‎Naira Stable at ₦1,625/$ in Black Market Amid Lingering Forex Pressures ‎The naira held steady on Monday in the parallel foreign exchange market, maintaining the same rate recorded at the close of trading on Friday. ‎A source at the Abuja black market told Economic Confidential that...

‎Naira Weakens Slightly to ₦1,630/$ in Parallel Market ‎The naira depreciated marginally against the U.S. dollar in the parallel market, sliding to ₦1,630/$ on Saturday, May 11, from ₦1,625/$ the previous day—reflecting a ₦1.02 drop. ‎According to data obtained by Economic confidential from Aboki Forex, the...

Staff Severance, Other Expenses Gulp N306bn - CBN The Central Bank of Nigeria has revealed that it spent N306.63bn to offset staff expenses and the emoluments of former employees it asked to take an early exit option from the bank in 2024. This amount represents an...

CBN’s 2024 Financial Statements as Indicators of Economic Recovery, by Rahma Olamide Oladosu   In a nation where financial anxieties have become a daily soundtrack for citizens and policymakers alike, the recently released 2024 financial statements of Nigeria have provided an unexpected but welcome note of optimism....

Naira Falls Slightly to ₦1,610/$ in Parallel Market The naira depreciated slightly against the US dollar, losing ₦1.02 on a day-to-day basis to trade at ₦1,610 on Tuesday, compared to ₦1,606 on Monday. According to Aboki Forex data as of May 7, the naira was trading...

The Federal Government has directed the Economic Management Team (EMT) to chart a fresh path for Nigeria’s economic future, targeting a medium-term growth rate of seven per cent.