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Naira redesign: Tinubu to treat old, new notes as legal tender

Newly inaugurated President Bola Tinubu, on Monday, said his administration will revisit…

2 Min Read

FX market records highest ever bid as naira falls

Nigeria's foreign exchange (FX) market on Friday recorded the highest ever bid…

2 Min Read

One dollar is now N766 at parallel market

One dollar is now trading at an average rate of N766 at…

1 Min Read

Naira falls to N762 on strong demand amid dollar shortage

Naira on Thursday depreciated against the dollar following strong demand from importers…

3 Min Read

Harder times for businesses as CBN raises rate again

Businesses operating in Africa’s largest economy are in for harder times after…

CBN revokes licenses of 132 Microfinance banks, 3 finance companies, 4 PMBs

The Central Bank of Nigeria (CBN) has revoked the licenses of 132…

2 Min Read

African Ministers call for reforms of IMF’s Special Drawing Rights

African ministers of finance, planning and economic development on Monday, May 22,…

4 Min Read

Low oil, capital flight shrink external reserves

Nigeria’s external reserves have been on a downward trajectory in recent months,…

5 Min Read
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