The Nigerian currency settled lower against the haven currency in the second trading session of the week amid high demand for the U.S. dollar in both the official and unofficial markets. CBN data show...
The Central Bank of Nigeria (CBN) has raised concerns over the increasing trend of illicit transactions involving banknotes, warning that the practice threatens the stability of the financial system. ...
The naira on Thursday fell sharply against the dollar by 3.5 percent in the parallel market, popularly called black market. Data collated from street traders and online data collating platforms showed...
Analysis of the CBN data showed that a significant portion of the N5.24 trillion, N4.74 trillion, or 90.4 per cent, was held outside the banking system, reflecting the continued dominance of cash tran...
The steady appreciation of the naira was as a result of about $8 billion the federal government spent to keep it up to its current levels, Bismarck Rewane, the MD/CEO of Lagos-based Financial Derivati...
In the past week, the naira experienced a mixed performance across various segments, reflecting the Central Bank of Nigeria’s ongoing efforts to stabilise the currency. Analysts said that forex market...
The Nigerian naira is at its strongest level in the unofficial market this year amid improved market fundamentals and ongoing reforms by the Central Bank of Nigeria. The naira buying price in the blac...
The purpose of the CBN directive was to implement the January 31 deadline....
In 2023, total federally distributable income is projected to be 11.09 trillion Naira, while total revenue available to fulfill the 2023 Federal Budget is projected to be 9.73 trillion Naira. This cov...
The story of Nigeria’s stolen oil, the military, and a guy called Government. Crude Oil Theft Nigeria Even the most pessimistic about Nigeria’s obscure but very valuable oil business were ...
