Wednesday, April 2, 2025

Tag: Forex

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Tinubu sacks Mele Kyari as NNPC chief executive

President Bola Ahmed Tinubu has sacked the group chief...

Trump administration pushes Africa to pay for U.S. health support

The United States is shifting its stance on global...

Nigeria’s Sovereign Wealth Fund profit surges 59% amid asset gains

The Nigeria Sovereign Investment Authority (NSIA) has reported a...

Lafarge is foreign-owned. Why is Senate suddenly afraid of sale to China?

The Nigerian Senate’s Thursday debate over the proposed sale...

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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Trump administration pushes Africa to pay for U.S. health support

The United States is shifting its stance on global...

Nigeria’s Sovereign Wealth Fund profit surges 59% amid asset gains

The Nigeria Sovereign Investment Authority (NSIA) has reported a...

Lafarge is foreign-owned. Why is Senate suddenly afraid of sale to China?

The Nigerian Senate’s Thursday debate over the proposed sale...

Zenith Bank fined N15.4bn over forex, money laundering violations

Zenith Bank Group, owner of Zenith Bank, was hit...
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