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CBN Spent $8bn Defending Naira as FX Crisis Deepens – Rewane
Nigeria CBN Spent $8bn Defending Naira as FX Crisis Deepens – Rewane
Nigeria News
1 min read
The Central Bank of Nigeria (CBN) has spent $8 billion defending the Naira against the dollar, according to economist Bismarck Rewane. Despite...
Nigeria to Scrap Visa-on-Arrival, Introduce Landing and Exit Cards
Nigeria Nigeria to Scrap Visa-on-Arrival, Introduce Landing and Exit Cards
Nigeria News
1 min read
The Nigerian government plans to scrap the visa-on-arrival policy, replacing it with landing and exit cards to enhance border security. Interior...
Today's Naira Rate [21-02-2025]: Naira Strengthens to N1,530/$ in Parallel Market, Weakens in Official Window
Nigeria Today's Naira Rate [21-02-2025]: Naira Strengthens to N1,530/$ in Parallel Market, Weakens in Official Window
Nigeria News
1 min read
The Naira appreciated to N1,530/$ in the parallel market, gaining from N1,540/$ recorded on Thursday. However, it depreciated to N1,502.5/$ in the...
Dangote: Private Sector Powers Nigeria’s Economy as Govt Contributes Just 15% to GDP
Nigeria Dangote: Private Sector Powers Nigeria’s Economy as Govt Contributes Just 15% to GDP
Nigeria News
2 min read
Aliko Dangote revealed that Nigeria’s government contributes only 15% to the country’s GDP, with the private sector driving the economy. Speaking...
NNPCL Faces Probe Over N13.7 Trillion Unremitted Funds
Nigeria NNPCL Faces Probe Over N13.7 Trillion Unremitted Funds
Nigeria News
2 min read
The Nigerian National Petroleum Company Limited (NNPCL) has failed to remit N13.763 trillion to the Federation Account between 2012 and 2024...
Dangote Lauds Babangida’s Economic Policies, Pledges N8bn to IBB Library
Nigeria Dangote Lauds Babangida’s Economic Policies, Pledges N8bn to IBB Library
Nigeria News
2 min read
Aliko Dangote hailed former military leader Ibrahim Babangida for policies that boosted Nigeria’s private sector, citing the abolition of import...
CBN Maintains Interest Rate at 27.5% to Curb Inflation
Nigeria CBN Maintains Interest Rate at 27.5% to Curb Inflation
Nigeria News
1 min read
The Central Bank of Nigeria (CBN) has kept the Monetary Policy Rate at 27.5% to stabilize the economy. Governor Olayemi Cardoso confirmed that...
Today's Naira Rate [20-02-2025]: Naira Appreciates to N1,514/$1 as CBN’s Forex Policies Take Effect
Nigeria Today's Naira Rate [20-02-2025]: Naira Appreciates to N1,514/$1 as CBN’s Forex Policies Take Effect
Nigeria News
2 min read
The naira appreciated to N1,514/$1 in the parallel market, gaining N11 from the previous day. This follows the Central Bank of Nigeria’s (CBN)...
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