Category: Economy

Nigeria loses $167.2m as naira falls to dollar in July

By Christian George     Nigeria’s external reserves witnessed a downward trend as the nation...

Russia to reinvest in Nigeria, others

There are signs that Russia would actively promote the resumption of its foreign direct investments...

Nigerian businesses to face worse economic conditions – PwC

PwC Nigeria’s financial analysts predicted that the effects of the government’s most recent economic changes...

Exchange rate hits N869/$ on I&E Window

The naira-dollar exchange rate hit an intra-day high of N869/$1 at the Investor & Exporter...

FX trade, crude oil price account for 80% of petrol price — IPMAN

The Independent Petroleum Marketers Association of Nigeria have explained that the international price of crude...

FG considers reduction of taxes – Tinubu’s aide

FG working on reducing taxes from 52 to 10— Presidential aide        ...

World stocks mixed as tech stocks crash

A day after major US tech giants’ shares took a hit, the world’s stock markets...

Confusion as official FX rate, black market widens

Nigeria’s official currency rate, which has been edging closer to N100/$ as of last Friday,...

Naira falls at official, black markets, increases at parallel market

In the Investors and Exporters and parallel market windows of the foreign exchange market on Friday, the...

FG’s revenue rose N321bn after exchange rate unification – FAAC

A recent communiqué from the Federation Account Allocation Committee has revealed that the unification of the country’s...

Naira crashes to N888/$1 on Binance

The naira/dollar exchange rate has fallen to N888/$1 on the cryptocurrency market, Binance. Currency limitations have...

Naira crashes to N888/$1 on Binance

The naira/dollar exchange rate has fallen to N888/$1 on the cryptocurrency market, Binance. Currency limitations have...