Mustapha Popoola, Executive Director of RIKE-SD, emphasized the significance of institutionalizing research, development, and innovation across sectors. He outlined plans to launch a coordination platform for...
This comes after the Central Bank of Nigeria (CBN) announced a 200 basis points increase in the Monetary Policy Rate (MPR) during its 294th Monetary Policy...
The recent appreciation of the naira against the dollar can be attributed to foreign exchange reforms implemented by the Central Bank of Nigeria (CBN).
Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,408.04 per dollar from N1,431.49 per dollar last week Friday, indicating N23.45 appreciation...
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...
The recent crashing of the currency in the bureau de change reflects the dire state of Nigeria's financial sector and underscores the government's failure to effectively...
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...