Naira Appreciates Against Dollar, Hits N1,470/$1 in Parallel Market
In a surprising turn of events, the naira appreciated significantly against the dollar in the parallel market on Friday, May...
Concerns Rise as Dollar Hits N1,533.99 in Official Market
The Nigerian naira has hit a new low, trading at N1,533.99 to the dollar in the official market, stirring widespread...
FAAC Distributes N1.208 Trillion to FG, States, LGs from April Revenue
In a recent announcement, the Federation Account Allocation Committee (FAAC) has disclosed the distribution of N1.208 trillion to the federal,...
Naira Recovers to 1,459.02/$ After Week-Long Decline
After experiencing a week of depreciation, the Nigerian naira made a significant recovery on Wednesday, trading at N1,459.02 per dollar...
FG Targets $2.7 Billion Revenue Boost from Marine Sector
The Federal Government of Nigeria has made significant strides in developing a national policy on the marine and blue economy,...
Naira Continues Decline At N1540/$ Despite Weak U.S. Dollar Index
The Naira has experienced a further decline in the country’s unofficial foreign exchange market, falling to a new low of...
Insufficient Forex Allocation Blamed for Naira Depreciation, Says BDC Official
A senior official from the Association of Bureau De Change Operators of Nigeria (ABCON) has pointed to insufficient dollar allocations...
EFCC Raids Currency Speculators as Naira Falls to 1,520 per Dollar
In a significant crackdown, operatives of the Economic and Financial Crimes Commission (EFCC) conducted extensive raids on Bureau De Change...
Airtel Africa Announces Plans to Take Mobile Money Unit Public in 2025
Airtel Africa is set to launch its mobile money unit, Airtel Money, in an initial public offering (IPO) in 2025...
Naira Reaches Six-Week Low, Hits Intra-Day High at N1,515/$1 in Official Market
In a concerning turn of events, the exchange rate between the Nigerian naira and the US dollar surged to an...
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