Nigerian businesses are becoming less confident in the economy as expectations of further naira depreciation loom before the year ends, according to the Central...
Nigeria’s foreign reserves surged to $40.08 billion on November 7, 2024, marking their highest level in almost two years, as reported by the Central...
Central Bank of Nigeria (CBN) has authorized banks to trade with foreign currency deposits made under its new amnesty initiative, the “Disclosure Scheme.” This...
Nigerian naira depreciated to N1675.49 and N1750 against the dollar at the official and parallel foreign exchange markets respectively at the close of trading...
House of Representatives on Tuesday took significant steps to address cases of fraudulent deductions by commercial banks from customers’ accounts. This followed the passage...
The CBN has reported foreign investors’ transactions reached N696.88 billion in 2024, the highest since 2018. As the Central Bank of Nigeria (CBN) sustains...
International Monetary Fund (IMF) has reported that Nigeria’s local currency, the naira, is beginning to show signs of stability, largely due to recent interest...