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 $800 million, as the Nigerian naira rallies on both official and unofficial markets.
According to the Bloomberg Billionaire Index, Dangote's net...
CBN: Empowering Nigerian Youths with Financial Literacy, by Abdulrahman Abdulraheem
With a population estimated to be in excess of 220 million, Nigeria is the most populous country in Africa and seventh in the world. The country’s population keeps growing at about 2.6 percent per year, one...
CBN Policies Working as Exchange Rate Sees Highest Gain in 6 Weeks
The exchange rate between the Naira and the US Dollar gained 1.52% to close at N1,431/$ on Friday, March 22, 2024, continuing an upward trend that has lasted for seven consecutive days. According...
CBN Policies Working as Exchange Rate Sees Highest Gain in 6 Weeks
The exchange rate between the Naira and the US Dollar gained 1.52% to close at N1,431/$ on Friday, March 22, 2024, continuing an upward trend that has lasted for seven consecutive days. According...
FX Reserve to increase to $35.01 billion by end of March - CBN official
Muhammad Sani Abdullahi, the Deputy Governor responsible for Economic Policy at the Central Bank of Nigeria (CBN), has forecasted that Nigeria's external reserves will rise from approximately $34.98 billion to surpass...
