Naira Sustains Gains, Exchanges For N1255/$1 At Official Window, N1,245/$1 At Parallel Market The naira on Thursday continued to gain against the dollar, at the official window while it maintained stability at the parallel markets. At the Nigerian Autonomous Foreign Exchange (NAFEM) window, the naira closed...

We Lost N1.5trn To FX Crisis In Six Months – MAN The Manufacturers Association of Nigeria (MAN) has said that its members have lost at least N1.5tn in the last six months to forex-related transactions. The Director-General of MAN, Segun Ajayi-Kadir, made the disclosure in an...

DMO to Issue April 2024 Savings Bonds at 18.046%   The Federal Government through the Debt Management Office has opened offers for the April 2024 Savings Bond, with rates reaching as high as 18.046% per annum. According to the announcement made by the DMO, the 2-year FGN...

CBN Rate Hike: PFAs to Increase Investments in Bonds Pension fund administrators (PFAs) in Nigeria are poised to increase their investments in bonds, as the recent interest rate hikes by the Central Bank of Nigeria (CBN) are making bonds more attractive to investors. The CBN...

Naira Soars by 21.8% Against Dollar in March In March 2024, the Naira saw a dramatic turnaround against the US dollar, with the exchange rate closing at N1309/$1 on the last trading day of the month. This marked a significant 21.8% gain from the rate of...

CBN/MPC: Tackling Inflation with Bold Decisions, by Abdulrahman Abdulraheem   For a country struggling with youth unemployment, poverty and other social issues and whose Gross National Income (GNI) per capita is just a little above $2000, any increase in the prices of goods, general hike in...