By Sodiq Adelakun The Naira has plummeted to N1,025 per dollar in the parallel foreign exchange market due to a worsening scarcity of forex. Ahmed Gazali,...
By Sodiq Adelakun Inflation will slow Nigeria’s economic growth to 2.9 percent in 2023, the International Monetary Fund has predicted. It also downgraded the country’s economic...
By Sodiq Adelakun In a concerning development, the Nigerian naira on Tuesday has fallen to N1,010 per dollar on the black market, also known as the...
By Sodiq Adelakun The Nigerian Export Supervision Scheme (NESS) has recently seen the addition of three new banks appointed by the Central Bank of Nigeria (CBN)...
By Sodiq Adelakun Nigeria has been grappling with a decline in foreign direct investments (FDI) due to ongoing issues such as insecurity and a difficult business...
The Nigerian naira was trading at N1008/$ in the peer-to-peer market on Monday as traders assessed the forex market situation amidst the ongoing crisis in the...
The Central Bank of Nigeria (CBN) has denied claims made by the media that the launch of the eNaira is endangering the country’s financial stability. In...
The Minister of Innovation, Science and Technology, Chief Uche Nnaji on Friday said Nigeria must increase production to strengthen the naira and boost the economy. Nnaji...
By Sodiq Adelakun The Federal Government of Nigeria paid a staggering interest of N912.32bn in the first quarter of 2023 on loans obtained from the Central...
The Fiscal Responsibility Commission (FRC) on Saturday has raised concerns about banks lending in a way that goes against Section 45 of the Fiscal Responsibility Act....