Naira Gains Against Dollar in Both Official, Black Markets
The naira appreciated by ₦10.33 against the US dollar across both the official and parallel markets on Friday, June 13, reflecting ongoing volatility in Nigeria’s foreign exchange landscape.
In the black market, currency traders in Abuja told...
Naira Holds Firm Against Dollar in Black Market Amid Forex Volatility
The naira held steady against the US dollar at the parallel market on Wednesday, June 11, underscoring continued volatility in Nigeria’s foreign exchange landscape.
Currency traders in Abuja told Economic Confidential that the naira exchanged...
In a truly fascinating and proud moment for Nigeria’s financial leadership, Dr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), was honoured as "Central Bank Governor of the Year" at the 2025 African Banker Awards.
As the “Headmaster” Heads Nigeria’s Economy out of the Woods, by Rahma Olamide Oladosu
When Olayemi Cardoso was appointed as the Governor of the Central Bank of Nigeria, the atmosphere was thick with skepticism and unrest. Nigeria’s financial terrain at the time was marred by...
Firms Blame Soaring Energy Cost for High Inflation
The Central Bank of Nigeria has reported that the majority of Nigerian firms identify high energy costs, particularly fuel, diesel, and electricity, as the leading cause of inflation in the country.
This was disclosed in its May 2025...
Naira Holds Firm Against Dollar in Black Market Amid Forex Volatility
The naira held steady against the US dollar at the parallel market on Wednesday, June 4, underscoring continued volatility in Nigeria’s foreign exchange landscape.
Currency traders in Abuja told Economic Confidential that the naira exchanged...
