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![Today's Naira Rate [07-03-2025]: Naira Appreciates to N1,512/$ in Parallel Market, Official Rate Slips](/data/attachments/214/214166-0fb08536d850cb6a807146355debd9a2.jpg?hash=hFfFcRmkeL)
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Nigeria’s public debt rose by N24.33 trillion, reaching N121.67 trillion in Q1 2024. This increase, driven by new borrowing and Ways and Means securitisation, underscores the impact of economic reforms and exchange rate fluctuations. The DMO urges fiscal retrenchment and measures to attract...
Nigeria’s public debt rose by N24.33 trillion, reaching N121.67 trillion in Q1 2024. This increase, driven by new borrowing and Ways and Means securitisation, underscores the impact of economic reforms and exchange rate fluctuations. The DMO urges fiscal retrenchment and measures to attract...
CBN allows eligible International Money Transfer Operators to trade forex on Nigeria's official window. The move aims to increase liquidity, streamline remittances, and stabilize exchange rates. IMTOs can now access the CBN window directly or through banks, with transactions priced at NAFEM...
Nigerian billionaire Femi Otedola increases stake in FBN Holdings to 11.63% with a N17.2 billion purchase of 2.22% additional shares. This move cements his position as the largest shareholder, surpassing previous majority holder Barbican Capital Limited, and potentially influencing the company's...
Flutterwave, a payment technology company, lays off 24 employees (3% of its workforce) to focus on core business areas. CEO Olugbenga Agboola announced generous severance packages and compensation reviews for remaining staff. The company is expanding its remittance service, SendApp, and...
London court allows Chinese firm Zhongshan Fucheng to seize Nigerian properties in the UK over a $70 million arbitration award. The ruling challenges Nigeria's state immunity claims and highlights complexities in international investment disputes. Nigeria plans to appeal, citing concerns over...
![Today's Naira Rate[24-06-2014]: Naira Exchange Rate in Black Market Hits N1500 Per Dollar](/data/attachments/205/205418-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Find the dollar-to-naira exchange rate in the black market for June 23, 2024. Bureau De Change operators in Lagos report buying at N1495 and selling at N1500, compared to CBN's official rates of N1482 and N1483. Rates may vary.
The dollar to naira exchange rate in the black market (also known...
President Bola Tinubu appoints Olatunji Bello as the CEO and Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), pending Senate confirmation. Bello, a seasoned lawyer, administrator, and journalist, is expected to advance consumer protection and ensure...
Shoprite Abuja Novare Central Mall branch is to close by June 30, 2024, due to financial reasons. Vendors affected. Nigerians react on social media.
Shoprite Mall has announced it will cease operations at its Abuja branch in Novare Central Mall, Wuse Zone 5, effective June 30, 2024. The...
Explore Nigerian banks' race to meet new capital requirements set by the CBN, led by Fidelity Bank's N127.1 billion initiative. Discover how banks like Access Holdings and Stanbic IBTC are also raising funds to comply with regulations and support economic growth.
As the Nigerian banking sector...
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