Naira could take 18 months to stabilize after reforms, IMF says
Stabilizing Nigeria's economy and the naira exchange rate could take up to 18 months after recent reforms, the International Monetary Fund says, warning that...
Nigeria currency traders want Binance banned
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Nigerian government to ban the cryptocurrency exchange Binance from operating in...
Nigerians may pay more as Tinubu seeks higher tax-to-GDP
President Bola Tinubu says his administration aims to rapidly increase Nigeria’s tax coverage as a way of raising revenue to cut back on government...
S&P upgrades Nigeria outlook from ‘negative’ to ‘stable’ on reforms
S&P Global Ratings revised its outlook on Nigeria to stable from negative on Friday, citing the government's recent reforms. The agency affirmed Nigeria's credit rating...
Naira down to record low on black market
The Nigerian naira plummeted to an all-time low on the black market on Friday, driven by a surge in demand for dollars from people...