Forex backlog audit reveals irregularities of $2.4 billion, says CBN
The Central Bank of Nigeria (CBN) disclosed on Monday that a forensic audit of the $7 billion overdue foreign exchange transactions, which the bank...
Naira’s fall continues as CBN releases another $500 million for forex backlog
The Central Bank of Nigeria (CBN) says it has released $500 million to various sectors in its effort to address the backlog of foreign...
Naira tumbles to new low as dollar scarcity persists
The naira plunged to a new record low on Thursday, inching closer to the unofficial parallel market rate as chronic dollar shortages continue to...
Central Bank of Nigeria reveals its inflation target figure
In his first public address on the economy since November, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has predicted a decline in inflation...
Nigeria’s inflation surges to 27-year high
Nigeria's inflation crisis reached a fever pitch in December 2023, soaring to a staggering 28.9%, the highest level in 27 years.
This surge, revealed by...