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The rhythm of Nigeria's business world
NNPC E&P Ltd and NOSL mark a significant milestone with the commencement of oil production at OML 13 in Akwa Ibom. This achievement underscores Nigeria's drive for economic growth and energy self-sufficiency. The partnership aims to ramp up production to 40,000 barrels per day, promising...
![Today's Naira Rate [11-05-2024]: Naira's Downward Spiral: Hits Month-Low at N1470 Against Dollar](/data/attachments/203/203848-147ab142f8cf48479284e57b3d23fc38.jpg)
Nigeria
Today's Naira Rate [11-05-2024]: Naira's Downward Spiral: Hits Month-Low at N1470 Against Dollar
Amid evolving market dynamics, Nigeria's currency breached the N1,500 mark against the US dollar on the black market, highlighting fragile FX conditions. With the naira's downward trend from March, concerns rise over its ability to sustain gains without fiscal policy intervention. Analysts...
![Today's Naira Rate [10-05-2024]: Nigerian Naira Hits One-Month Low of 1,470 Against Dollar Amidst Economic Turbulence](/data/attachments/203/203812-8457c57119a478bc5717b11aa4a694ef.jpg)
Nigeria
Today's Naira Rate [10-05-2024]: Nigerian Naira Hits One-Month Low of 1,470 Against Dollar Amidst Economic Turbulence
Nigeria's naira plunges to a one-month low of 1,470 against the dollar on the black market. Discover the factors driving this decline, including dollar shortages and speculative trading, and explore expert insights on potential solutions to stabilize the currency amidst growing concerns.
The...
Discover why Nigeria's naira has become the world's worst-performing currency, plunging to its weakest level in weeks. Amid rising pressure on the central bank to boost interest rates, the naira's decline underscores market volatility and underscores the challenges of managing forex controls in...
Nigerians express outrage as NIMC announces plans to charge fees for new national identity cards, labeling the move as unjust. Critics slam the commission's decision, calling it a burden on citizens. Social media erupts with discontent over the proposed payment system for ID cards."
Abisoye...
Discover the impact of escalating food prices on Nigerian households amidst stagnant wages. Explore the latest costs of essential staples like rice, beans, and garri, highlighting the financial strain on citizens. Calls for government intervention intensify as families struggle to meet basic...
![Today's Naira Rate [09-05-2024]: IMF Sounds Alarm as Naira Weakens, Exchange Rate Hits N1,459.73 Against Dollar](/data/attachments/203/203775-147ab142f8cf48479284e57b3d23fc38.jpg)
Nigeria
Today's Naira Rate [09-05-2024]: IMF Sounds Alarm as Naira Weakens, Exchange Rate Hits N1,459.73 Against Dollar
Explore Nigeria's economic landscape as the naira depreciates against the dollar, reaching N1,459.73. IMF's call for stability amidst high demand and scarcity.
Amidst a backdrop of economic turbulence, Nigeria's currency, the naira, continued its downward spiral against the US dollar...
The Central Bank of Nigeria (CBN) has recently unveiled a detailed roster of licensed Deposit Money Banks (DMBs) in Nigeria, providing valuable insights into the nation's banking sector. The list, organized by the types of licenses each institution holds, offers a comprehensive overview of...
Explore the Central Bank of Nigeria's decision to extend the suspension of cash deposit fees amidst backlash over the cybersecurity levy. Learn how this impacts individuals and corporations, shaping financial strategies in Nigeria's evolving banking sector.
The Central Bank of Nigeria (CBN) has...
![Today's Naira Rate [08-05-2024]: Naira Depreciates Slightly to N1,450/$ Against Dollar](/data/attachments/203/203737-8457c57119a478bc5717b11aa4a694ef.jpg)
Explore the economic turmoil in Nigeria's currency markets as the Naira struggles against a surging U.S. Dollar. Amidst regulatory interventions and Federal Reserve policy uncertainties, fluctuations in exchange rates prompt concerns over FX liquidity.
On Wednesday, the Naira experienced a...
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