The Nigerian naira experienced a significant increase on Wednesday, reaching N1,490 against the US dollar in the parallel section of the foreign exchange market. This represents...
The Nigerian naira displayed mixed movements against the US dollar as the week neared its end. Official data from FMDQ revealed a slight strengthening of the...
The Central Bank of Nigeria’s new recapitalization criteria for its members in the midst of the foreign exchange crisis have drawn criticism from the Association of...
The Central Bank of Nigeria (CBN) has recently issued a directive that signals a green light for prominent fintech players like OPay, Moniepoint, and others to...
The Central Bank of Nigeria Monetary Policy Committee has implemented a significant increase in interest rates, raising them by 150 basis points from 24.75 per cent...
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has announced that crude oil production in Nigeria is approaching 1.7 million...
The Nigerian government has highlighted the potential benefits of adopting Compressed Natural Gas (CNG) as a means to combat the high inflation rate, which reached 33.69...
Kogi, Bauchi, and Oyo have been identified as the three most expensive states in Nigeria when considering year-on-year basis due to their high All Items Inflation...
Aliko Dangote, the Chairman of the Dangote Group, emphasized that the Dangote Refinery’s plan will eliminate the need for Nigeria to import gasoline by next month....
The Naira experienced a significant appreciation against the Dollar at the official foreign exchange market, with an increase of N61.38. According to FMDQ data, this appreciation...