The Central Bank of Nigeria (CBN) has announced far-reaching measures to shore up the value of the Naira, with more liquidity in the Foreign Exchange (FX)...
The foreign exchange crisis worsened on Thursday as the local currency further depreciated, exchanging at N1,600 to a dollar at the parallel market, findings by Daily...
Nigeria’s inflation rate for January 2024 rose to 29.90% from 28.92% recorded in the previous month according to the latest National Bureau of Statistics (NBS) inflation...
Dollar traded near three-month highs to major peers on Wednesday giving the naira little room to maneuver as forex traders pushed back bets for a first Federal...
The Nigerian Breweries Plc has increased the price for its Stock-Keeping Units (STUs) over the rising costs of importation. This was stated in a letter...
Access Holdings Plc has announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer. This follows the death of its former Group...
The Naira depreciated to a record low of N1,534.39 against the US dollar at the foreign exchange market on Monday. Data from FMDQ showed that the...
The International Monetary Fund, IMF, has warned that Nigeria is experiencing a deepening economic crisis. IMF expressed concern that the stagnant per-capita growth, widespread poverty, and...
Dangote Refinery is due to deliver its first fuel into the local market within weeks, four sources confirmed to Reuters, in a key milestone towards long...
The former Emir of Kano, Muhammadu Sanusi, has blamed the current hardship in Nigeria on former President Muhammadu Buhari. Sanusi said it would be unfair to...
The World Bank has issued a warning that seven states in northern Nigeria are facing a high risk of food insecurity in 2024, due to the...
The Nigerian currency, the Naira, strengthened its position against the US dollar and other major currencies in the foreign exchange market on Friday, according to data...
