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Tinubu sets ambitious N1,500/dollar exchange rate target for 2025 budget

President Bola Tinubu has set an ambitious target of stabilizing Nigeria’s exchange rate at N1,500 to the dollar as part of his administration’s economic...
Business

Senate moves to ban use of foreign currencies for payments in Nigeria

The Senate has taken a significant step towards restoring Nigeria’s monetary sovereignty by proposing a legislation to ban the use of foreign currencies for...
Business

Economist Says Naira Appreciation Victory For Nigerians

An economic expert, Vangawa Bolgent has declared the present appreciation of the Naira over the US Dollar a victory for the Nigerian people.Bolgent spoke...
Business

FX matching system to restore Naira – Cardoso

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said on Friday the true value of the Naira would be restored with...
Business

Nigerian govt targets increased oil production to boost FX Inflow, stabilise naira

The Nigerian government is eyeing increased oil production to boost forex inflow to stabilise the naira and boost economic growth.Minister of Finance and Coordinating...
News

Naira predictions for 2025

The Naira is a fat currency of Nigeria, a country in the African region. The Central Bank of Nigeria is the sole issuer of...
News

Nigeria’s Naira joins worst-performing currencies globally —Bloomberg

Nigeria’s local currency, the naira, has joined the ranks of the world’s worst-performing currencies, according to a report by Bloomberg..The naira’s dismal performance is...
Business

Nigerian govt to commence crude oil sale to Dangote, others in Naira from October

The Federal Government has announced that it will begin selling crude oil to local refineries, including the Dangote Refinery, in naira starting from October...
Business

CBN injects $148m into FX market amid Naira depreciation

The Central Bank of Nigeria (CBN) has intervened in the foreign exchange market, injecting a sum of $148 million into the system.This move comes...
Business

Otedola’s Geregu Power Suffers N507m Forex Losses In Six Months

Nigeria’s biggest listed power company, Geregu Power Plc has suffered N507.2m in foreign exchange losses but the company recorded impressive earning during the period...
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