Nigeria launches new crude oil grade “Nembe” to compete in Europe
Nigeria has launched a new low-sulfur grade of crude oil which is particularly suited to the European market as it seeks to produce and...
Why naira is suddenly gaining against dollar
The injection of dollars into the Nigerian foreign exchange market and the central bank’s interest rate hikes are working in favour of the naira,...
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...