Nigerian govt considers banning dollar black market
The Nigerian government is considering making it illegal to trade in the foreign exchange parallel market in a bid to control a chronic dollar...
Naira crashes on official market to 980/dollar after CBN unbans items
The naira hit a record low of 980 per dollar on the official market on Tuesday, less than a week after the central bank...
Nigerian govt proposes N26 trillion budget for 2024
The federal government has announced a proposal to spend N26.01 trillion ($34 billion) in 2024 based on oil price benchmark of $73.96 and an...
Nigeria inflation at 26.7% in September – fastest in 20 years
The National Bureau of Statistics says Nigeria’s headline inflation rate increased to 26.72 percent in September, the highest in 20 years.
The NBS disclosed this...
Nigeria’s N150 billion sukuk more than four times oversubscribed
Nigeria’s Debt Management Office said on Friday it has concluded a N150 billion sukuk that was oversubscribed more than four times.
A sukuk is an Islamic financial...