PRNigeria Fact-Check Debunks Reinstatement Claims, Says CBN Director Jimoh Musa Itopa Was Never Sacked Recent claims circulating on WhatsApp and amplified by a Tech Cabal report suggested that the Central Bank of Nigeria (CBN) had reinstated Jimoh Musa Itopa, a director supposedly affected by the...

‎EXCLUSIVE: Real Reasons Dollar is Crashing Against the Naira ‎ ‎The Naira has been gaining grounds against the Dollar in recent weeks, reflecting significant shift in the country’s foreign exchange market. ‎ ‎In the parallel market on Friday, the Naira appreciated by N20, trading at N1,540/$1 from N1,600/$1...

Naira Redesign: Reminiscing on Lessons Learnt from a Controversial Policy, by Rahma Olamide Oladosu   In late 2022, the Central Bank of Nigeria (CBN) introduced an ambitious policy to redesign the naira, targeting three major denominations: ₦200, ₦500, and ₦1,000 notes. The initiative aimed to address...

CBN Extends Deadline for BDCs to Buy $25,000 Weekly from Banks The Central Bank of Nigeria (CBN) has granted eligible bureau de change operators more time to purchase foreign exchange (FX) from the Nigerian Autonomous Foreign Exchange Market (NAFEM). On December 20 2024 CBN granted BDC...

Equity Market Gains N1.95trn in January Despite the domestic economic uncertainties, the nation’s equities market started 2025 on a bullish note, gaining N1.95 trillion at the end of January this year. The market capitalisation, which closed the year on December 31, 2024 at N62.763 trillion, appreciated...

Nigeria Set to Boost Non-Oil Exports in 2025 With earnings of over $5.456 billion in the non-oil sector in 2024, the Federal Government is intensifying efforts to improve the country’s exports in 2025. According to the outlook of the Ministry of Industry, Trade and Investment (FMITI),...