Economy
CBN clears FX backlog, boosting Nigerian reserves by $993 million
CBN clears FX backlog, boosting Nigerian reserves by $993 million The Central Bank of Nigeria (CBN) has announced the complete clearance of the va…
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Economy
On the parallel market as speculators sell Naira strengthens to N1400/$
On the parallel market as speculators sell Naira strengthens to N1400/$ Operators in the parallel market are currently quoting a buy price of N140…
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Economy
CBN Removes Cap on Interbank FX Transactions in Ongoing Reforms
CBN Removes Cap on Interbank FX Transactions in Ongoing Reforms In a circular dated February 8, the Central Bank of Nigeria (CBN) announced the rem…
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International News
World Bank Warns: 600 Million Africans at Risk of Prolonged Power Shortages by 2030
World Bank Warns: 600 Million Africans at Risk of Prolonged Power Shortages by 2030 The World Bank has issued a cautionary statement, revealing tha…
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Economy
Naira Depreciates by 37.6% Against Dollar in January
Naira Depreciates by 37.6% Against Dollar in January The exchange rate between the Nigerian naira and the US dollar closed January at N1,455.59, ma…
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