CBN begins clearing forex contracts, easing naira pressure
The Central Bank of Nigeria (CBN) has cleared matured forward foreign-exchange contracts with an unspecified number of banks in the country, a move that...
Naira fall predicted to continue next week
The naira is expected to remain unsteady in the coming week despite the government’s announcement that it expects some $10 billion in the coming...
Tinubu’s ambitious revenue plan for 2024 faces a peculiar challenge
Nigeria aims to nearly double its revenue in 2024 to N17 trillion, the country's highest ever, which could reduce the budget deficit to its...
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...