GSK Quits Kenya After Nigeria Exit GlaxoSmithKline (GSK), a British pharmaceutical multinational, has withdrawn from Kenya, following its departure from Nigeria four months ago, signaling a...
Why Petrol Price Should Be N750 Per Litre – World Bank The World Bank has indicated that the Federal Government of Nigeria might still be shouldering...
CBN Makes Fresh Announcement On Processing Fees On Large Cash Deposits The Central Bank of Nigeria has announced the suspension of processing fees on large cash...
CBN Reacts To Reports That Banks Failed Stress Test The Central Bank of Nigeria (CBN) emphasized the resilience of the Nigerian banking industry, citing that key...
Monday Update: Naira Starts The New Week On A Bad Note, Witnesses Significant Depreciation Against Dollar And Global Currencies – Unveiling The Latest Exchange Rates Written...
Why There’s Naira Scarcity – CBN The Central Bank of Nigeria (CBN) has provided an explanation for the shortage of naira notes in the country. This...
Nigeria Outlook Raised To Positive By Moody’s On Reform Progress Nigeria’s credit outlook was raised to positive by Moody’s Investors Service as the nation takes steps...
Naira Falls To All-time Low The naira reached a historic low of N1,099.05/$ in the official Investor and Exporter forex window on Friday, concluding a tumultuous...
6 Ways To Detect Fake Naira Note The Central Bank of Nigeria issued a warning on Friday, alerting Nigerians to exercise caution regarding counterfeit naira notes...
Naira Falls Again In Parallel Market Yesterday, the naira witnessed a depreciation to N1,200 per dollar in the parallel market, compared to the previous day’s rate...
Naira Records Heavy Fall Against Dollar (SEE EXCHANGE RATE) On Wednesday, the official Investor and Exporter forex window witnessed a 17.91% depreciation of the naira, reaching...
Naira Strengthens At Official Market, Stable On Parallel Window (SEE EXCHANGE RATES) On Tuesday, Nigeria’s Naira exhibited strength, reaching N806.73 against the dollar at the official...
Naira Falls In Parallel Market (SEE EXCHANGE RATE) Naira Falls In Parallel Market (SEE EXCHANGE RATE) On Monday, the Naira experienced a decline to N1,170 per...
CBN Bans Manual Account Opening, Gives Fresh Directive To Banks CBN Bans Manual Account Opening, Gives Fresh Directive To Banks The Central Bank of Nigeria (CBN)...
BREAKING: Naira Falls Heavily (SEE EXCHANGE RATE) BREAKING: Naira Falls Heavily (SEE EXCHANGE RATE) The official Investor and Exporter forex window recorded the naira closing the...
BREAKING: What Naira Did To Dollar As Tinubu Presented 2024 Budget BREAKING: What Naira Did To Dollar As Tinubu Presented 2024 Budget For the...
CBN Directs Banks To Issue, Accept Old, Redesigned Naira Banknotes Following the order of the Supreme Court on Wednesday, November 29, 2023, granting the prayer of...
BREAKING: What Naira Did To Dollar Hours Ago At Official, Parallel Markets On Friday, the Nigerian naira bounced back against the United States dollar at the...
BREAKING: Many Nigerians ‘Injured’ As Naira Collapses Heavily On Thursday, the naira experienced a decline to N956/$ on the official Investor and Exporter forex window, reflecting...
BREAKING: Naira Appreciates Massively Against Dollar (SEE LATEST EXCHANGE RATES) On Friday, November 17, 2023, the Nigerian naira experienced a substantial appreciation against the US dollar,...
BREAKING: Naira Depreciates At Forex Markets (SEE LATEST EXCHANGE RATES) The naira depreciated against the United States dollar at the official market on Thursday, reversing the...
BREAKING: Speculators React As Naira Crashes Again (SEE LATEST EXCHANGE RATE) On Monday, the naira experienced a sharp drop against the dollar, averaging at 1,030/$ in...
President Of Association Of Bureau De Change Operators Exposes Why Naira Is Gaining Strength The Association of Bureau De Change Operators of Nigeria, ABCON, has disclosed...
BREAKING: Its No Longer N950/1$ – See The Latest Exchange Rate Between Naira And Dollar On Friday, the value of the dollar relative to the naira...
BREAKING: What Will Happen To Naira By December – US Multinational Financial Services Firm JP Morgan Gives Projection On Wednesday, JP Morgan, a US multinational financial...
BREAKING: Naira Appreciates To N786.02/$1 (DETAILS) On Wednesday, November 1st, 2023, the Nigerian naira strengthened against the US dollar, closing at an exchange rate of N786.02/$1...
BREAKING: Naira Appreciates Against Dollar For First Time In Three Weeks (SEE NEW RATE) On Wednesday, the Naira exhibited an uptick against the US Dollar on...
FULL LIST Of Internally Generated Revenue By States, FCT In 2022 According to the National Bureau of Statistics (NBS) report released on Monday, a total of...
BREAKING: More Lamentations For Nigerians As Naira Falls Again (SEE NEW EXCHANGE RATE) The Nigerian naira continues its decline due to a growing scarcity of the...
BREAKING: CBN Lifts Forex Restrictions On Importation Of 43 Items (FULL LIST) The Central Bank of Nigeria (CBN) has announced the removal of foreign exchange restrictions...
Naira Depreciates At Forex Markets According to data published on the FMDQ website, the Nigerian Naira experienced a significant decline against the United States dollar in...
BREAKING: Government To End All Dollar Cash Withdrawals By January 1, 2024 (DETAILS) Starting from January 1, 2024, Iraq will implement a ban on cash withdrawals...
What Dangote Paid As Tax To Nigerian Government In Last Three Years The Dangote Group, a Nigerian multinational industrial conglomerate, declared on Thursday that its subsidiaries...
See The Group of Persons Nigerian Government Wants To Aim At To Grow Tax Revenues The Nigerian government is poised to reevaluate tax rates for high-income...
Naira Appreciates At Forex Markets (DETAILS) On Friday, official market data from the FMDQ website indicated a slight gain for the Naira against the United States...
BREAKING: Naira Sinks To 1,000 Per Dollar In Nigeria On Tuesday, the naira experienced a significant drop, breaching the significant psychological barrier of 1,000 per dollar...
What Cardoso’s Nomination Put An End To At CBN, Financial System In a significant development, President Bola Ahmed Tinubu has nominated Dr. Olayemi Michael Cardoso as...
OPEC Reveals Top 5 Oil Producers In Africa As Nigeria’s Output Rises To 1.18m bpd OPEC has reported that Nigeria’s oil production increased to 1.18 million...
CBN Stops Banks From Spending Forex Revaluation Gains, Gives Reason The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to stop utilising gains...
Marketers Reveal Why They Can’t Break NNPCL Monopoly On Petrol Import The inability of independent marketers to access foreign exchange (forex) and navigate price control regulations...
See 8 Strong Currencies In Africa The potency of a currency often hinges on the stability of a nation’s economy, coupled with low inflation and interest...
CBN Replies JP Morgan On Estimate Of Nigeria’s Net FX Reserves The Central Bank of Nigeria (CBN) has criticized the recent assessment of the country’s foreign...
Nigeria Plans Dollar Asset Listings To Ease Forex Woes The Nigerian stock exchange is considering the possibility of allowing dollar-denominated bond listings and potentially extending this...
Dealers Dump Dollar As Naira Gains About 15% The Nigerian naira made significant progress against the US dollar in the unofficial market, experiencing a gradual increase...
BREAKING: Forex Speculators Record Heavy Losses As Naira Gains N55/$, Exchanged Below N890/$ The Nigerian Naira experienced an increase in value within the Peer-to-Peer (P2P) market...
Federal Government Denies Plans For Tax Increase The Federal Government has explicitly stated that there are no intentions to raise taxes or impose additional financial burdens...
BREAKING: Amidst Scarce Foreign Exchange, Nigeria Records Highest Inflation Rate in Years In July 2023, Nigeria witnessed a significant surge in its inflation rate, reaching 24.08%,...
BREAKING: Diesel Price To Hit N867 Per Litre In Lagos, N875 In South West (DETAILS) Starting today, Saturday, August 12, diesel prices will rise to N867...
Naira Drops To All-time Low At Black Market The Nigerian naira reached a historic low against the US dollar in the unauthorized market on Thursday, according...
Real Reason Naira Continues To Fall – CBN The Central Bank of Nigeria (CBN) attributed the ongoing depreciation of the Naira against the US Dollar to...