The federal government has spent about $8 billion to stabilise the exchange rate of the Naira to the US dollar at its current levels.Managing director/CEO of Lagos-based Financial Derivatives Company, ...

In recent times, Nigerians experienced acute shortage of naira notes across channels: bank teller points, automated teller ...

This was the key reason for devaluing the naira and embarking on FX reforms,” she said.The dollar falls in markets as the ...

Oyalowo said the interventions have helped to stabilise the Foreign Exchange (FX) market and the naira, in a statement he ...

The Nigerian currency remained firm against the euro in the parallel market amid the Conservative victory in Europe's largest economy.

In May 2022, the MPR moved to 13 per cent up from 11.5 per cent. By the end of 2023, the monetary policy rate (MPR) stood at 18 per cent ...

The Federal Ministry of Works (FMoW) and the Federal Ministry of Communications, Innovation, and Digital Economy (FMoCIDE) have formed a ...

The Executive Director of the Osun River Basin, Mr Ayobami Oyalowo, has said that some interventions by the Federal ...

MultiChoice is set to increase the monthly subscription rate of its DStv Compact bouquet from N15,700 to N19,000, ...

A hair-dressing salon, a fashion designer’s shop and a foodstuff seller’s shop were also affected, with equipment and ...

Commercial banks are riding on telco platforms to rake in billions of naira from the increasing number of customers using ...

Food inflation supposedly fell to 26.08 per cent down from 39.84 per cent under the new methodology. However, this sanitised ...