’s currency, the Naira, gained against the US Dollar on Tuesday at the official foreign exchange market. Official data from FMDQ disclosed that the Naira...