This is a band aid, the CBN is attempting to fix a problem it can't fix without a huge war chest of FX reserves
The CBN disclosed that the sum of $20,000 would be sold to each BDC at the rate of N1,301/S which represents the lower band rate of...
Moghalu said, “Those who want the Naira to be N400 to the $ are living in a dream world. Even discounting for the negative impact of...
Consequently, the margin between the parallel market rate and NAFEM widened to N97.65 per dollar from N42.61 per dollar on Wednesday.
Nwokeoma also said although foreign airlines have been told to get their funds from the banks using the rate of the I & E window, they...
Clearance of the foreign exchange transactions backlog is part of the overall strategy detailed in last month’s Monetary Policy Committee meeting to stabilise the exchange rate...
Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,560.57 per dollar from N1,572.86 per dollar on Monday, indicating N12.29 appreciation for...
Some of the affected items include rice, cement, margarine, palm kernel, palm oil products, vegetable oils, meat and processed meat products, vegetables and processed vegetable products,...
The market recorded an intraday high of N1,635 per dollar and an intraday low of N1,500 per dollar resulting in a bearing of N135. The volume...
Today, the Naira Black Market exchange rate for 1 US Dollar is 1,618 Naira. This means that you can get 1,618 Naira for every 1 Dollar...
He would take Abraham to the land being occupied by very powerful, unconquerable nations and tell him to look and...
While external military intervention is often considered vital during crises, achieving lasting peace requires a comprehensive approach that extends far...
I write this with no allegiance to any sect or Islamic school of thought. I am writing because Nigeria may...
Psychologically, this reform carries profound meaning. For decades, many civil servants have relied on office chapels and mosques as emotional...
So, is Nigeria economically broke? The uncomfortable truth is that Nigeria is not yet bankrupt but it is dangerously close....
Nigeria’s debt challenge is not merely a financial problem but a national test of leadership, accountability, and vision. The country...
In large parts of the country, especially the northern and middle belt regions, violence from armed groups, bandits, and insurgents...
Nigeria’s 2025 CGT reform is a commendable step toward a more equitable and efficient tax system. Aligning CGT with CIT,...
Super Eagles coach Eric Chelle alleges DR Congo used “voodoo” during the penalty shoot-out in the 2026 World Cup qualifying...
Operating under the "One Country, Two Systems" framework, where Hong Kong and Macao maintain separate legal systems and customs territories,...
CAF has revealed the final shortlist for the 2025 Women’s Player of the Year award featuring Rasheedat Ajibade and two...
Anthony Joshua could earn £70m in a proposed professional bout with Jake Paul, as negotiations advance and Netflix eyes broadcasting...