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 lost $167.2 million in July over the…
Economy
Russia to reinvest in Nigeria, others
There are signs that Russia would actively promote the resumption of its foreign direct investments in Nigeria and other African countries across…
Nigerian businesses to face worse economic conditions – PwC
PwC Nigeria’s financial analysts predicted that the effects of the government’s most recent economic changes will result in increased business expenses and…
Exchange rate hits N869/$ on I&E Window
The naira-dollar exchange rate hit an intra-day high of N869/$1 at the Investor & Exporter Window. This is based on information from…
FX trade, crude oil price account for 80% of petrol price — IPMAN
The Independent Petroleum Marketers Association of Nigeria have explained that the international price of crude oil and the exchange rate constitute the…
FG considers reduction of taxes – Tinubu’s aide
FG working on reducing taxes from 52 to 10— Presidential aide The Special Assistant to President Bola Tinubu…
World stocks mixed as tech stocks crash
A day after major US tech giants’ shares took a hit, the world’s stock markets shook on Friday as investors readied themselves…
Confusion as official FX rate, black market widens
Nigeria’s official currency rate, which has been edging closer to N100/$ as of last Friday, is now significantly different from those on…
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 Nigerian Naira fell against the US Dollar…
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 currency rate has greatly raised earnings from…
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 previously been noted as a significant barrier…
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 previously been noted as a significant barrier…