Naira tumbles past 1,500 to dollar – first time in 2 months
The Naira extended its latest decline Tuesday, tumbling below N1500 on the parallel market for the first time in two months and dimming hopes...
Despite govt denial, IMF sees record fuel subsidy cost for Tinubu in 2024
Nigeria could pay as much as 3% of the size of its economy as fuel subsidy this year, the International Monetary Fund has said,...
Naira tumbles after brief rally as Nigeria dollar supply falls
The naira weakened Tuesday for a third straight day after a brief period of strength that saw it become the world's best-performing currency.
The currency...
Nigeria inflation soars again but shows sign of slowdown
Nigeria's inflation rate hit a multi-decade high of 33.20 percent in March when measured from a year ago, but recorded its first fall in...
CBN crashes dollar rate with new sales to BDCs
The Central Bank of Nigeria (CBN) has announced continued dollar sales to Bureau De Change (BDC) operators, in a bid to further strengthen the...