Naira depreciates to N749/$ in the parallel market.

The International Monetary Fund on Monday 31 January 2023 published its latest economic growth projections for 2023 and 2024 in...

Currency in circulation drops massively in the third quarter of 2022.

Following the Central Bank of Nigeria’s (CBN) new naira policy to manage currency in circulation in the country, the currency...

Nigeria’s Debt Position caused Moody’s downgrade.

Moody’s has downgraded Nigeria’s long-term foreign currency, local-currency issuer ratings, and foreign currency senior unsecured debt ratings to Caa1 from...

Nigeria’s Gross Foreign Reserve Records the Fourth Decline this Month, Stands at $38.95 Billion

Naira appreciates to N746/$ in the parallel market.

Naira appreciates against the US dollar at the parallel market on Wednesday morning, 1st January 2023, to trade at an...

Nigeria’s public debt stock grew to 2.84% in Q3 2022.

Nigeria’s public debt stock increased from N42.84 trillion (103.31 billion dollars) in the second quarter of 2022 to N44.06 trillion...

Central Bank Governor finally appears before house of reps over naira redesign.

The Central Bank Governor (CBN), Godwin Emefiele, appeared before the ad-hoc committee of the House of Representatives, which is investigating...

Fuel scarcity bites harder in Lagos.

Residents in Lagos State have continued to complain about the hardships they are facing due to the shortage of Premium...

POS operators hike charges on cash transactions.

Nigerians are lamenting over the hike in cash transaction charges imposed by point-of-sale operators (POS) despite the extension of the...

Naira appreciates to N750/$ in the parallel market.