CBN’s big rate hike hasn’t helped the naira just yet. Here’s why
After months of waiting, the Central Bank of Nigeria on Tuesday delivered what Bloomberg termed as a "jumbo rate hike" in its boldest move...
Binance executives detained in Nigeria after flying in for talks
Two top executives at Binance were detained in Nigeria on Wednesday as the country steps up its crackdown on currency speculation it blames in...
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...
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...