In 2022, the naira's value against the US dollar reached historic lows, particularly in the black market. The naira continued to deteriorate as the Central Bank of Nigeria (CBN) attempted ...
Nigeria is likely to earn less foreign exchange as global natural gas prices fell by more than 50% in January. Oluwatomi Mayowa, a senior analyst at Financial Derivatives Company, made ...
The President, Aircraft Owners and Pilots Association of Nigeria, Alex Nwuba, has disclosed that airport privatisation will help to reduce the subsidy burden on the Federal Government. In a telephone ...
On Wednesday, January 4, the Naira fell against the US Dollar in the black market, Peer-2-Peer (P2P), and Investors and Exporters (I&E) segments of the foreign exchange (FX) market. In ...
The Federal Government spent $548.67m (N246.11bn using the official exchange rate of N448.55 to a dollar by the Central Bank of Nigeria ) to service railway-related debts between 2016 and ...
In the first trading day of the year, the Nigerian Stock Exchange (NGX) stock market opened on a bright note as capitalisation hit above N28 trillion, yesterday. The NGX All Share Index ...
On Tuesday's first working day of the year, the Naira fell against the US dollar in the Peer-to-Peer (P2P) segment of the foreign exchange market. In the P2P forex window, ...
On Tuesday, January 3, 2023, the Naira strengthened in the parallel market due to increased foreign currencies' inflows into the foreign exchange (forex) market segment. According to Entrepreneurng's checks on ...
The World Bank has projected that interest payments on the Federal Government’s borrowing from the Central Bank of Nigeria will gulp about 62 per cent of government revenue by 2027 ...
Food and beverage imports for households rose by 71.12 per cent between the third quarter of 2018 and the corresponding quarter of 2022 despite the foreign exchange crisis in the ...
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