Naira Continues to Strengthen, CBN Sells N1,251 per Dollar The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs), informing them that it has sold $10,000 to each BDC at a rate of N1,251/$1. In a circular issued by the...

Nigeria’s Debt Servicing Expense Doubles to N7.8tn in 2023 – Report Nigeria spent a sum of N7.8 trillion to service its debt obligations in 2023, a 121% increase compared to N3.52 trillion incurred in the previous year. This is according to analysis of data released by...

Nigeria’s Debt Servicing Expense Doubles to N7.8tn in 2023 – Report Nigeria spent a sum of N7.8 trillion to service its debt obligations in 2023, a 121% increase compared to N3.52 trillion incurred in the previous year. This is according to analysis of data released by...

Manufacturers’ Forex Losses Rise 566% to N792bn in 2023 A review of the performance of  multinational corporations and big indigenous firms operating in the country for the financial year ended December 2023 have shown that they recorded a combined Foreign Exchange, forex, losses of N792...

Manufacturers’ Forex Losses Rise 566% to N792bn in 2023 A review of the performance of  multinational corporations and big indigenous firms operating in the country for the financial year ended December 2023 have shown that they recorded a combined Foreign Exchange, forex, losses of N792...

Dangote's Wealth Rises to $15.3 Billion due to Naira Gains Against the Dollar Africa's richest man, Aliko Dangote, has seen his wealth increase by approximately $800 million, as the Nigerian naira rallies on both official and unofficial markets. According to the Bloomberg Billionaire Index, Dangote's net...