Naira Holds Firm Against Dollar as Market Stability Continues
The Nigerian Naira sustained its steady performance in the foreign exchange market on Tuesday, April 21, 2026, as trading commenced with ongoing efforts to reduce...
Naira Gains in Parallel Market but Weakens in Official Trading
The naira recorded mixed performance across currency markets yesterday. In the parallel market, it appreciated to ₦1,560 per US dollar, an improvement from the ₦1,565...
Top 10 African Countries with the Weakest Currencies as of June 2025
As mid-2025 approaches, currency depreciation remains a persistent challenge for several African economies. Despite strategic efforts by central banks and governments to stabilize their national...
IATA Raises Alarm Over $1.3 Billion in Blocked Airline Funds
International Air Transport Association, IATA, has said $1.3 billion in airline funds are blocked from repatriation by governments as of end April 2025, with Africa...
UK Job Market Contraction as Tax Hikes and US Tariffs Threaten Economic Stability
The UK labour market showed signs of strain in March as both payrolled employment and job vacancies experienced a noticeable decline ahead of new tax...
SHOCKER: Nigeria’s Total Public Debt Hits N144.67 Trillion, Marks 48.58% Surge Year-on-Year
Nigeria’s total public debt soared to N144.67 trillion (equivalent to $94.23 billion) as of December 31, 2024, marking a substantial year-on-year increase of 48.58% compared...
Naira Appreciates To N1,575 Per Dollar In Parallel Market
On Wednesday, the Naira experienced an appreciation in the parallel market, strengthening to N1,575 per dollar from the N1,585 per dollar recorded on Monday. However,...
BREAKING: President Tinubu Proposes N47.9trn As 2025 Budget
The Federal Government of Nigeria has proposed a total budget expenditure of N47.9 trillion for the 2025 fiscal year. This was announced by Atiku Bagudu,...
JUST IN: Any Transactions Above N500,000 Can Get You Into Trouble – Police Warns POS Operators
The Delta State Police Command’s spokesperson, SP Edafe Bright, has issued a warning to Point of Sale (POS) operators regarding transactions exceeding N500,000. He cautioned...
Naira Falls To N1,645 Per Dollar Despite Central Bank’s Retail Dutch Auction System
In the past week, the Nigerian Naira experienced significant depreciation in both the parallel and official foreign exchange markets, losing N30 and N28.48, respectively. This...