Naira Appreciates to N1,580.46 at I&E Window, Boosted by CBN Dollar Sale
The Nigerian naira showed significant recovery against the US dollar at the official Investor and Exporter (I&E) window, closing at...
Forex Crisis Threatens Multimillion-Dollar Data Centre Investments in Nigeria
Nigeria’s ongoing foreign exchange (forex) crisis is posing a significant threat to the country’s fast-growing data centre industry, with operators...
CBN Updates Exchange Rates as Naira Strengthens Against Dollar
The Central Bank of Nigeria (CBN) has adjusted the exchange rates for the naira against major foreign currencies. In the...
Equity Market Declines by N83bn Amidst Sell-Offs in Major Stocks
The Nigerian Exchange (NGX) recorded a loss of N83 billion in market value last week as investors responded to sell-offs...
Nigeria’s VAT Revenue Doubles in First Seven Months of 2024 Amid Rising Cost of Living
Nigeria's Value Added Tax (VAT) revenue has more than doubled in the first seven months of 2024, reaching N3.62 trillion,...
Nigeria’s Economic Activity Shows First Growth in Over a Year, CBN Reports
Nigeria's economy has shown signs of recovery for the first time in 13 months, according to the Central Bank of...
PoS Operators Sue Government Over Mandatory Registration as Deadline Ends
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has filed a lawsuit against the Corporate Affairs Commission...
Naira Depreciation Persists, Approaches N2,000 per Dollar
The naira continues its downward slide in the foreign exchange market, marking its third consecutive day of depreciation as the...
Naira Hits Six-Month Low, Trading at N1,625.88 per Dollar
The Nigerian naira has fallen to a six-month low, trading at N1,625.88 per dollar in the official Nigerian Autonomous Foreign...
CBN Set to Adjust Customs Exchange Rate as Naira Hits 6-Month Low
The Central Bank of Nigeria (CBN) is preparing to adjust the customs exchange rate used for clearing goods at the...
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