Naira Drops To N683 Per Dollar At Parallel Market   Naira has dropped to N683 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black market. The figure represents a depreciation of N3 or 0.4 per cent from the N680 it...

FG To Raise N225bn New Bonds From Investors The federal government will today conduct its regular primary auction of new bond issuances with a view to raising additional N225 billion from the domestic capital market. Investment firms at the weekend doubled up efforts at pre-auction marketing...

Nigeria's Economy In Deeper Mess Than It Was In 2015 – Sanusi Former Emir of Kano, Sanusi Lamido Sanusi, has expressed sadness at the current economic and security situation in Nigeria, insisting that the country is in a deeper mess now, than it was in...

In Six Months, NNPC Remitted $2.7bn To Accounts With CBN   The Nigerian National Petroleum Company Limited remitted a total of N2.7bn into its accounts with the Central Bank of Nigeria from January to June this year, a document on NNPC remittances to CBN seen in...

CBN Urges Nigerians to Shun Speculative Activities - Forex The Central Bank of Nigeria (CBN), has advised Nigerians not to succumb to speculative activities of some players in the foreign exchange market. Mr Osita Nwanisobi, CBN’s Director, Corporate Communications CBN, gave the advice in a statement...

Just in: Naira Crashes to N710 to a Dollar The Nigerian naira has crashed further in the parallel market, trading for N710 against the U.S. dollar on the exchange platform Aboki Forex. Checks by Economic Confidential on Wednesday showed the current parallel market rate pegged at...