The Naira witnessed a significant week-on-week drop of 11.43%, reaching an all-time low of N1,170 per US dollar in the parallel market. The decline has been attributed largely to speculative…
The ongoing turbulence in Nigeria’s currency exchange market saw the local currency, the Naira, continue to depreciate across all market segments. Checks by Vanguard revealed that Naira went…
A coalition of faith-based organisations, Jubilee USA, has urged the World Bank and the international Monetary Fund (IMF) to stop the debt and food crises of low-income nations. Eric LeCompt…
The Nigerian Naira has hit a new all-time low in the parallel market, according to a survey conducted by Vanguard on street traders across the country. The currency was found to be trading i…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has held a meeting with oil marketers to resolve the challenges faced with importation and distribution of petroleum pr…
A recent report, the Transparency and Integrity Index for 2023, has shown that 482 ministries, departments, and agencies (MDAs) of the Nigerian government received low scores in terms of transparen…
The All Progressives Congress (APC) has assured that President Bola Tinubu is committed to ensuring an inclusive, honest, transparent and accountable governance system. Mr Felix Morka, the p…
Data released by the Central Bank of Nigeria (CBN) indicates a significant surge in currency in circulation (CIC) in Nigeria, with a notable increase of N1.7 trillion due to a rise in cash transact…
The foreign exchange crisis in Nigeria escalated further on Thursday as the exchange rate at the parallel market reached over N1,000 for a single US dollar. A survey conducted at popular bla…
The Central Bank of Nigeria (CBN) has directed the deposit money banks (DMBs) to cease utilizing gains resulting from the revaluation of the naira for dividend payments or financing their operation…
The State Security Service (SSS) has arrested Aisha Ahmad, the Deputy Governor of the Central Bank of Nigeria (CBN), who is responsible for Financial System Stability in Nigeria Ms. Ahmad’s …
Increasing concerns have emerged regarding the delay in the implementation of the highly anticipated $3 billion emergency loan from the African Export-Import Bank (Afrexim Bank) aimed at stabilizin…
