Tuesday, April 22, 2025

Tag: Forex

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Ecobank increases SMS charge for Nigerians

Ecobank has announced it will raise the cost of...

More pain ahead as IMF predicts 37% inflation for Nigeria in 2026

Nigeria’s economic will likely deepen in the coming year...

Nigeria’s most indebted states: Lagos, Kaduna, Edo top list

Lagos and Kaduna states lead Nigeria’s subnational debt chart,...

U.K. Supreme Court rules trans women are not legally female

The U.K. Supreme Court has ruled that, under the...

Forex backlog audit reveals irregularities of $2.4 billion, says CBN

The Central Bank of Nigeria (CBN) disclosed on Monday that a forensic audit of the $7 billion overdue foreign exchange transactions, which the bank...

Naira’s fall continues as CBN releases another $500 million for forex backlog

The Central Bank of Nigeria (CBN) says it has released $500 million to various sectors in its effort to address the backlog of foreign...

Cadbury Nigeria gives parent company more stake to settle dollar debt

Nigeria's foreign exchange crisis is forcing a major sweet maker to take bitter medicine. Cadbury Nigeria, struggling under dollar debt and a devalued naira, plans...

Naira resumes decline as CBN faces more FX backlog

The naira weakened on Wednesday despite efforts by the central bank to clear a backlog of matured foreign-exchange forward contracts. The naira fell to...

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,...

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More pain ahead as IMF predicts 37% inflation for Nigeria in 2026

Nigeria’s economic will likely deepen in the coming year...

Nigeria’s most indebted states: Lagos, Kaduna, Edo top list

Lagos and Kaduna states lead Nigeria’s subnational debt chart,...

U.K. Supreme Court rules trans women are not legally female

The U.K. Supreme Court has ruled that, under the...

Access Bank declares dividend as profit narrows despite bumper revenue

Access Holdings Plc, the parent company of Access Bank,...
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