Exchange rate falls to N950/$1 three months after anniversary of exchange rate unification
The exchange rate between the Nigerian Naira and the U.S. Dollar plummeted to a low of N950/$1, down from N972/$1...
Impact of Fuel Subsidy removal: Transport Sector GDP contracts by 50.64% in Q2 2023
Nigeria's economy recorded a modest growth of 2.51% in the second quarter of 2023, according to the latest data from...
UNICEF Commits $270 Million to Boost Nigeria’s Poverty Alleviation Efforts
In a significant move, the United Nations Children's agency, UNICEF, has unveiled plans to allocate a substantial sum of $270...
Too early, but is exchange rate unification in the mud?
In its bid to harmonize Nigeria's dual exchange rate system, the Central Bank of Nigeria (CBN) on June 14, 2023,...
CBN advanced N6.2 trillion to Federal Government as Ways and Means in 2022
CBN under the ways and means financing advanced N6.2 trillion to the FG to bring their total debt to N23.3...
eNaira balances surge to N2.5 billion in 2022
The total balances represented in Nigeria's central bank digital currency, eNaira surged to N2.5 billion in 2022. This compares to...
Nigerian Breweries Announces Price Hike Effective August 10, 2023, Amidst Economic Challenges
Nigerian Breweries (NB PLC) has taken a significant step that is set to impact beer lovers across the nation, as...
Nigerian Banks Struggle to meet demand for Personal Travel Allowances amidst Dollar Scarcity
Adebisi, a young Nigerian set to migrate to Canada for good, found himself in a precarious situation when he visited...
Ghana’s Central Bank Takes Bold Step: Raises benchmark interest rate to 30% amid soaring inflation
Ghana's monetary policy committee has made a decisive decision, voting to increase the country's benchmark interest rate to a substantial...
CBN resumes quotation of Naira-settled OTC FX Futures Contracts
The Central Bank of Nigeria (CBN) resumes offering quotes for Naira-Settled OTC FX Futures (NSOFF) contracts with durations of thirteen...
