Currencies

In the first quarter of 2024, Nigerians spent $38.17 million on foreign education, representing an 83% decrease from the $218.87...

Nigerians significantly reduced their expenditure on foreign education in the first quarter of 2024, according to recent data from the...

The Central Bank of Nigeria (CBN) has introduced new regulations to facilitate the recovery of funds from dormant accounts. These...

Nigeria's external reserves have reached $37.05 billion as of July 18, 2024, according to the Governor of the Central Bank...

The Central Bank of Nigeria (CBN) has raised the interest rate by 50 basis points, bringing it to 26.75%. This...

The Nigerian currency, the naira, experienced mixed performance against various foreign currencies in the parallel and official markets recently. On...

The Central Bank of Nigeria (CBN) has reported a significant increase in foreign exchange inflows through International Money Transfer Operators...

In a surprising move, the People's Bank of China (PBOC) has slashed its key short-term policy rate and benchmark lending...

The International Monetary Fund (IMF) has released a report identifying ten African countries grappling with substantial debt burdens. These nations,...

As of March 2024, nearly three years post-launch, Nigeria’s Central Bank Digital Currency (CBDC), the eNaira, constitutes less than 1%...