Naira Falls to 770.38/$ at Official Market The naira slumped further to the dollar after closing at 770.38/$ at the end of trading on the investor & exporter forex window on Monday. According to figures obtained from the FMDQ on Monday, the trading rates had closed...

Domiciliary Accounts: CBN Lifts Deposit Restriction, Allows $10,000 Withdrawals Daily The Central Bank of Nigeria (CBN) has provided further guidance to Deposit Money Banks (DMBs) on the operational changes to the foreign exchange market announced on June 14, 2023. Going by the latest guidance, holders of...

CBN Free Trade: Naira Falls to N664.04/$ at I&E Window The Naira yesterday lost almost half of its value in the official market as the exchange rate in the Investors and Exporters, I&E window rose to N664.04 per dollar from N471.67 per dollar on Tuesday. This...

Economy: Tinubu's Top Eight Game Changers  By Zeenat Sambo President Bola Ahmed Tinubu came to office with a pedigree of a first-rate accountant who also understands how the economy works and knows the best Nigerian brains from across the world to help him deliver on his...

Food Prices Rise by 200% in Eight Years - NBS The National Bureau of Statistics (NBS) says prices of three products have risen by over 200 percent in the last eight years, contributing significantly to the surge and double-digit growth in headline inflation over the...

CBN Requires Transparency, Independence to Tackle Naira Depreciation – Experts  Financial experts have called for more transparency and independence in the leadership structure at the Central Bank of Nigeria (CBN) to enable it steer the nation’s monetary policies towards an improved economy and a stronger...