The naira continued on the path of appreciation on the parallel foreign exchange (FX) market yesterday as it closed at N463 to the dollar, higher than the N467 to the dollar it closed the previous day. This development was once more attributed to the appointment...

Naira has slipped to 485 to a dollar today, Friday, 30 September at the parallel market following the scarcity of the foreign exchange in the country. Some traders in Lagos and Abuja said the naira nears 490 a dollar in early trading before returning to...

Nigeria has given in its number five spot to Kenya as it slipped to number six in the list of top 10 investment destinations in Africa. Nigeria had held her current position (6th) in 2011, according to the sixth edition of Rand Merchant Bank’s...