Naira official rate closes lowest since float
The naira closed Monday at its lowest rate to the dollar since the Central Bank of Nigeria removed controls and allowed the currency to...
May Inflation Report: No relief for Nigerians as prices rise further
Consumer prices rose 22.41% in the year through May, the highest pace in 18 years.
The rise was higher than 22.22% recorded in April, the...
With Emefiele out, Naira rate publisher AbokiFX eyes comeback
Popular online currency quote platform AbokiFx has indicated the possibility of resuming the publication of naira rates after the suspension of the Central Bank...
Black market struggles after Naira’s big drop on official market
The naira fell 36% on Wednesday, the most in seven years, after the Central Bank of Nigeria removed controls and allowed the currency to...
97% of Nigerian bank accounts don’t have over N500,000
An overwhelmingly large number of Nigerians do not have up to half a million in their bank accounts, according to a government data, a...