Economy

Since the Central Bank of Nigeria (CBN) prohibited the sale of dollars to bureau de changes, the black market value of the dollar against...

The naira has recovered five days after dropping below N900/$, rebounding by N730/$. The local currency is currently in a stronger position than it...

Commercial bank operators in the nation have disputed claims made by the Central Bank of Nigeria (CBN) that they are hoarding naira notes despite...

Work days have been reduced from five days to three per week for every worker in Kwara state, The directive was given by the Kwara...

Lagos State Governor Babajide Sanwo-Olu has signed the Lagos State Wealth Fund (LSWF) bill and the Lagos State Civil Bill which will be sent...

Malami says the proposed ban of Okada could cut off sources of funds for terrorists and bandits. The Federal Government is considering banning the use...

Wednesday, 20th July 2022: The exchange rate between the naira and the US dollar closed at N426.58/$1 at the Investors and Exporters (I&E) window, where...

The naira has crashed further in the parallel market, trading for N710 against the U.S. dollar on the exchange platform Aboki Forex. Checks on Wednesday...

Muhammadu Buhari, the Nigerian President has apologised to Nigerians. He apologised over the naira redesign policy, saying that it was not introduced to cause hardship. In...

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 15.5 percent, from 14 percent in a bid to curb...