Exchange: Naira Drops Again, Falls To N769 At I&E Window
Naira depreciated to N769.25 against the dollar in the second quarter of the year after the Nigerian Government devalued the naira. The naira plunged from...
Why I unified exchange rate, President Tinubu explains
President Bola Ahmed Tinubu Thursday, explained that he could have chosen to maintain the hitherto multiple foreign exchange systems and benefit from it, but instead...
Nigeria to save $5.1 billion this year from Tinubu’s economic reforms, World Bank says
Nigeria could save up to 3.9 trillion naira ($5.10 billion) this year alone after reforms to its foreign exchange market and the removal of a...
Nigerian Economy under Emefiele was rotten — Tinubu
President Bola Tinubu says the country’s financial system in the hands of Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN), “was...
Large debt, other liabilities Buhari left for Tinubu
Less than 30 days into the job, President Bola Tinubu is dealing with managing the assets and liabilities inherited from his predecessor, Muhammadu Buhari. However,...
Tinubu’s Naira Floating Economic Policy: South Africa’s Johann Rupert overtake Aliko Dangote as Africa’s richest man
Forbes Real-time Global Billionaires List has placed Aliko Dangote on number 172 with a net worth of $10.7 billion behind South Africa’s Johann Rupert &...
Just In: DSS recovers 18 bags of currency, documents from Emefiele’s Lagos residence
About 18 Ghana-must-go bags containing money and documents have been carted away by operatives of the Department of State Services (DSS) from the residence...
Floating naira wrong decision, bad idea, will not have positive impact on the economy – Primate Ayodele
The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has revealed that Nigeria’s economy needs prayers to survive the hardship it is currently in....
Breaking: Nigeria’s Inflation Hits 22.41% Following Fuel Subsidy Removal
Following the removal of subsidy on petrol, Nigeria’s inflation rate rose to 22.41 percent in May 2023, up from 22.22 percent in April 2023. This...
Experts react as Nigerian Central Bank unifies all exchange rates, re-introduces the “Willing Buyer, Willing Seller” model
The Central Bank of Nigeria (CBN) yesterday unified all exchange rates within the economy into the Investors and Exporters (I&E) window. The CBN said all...