Naira appreciates to N1,518 in parallel market
The Naira on Tuesday appreciated to N1,518 per dollar in the parallel market from N1,520 per dollar on Monday. However, the Naira…
Finance
Naira appreciates, trades N1,530 at parallel market
The Naira has appreciated in value against the dollar in both the parallel market and the Nigerian Foreign Exchange Market. In the…
Nigeria secures $10bn in external loans in two years
The Federal Government has secured external loans worth over $10 billion in the last two years, but only about $5 billion, roughly…
CBN increases dollar sales to stabilize FX market
The Central Bank of Nigeria has increased its dollar sales to stabilize the foreign exchange market amid declining inflows from key sources.…
FAAC shares N2.225trn August revenue among FG, states, LGs
The Federation Account Allocation Committee has announced that the Federal Government, states, and Local Government Councils shared a total of N2.225 trillion…
Naira falls to N1,537/$ in parallel market
The Naira experienced a depreciation in value against the United States dollar, both in the parallel market and the Nigerian Foreign Exchange…
CBN reiterates commitment to financial inclusiveness, productivity
The Central Bank of Nigeria has reiterated its unwavering commitment to financial inclusiveness and stimulating productivity towards sustainable economic growth and development…
Naira stability expected to persist over medium term — MPC members
The naira’s stability is expected to persist over the medium term as speculative activities continue to decline, according to members of the…
Naira appreciates against dollar, trades below ₦1,500
The Nigerian naira on Monday appreciated against the United States dollar, trading below the ₦1,500/$ threshold for the first time in over…
Nigerian stock market rebounds with N986bn weekly gain
The Nigerian stock market rebounded last week, as investors’ portfolio value increased by over N986 billion in the five trading days. A…
Akwa Ibom proposes ₦695bn to inflate budget to ₦1.7trn
Governor Umo Eno is set to blow up Akwa Ibom state 2025 budget from the originally signed ₦980 billion to ₦1.7 trillion…
Naira rises to N1,500.91/$ in official market, highest since March
The naira was on the rise during mid-week trading in the official market. The local currency maintained its upward trend, closing at…