Moody’s, the global rating agency, has predicted a further rise in the already historic high in the nation’s inflationary rate to 18 per cent. According to...
Nigerians hoping to build houses in the near future and those in the construction industry have to now reconsider their plans in terms of cost. This...
A three-year old boy, Bashir Aliyu, died while three others sustained injuries as a result of windstorm which destroyed several houses at Shuni town in Dange-Shuni...
For the third consecutive weekends, Nigeria’s overnight interbank lending rate has maintained a steady rise, hitting above two-digit percentage rise. The rate in the months of...
If the current effort by Nigerians living outside the shores of the land is sustained, naira, the local currency may soon regain some lost grounds against...
The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, Saturday, defended the decision of the apex bank to increase interest rate, adding that...
After the much celebrated declaration of the Nigerian economy as the largest in Africa and 26th in the world, South Africa has pushed the country back,...
The recent directive by the Central Bank of Nigeria (CBN) limiting the number of international money transfer operators (IMTOs) from 15 to five has continued to...
Foreign airlines in Nigeria have expressed concern over the persistent scarcity of dollars and fall of the naira value, both of which have started having a...
The presidency has reacted to criticisms trailing the directive made by the Central Bank of Nigeria (CBN) to banks to sell dollar to intending hajj pilgrims...
The Nigerian currency, the naira, collapsed to an all-time low, exchanging for 400 per dollar at the parallel market on Friday. No official reason was adduced...
The Central Bank of Nigeria (CBN) has directed commercial banks to immediately start the process of extending dollar loans to their customers. This is seen as...
Nigeria will this week conclude talks with the African Development Bank (AfDB) for a $1 billion loan with which to finance its N6.06 trillion 2016 budget....
Apparently disturbed by the continuous slide of the naira, the Central Bank of Nigeria on Friday rose to the challenge by injecting $5 million to the...
If the current effort by Nigerians living outside the shores of the land is sustained, naira, the local currency will soon regain some lost grounds against major currencies. Last year alone, Nigerians abroad sent $31.5 billion home and have...
The Nigerian currency, naira, fell N351 to the United States dollar at the parallel market and slightly to 282 at the new interbank market on Monday....
The Naira on Friday fell to N281 to dollar despite dollar injection worth $58 million into the market. The dollar supply was the fifth in row...
The Naira strengthened against the dollar to close at 281.50 to the dollar on Wednesday, its first daily gain since the Central Bank of Nigeria (CBN)...
For those who thought President Muhammadu Buhari is getting bugged down by age or ill health, especially in the wake of his recent 10-day vacation, they...
Statistical data from the Central Bank of Nigeria (CBN) Tuesday show that the Naira gained for the second day of trading without a peg after the CBN...
For the second day, the naira has depreciated to N286 per dollar as the Central Bank of Nigeria (CBN) sold $2 million dollars in interbank market...
The Central Bank of Nigeria (CBN) has set the stage for the devaluation of the naira, as it said on Wednesday that it will allow the...
The decision of the Federal Government to increase the pump price of Petrol from N86. 50 to N145 has continued to have rippling effect on the...
The Governor of Ekiti State, Mr. Ayodele Fayose, on Sunday, called on President Muhammadu Buhari to devalue the naira, even as he said he holds the...
The Federal Government and 36 states governors have oncluded plans to hold a retreat to consider alternatives to devaluation of the naira. This was disclosed on...
By Reuben Abati . . . “My brother, e ku exchange rate oh.” “Excuse me?” “I am greeting you. I am saying how are you and...
In what may appear as a dramatic turn around in the fortune of the naira, the Nigerian currency rallied strongly against the United States dollar on...
The fate of the naira no doubt hangs on the balance, what with the unprecedented fall of the local currency, which exchanged for N400 to the...
By Dele Sobowale . . . . “Love and business and family and religion and art and patriotism are nothing but shadows of words when a...
The nation’s currency has hit another all-time low exchanging at N345 to the dollar in the parallel market. Meanwhile, the official Central Bank of Nigeria (CBN)...
The National Bureau of Statistics (NBS) has stated that speculative pressure on the Naira was likely to persist in 2016 in light of the current state...