Tuesday, April 1, 2025

Tag: Naira

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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...

Internet provider Spectranet hikes data prices

Spectranet, one of Nigeria’s major internet providers, has implemented...

Zenith Bank Group reports 53% profit growth, declares final dividend

Zenith Bank Group, the parent company of Zenith Bank,...

Nigeria reports sudden and huge Naira gain — the most in six weeks

The naira rose big against the dollar on Tuesday, recording its best performance in six weeks, according to official figures. The currency exchanged at N1,173.88...

Understanding how CBN’s new record high interest rate affects you

The Central Bank of Nigeria has raised its benchmark interest rate to a new record high in a bid to force inflation down and...

CBN likely to raise interest rate again as naira declines

The naira's continued slump and Nigeria's persistently high inflation are likely to force the Central Bank of Nigeria (CBN) to raise interest rates yet...

Nigeria’s inflation soars to 33.67%, piling pressure on consumers

Nigeria's inflation rate continued its relentless climb in April 2024, reaching 33.69%, according to data released by the National Bureau of Statistics (NBS) today. This...

Naira tumbles past 1,500 to dollar – first time in 2 months

The Naira extended its latest decline Tuesday, tumbling below N1500 on the parallel market for the first time in two months and dimming hopes...

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

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

Internet provider Spectranet hikes data prices

Spectranet, one of Nigeria’s major internet providers, has implemented...

Zenith Bank Group reports 53% profit growth, declares final dividend

Zenith Bank Group, the parent company of Zenith Bank,...

U.S. halting funding for GAVI, key vaccine supplier for Nigeria

The United States has decided to end its financial...
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