According to the Central Bank of Nigeria (CBN), the big drop in the country’s foreign exchange reserves was not due to the defence of the Naira....
In both the official and parallel markets for foreign exchange, the value of the Nigerian naira continued to fall on Friday. Friday’s closing price on the...
On Sunday, August 15, 1971, the United States economy was literally facing a firing squad. The Dollar was in a mess. Price gougers were everywhere, and...
The Acting Director of Corporate Communications of Nigeria’s Central Bank, Hakama Sidi-Ali, has confirmed it settled almost $2 billion of forward liabilities in the past three months. The...
A fall in Nigeria’s foreign reserves by $1.6 billion to $32.97 billion has been observed since the country’s central bank’s recent efforts to unify foreign exchange...
Africa’s payment cards and digital tokens brand, Verve has partnered with one of Nigeria’s financial institutions, Sterling Bank to launch its first line of Naira credit...
Multilateral body, the World Bank has said that Nigeria’s currency, the Naira, is among the worst-performing currencies in Africa. The bank explained in its report titled,...
Barely a week after the suspension of Nigeria’s central bank governor, Godwin Emefiele, there are reports that the apex bank has given commercial banks a go-ahead...
Nigeria’s apex court has adjourned hearing in a suit filed by Kaduna, Kogi and Zamfara states against the federal government over set deadline for the use...
Nigeria’s apex court, the Supreme Court has ordered a suspension of the deadline for the swapping of old to new Naira notes by the Central Bank...