Economy

THE Central Bank of Nigeria (CBN) yesterday, adjusted the exchange rate to N380/$1 from N379 per dollar that it has had on its official website since August.Also, the apex bank…
Read More...

By Joseph ’AfamheAbout N5.37 trillion (almost 50 percent) deficit to be funded by “domestic and foreign borrowing” is billed into the 2020 national budget. The federal…
Read More...

President Muhammadu Buhari Thursday ordered the Central Bank of Nigeria (CBN) to call off issuance of foreign exchange for food and fertiliser imports, according to a statement by his…
Read More...

Naira fell against the United States’ dollar at the parallel market on Wednesday, closing at N445, according to data from abokiFX, which collates rates from informal street traders.…
Read More...

The Central Bank of Nigeria (CBN) has said that it took critical and verifiable steps that ensured that the Nigerian economy did not spill into major financial crisis in the face of…
Read More...

The inflow of foreign exchange into Nigeria shrank by 43.2% to $5.52 billion in May as Africa’s biggest economy took a battering from a record crash in the prices of oil, which…
Read More...

The Federal Inland Revenue Service (FIRS) says it has inaugurated a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for the use of financial…
Read More...

The value of the naira experienced a boost to N420 at the parallel market against the dollar as at Monday September 2, 2020.This is coming after the announcement by the Central…
Read More...

The Nigerian National Petroleum Corporation (NNPC) posted a N5.34 billion ($14 million) cost for fuel in June, months after it changed its pricing method in order to remove subsidies,…
Read More...