A former Speaker of the House of Representatives, Yakubu Dogara, believes that by unlocking “idle” foreign exchange stashed in private vaults, the monetary authorities can strengthen...
Nigeria’s foreign exchange reserves have fallen by $1.8bn in 10 weeks, according to data from the Central Bank of Nigeria. As of May 29, 2024, the...
Nigeria spent about 70% of its dollar payments to service external debts between January and March 2024. According to data from the Central Bank of Nigeria...
The House of Representatives has resolved to assess the implications of the foreign exchange on the 2024 Appropriation Act. This follows the adoption of a motion...
The Central Bank of Nigeria, CBN, has restated commitment to boost liquidity in the Foreign Exchange (FX) market. CBN’s Director, Corporate Communications, Dr Isa AbdulMumin, made...
The Central Bank of Nigeria (CBN) has responded to the recent estimation of the country’s foreign exchange (FX) reserves made by JP Morgan, stating that the...
Nigerians have been asked to brace up for increase in the prices of bread, a major food item on the table of almost all Nigerians. The produce...
The naira has dropped to a record low of N742 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black...
The continued scarcity of foreign exchange on Wednesday pushed the naira to an all-time-low of 420 against the United States dollar at the parallel market. The...
Audu Ogbeh, the minister of agriculture and rural development, says the ministry will begin the paddock development (growing of special grasses for cattle) in August. News...
The Nigerian government has warned ‘certain elements’ within some of the nation’s national institutions whom it said were using their accomplices to manipulate the foreign exchange...
The Central Bank of Nigeria (CBN) says autonomous sources such as exporters and correspondent banks now control the price of dollars in banks and the Bureau...