Currencies

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%...

Nigeria’s leading commercial banks have reported substantial foreign exchange (FX) revaluation gains, amassing a combined total of N3.37 trillion in...

The exchange rate for customs duties collection by the Nigeria Customs Service (NCS) has increased, surpassing the official market rate...

The Central Bank of Nigeria (CBN) may persist with its stringent monetary policies if inflation rates continue to climb, according...