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...
Nigeria might be the richest economy in Africa but that does not impress hard-nosed investors who buy and sell shares at the local stock exchange. The...
When Muhammadu Buhari clinched victory in Nigeria’s presidential elections in March, stocks soared as investors looked to the former military ruler to reverse decades of economic...
by Chukwu Obi The Naira on Friday depreciated by N5 to the dollar as it traded N215 at the Bureau De Change (BDCs) segment of the official...
by Deji Abiodun The Central Bank of Nigeria has moved to lessen the pressure on the country’s foreign exchange reserves resulting from spurious demand. A statement...
