Obi Urges FG To End Customs FX Rates Inconsistency
Peter Obi, the 2023 presidential candidate of the Labour Party, has called on the Federal Government to address the inconsistency...
Nigeria’s Broad Money Supply Hits Historic High, Surging to N93.72 Trillion
Nigeria's monetary landscape witnessed a monumental surge as the broad money supply skyrocketed to a historic high of N93.72 trillion...
Banks Sell $172 Million as CBN and EFCC Combat Currency Speculators
In a bid to curb the activities of currency speculators and stabilize the exchange rate, Nigerian banks have sold approximately...
NCC Orders Telecom Firms to Block Access to Binance and Other Crypto Sites Over FX Rate Hike
In a surprising move impacting Nigeria's cryptocurrency landscape, the Nigerian Communications Commission (NCC) has issued a directive to telecommunications firms...
Senate to Investigate Buhari Government and Emefiele Over N30 Trillion CBN Loans
In a bid to unravel the circumstances surrounding the N30 trillion loans obtained by the Central Bank of Nigeria (CBN)...
FG Raises Exchange Rate for Cargo Clearance to N1,605/$
In a recent development, the Federal Government, through the Central Bank of Nigeria, has once again adjusted the exchange rate...
P2P market crosses N1800/$1 as Official Rates Settled at N1551/$
The Nigerian naira witnessed mixed fortunes in forex markets on Tuesday, February 20th, 2024, with the official exchange rate settling...
Job Seeker Decline as Self-Employment Surges Amid Tough Economy
The National Bureau of Statistics (NBS) has released its latest report on Nigeria's labour market, uncovering significant shifts in employment...
Eu to invest €37m in Nigeria’s Power Sector
The European Union (EU) has announced a substantial investment of €37 million in Nigeria's power sector, adding to the approximately...
EFCC Arrests 50 BDC Operators in Abuja for FX Rates Manipulation
In a targeted crackdown on illicit financial activities, operatives of the Economic and Financial Crimes Commission (EFCC) raided several Bureau...
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Nigeria Records N366bn Drop in Exports to US as Imports Surge in Q1 2026
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