Street-trading of dollars banned as CBN resumes sales to BDCs
The Central Bank of Nigeria has restarted dollar sales to exchange bureaus, reversing it decision to end sales in 2021 to combat graft and...
CBN announces huge interest rate hike in response to naira crisis
The Central Bank of Nigeria (CBN) has announced a significant 400 basis point increase in its benchmark interest rate, raising it from 18.75% to...
Coup: Nigerian military denies soldiers plotting to remove Tinubu
The Nigerian military has dismissed reports that its brigade of guards, which protects the president, had been put on high alert following unusual troop...
INEC insists iRev failure didn’t affect presidential election despite evidence
The Independent National Electoral Commission (INEC) has released its full report for the 2023 elections, detailing for the first time the reasons behind the...
Nigeria’s economic growth hits three-year low in 2023
Nigeria's economy expanded by 2.74 percent in 2023, marking the slowest pace of growth in three years, according to data released by the National...