According to LPG dealers on Wednesday, the price of cooking gas, also known as liquefied petroleum gas, has skyrocketed from approximately N1,500 per kilogram to approximately N900/kg as a r… Read More

Dollar sales at the official market increased by 94.46 percent on Tuesday, marking a notable uptick. The value of the naira remained stable on all foreign exchange (FX) markets despite this… Read More

As President Bola Ahmed Tinubu marks one year in office, his administration’s economic policies have sparked considerable debate and controversy. Tinubu’s tenure has been charact… Read More

Anticipating a significant surge in the cryptocurrency market following the anticipated Bitcoin halving event in April 2024, experts are predicting substantial price increases. We’ve a… Read More

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Customs FX duty rate reaches N1,373 as Naira weakens further » As the Nigerian naira continued to weaken against the United States dollar in the foreign exchange market, the rate used… Read More

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According to the Central Bank of Nigeria (CBN), every effort is being made to ensure that the foreign exchange (FX) rate remains constant. This was said by CBN governor Yemi Cardoso at a… Read More

As Nigeria grapples with the complex challenge of economic stability amidst a global landscape of uncertainty, recent efforts by the government to strengthen the naira have been met with ca… Read More

CBN implements Deloitte FX audit report, EFCC may summon CEOs over $2.4bn invalid requests Several FX requests fraudulent, made with invalid, illegal documents, Cardoso insists The Govern… Read More

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The Nigeria Civil Service Union Federal council has condemned the arbitrary retirement of workers in the Nigeria Public Service system This was part of the highlight of the 10 points comm… Read More

Nigeria’s premier and largest non-interest bank, Jaiz Bank Plc, yesterday completed pre-issuance processes for a N10.05 billion private placement as part of a multi-prong strategi… Read More

“Given the current economic climate that our country is experiencing, it is vital that we take a more cautious approach when it comes to handling our currency. We must be mindful of ou… Read More

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Nigeria’s Central Bank, under the leadership of Governor Olayemi Cardoso, has set a goal to reduce the nation’s inflation rate to approximately 21%. This ambitious target comes i… Read More

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The year 2024 wombs the hopes, dreams, and aspirations of over 200 million people. The promises of better days, of silver linings, and of blue skies inspire hope, excite essence, rally confi… Read More

“Our national cake, which we are all entitled to, is good roads, quality education for our children, a supportive environment for entrepreneurs, job creation, and reliable electricity… Read More

President Bola Tinubu presented the 2024 budget to the National Assembly’s joint session on Wednesday. It is President Tinubu’s first full-year budget since he assumed office… Read More

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Against the backdrop of foreign exchange, forex, revaluation losses recorded by many big manufacturing and other firms, banks have recorded a whopping forex assets revaluation gains amountin… Read More

Forex Shortage Threatens Petrol Importation in Nigeria – The much-anticipated benefits of the deregulation of Nigeria’s downstream sector are yet to materialize. Oil markete… Read More

CBN’s New Directive on FX Revaluation Gains: What It Means for Nigerian Banks – The Central Bank of Nigeria (CBN) recently issued a directive that has been a hot topic of di… Read More

The question in the minds of Nigerians today is why is the Naira depreciating or why is the exchange rate of the dollar rising rapidly? This is a valid question given the sharp and persisten… Read More

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The economic landscape for Nigerian startups has taken a sharp turn as the naira, the country’s currency, has been hit by a drastic depreciation following the Central Bank of Nigeria&r… Read More

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Virtual dollar cards in Nigeria gained more prominence following the  suspension of international transactions on Naira debit cards. However, this change meant that Nigerians, wh… Read More

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The Central Bank of Nigeria (CBN) has announced that it has the materials and capacity to print new Naira notes, despite recent rumors of a shortage of cash in the country. CBN Governor Godw… Read More

By Comrade Gbenga Olowoyo The situation in the country with various revelations from National Bureau of statistics through its well researched and statistical presentation is commendable… Read More

In early 2020, at the peak of the Corona Virus outbreak in Nigeria, there were updates about the installations of scary 5G networks. A lot was said about the implications and other informati… Read More

Naira remains stable across forex markets as external reserve plunges to 14 months low The exchange rate between the naira and the US dollar closed at N411.67/$1 at the Investors and Export… Read More

Bitcoin and Ethereum prices have been on the rise for the past few months, and even today. This has resulted in many investors wondering if another 5% rise is possible for BTC and ETH toda… Read More

Nigeria’s exchange rate at the NAFEX window remained stable for the fifth consecutive trading day to still close at N386/$1 during intraday trading on Thursday, September 18. Also… Read More