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...

Naira Holds Firm Against Dollar in Both Official, Black Markets ‎The naira falls slightly by ₦2.33 against the US dollar at parallel market but appreciated at the official market on Tuesday, June 3, reflecting ongoing volatility in Nigeria’s foreign exchange landscape. ‎In the black market, currency...

Naira Gains Against Dollar in Both Official, Black Markets ‎The naira appreciated by ₦15.33 against the US dollar across both the official and parallel markets on Monday, June 2, reflecting ongoing volatility in Nigeria’s foreign exchange landscape. ‎In the black market, currency traders in Abuja told...

The Nigerian economy has been on a rollercoaster ride for the past two years. Citizens, businesses and foreign investors have barely stayed afloat. The economic struggles have left many wondering about its stability and eventual growth especially with President Bola Ahmed Tinubu's ambitious $1 trillion economy drive.

‎Naira Gains Against Dollar in Both Official, Parallel Markets ‎The naira appreciated by ₦5.33 against the US dollar across both the official and parallel markets on Saturday, May 31, reflecting ongoing volatility in Nigeria’s foreign exchange environment. ‎In the black market, traders in Abuja told Economic...