Organized labor took to the streets in protest at the Lagos office of the National Agency for Food, Drug Administration and Control (NAFDAC) following the ban...
In a recent interview on Channels TV’s Sunrise Daily, Nnaemeka Obiareri, a Development Economist and Investment Banker, raised concerns about Nigeria’s economic state. He accused former...
MThe naira exhibited a positive trend at the official forex window on Monday, gaining 1.09% to close at 1,419.86/$. This rebound follows reassurances from the Central...
In a fresh move that echoes a similar strategy employed eight months ago, the Central Bank of Nigeria (CBN) has once again opted to float the...
Currency markets are experiencing heightened uncertainty this week as investment analysts predict further depreciation of the Naira, adversely affecting Nigerians and the economy. The 61% depreciation...
Despite the abundance of crude oil, Nigeria has consistently fallen short of its oil production targets outlined in national budgets over the past 10 years, according...
In response to circulating reports suggesting a plan to convert $30 billion domiciliary deposits to naira, the Central Bank of Nigeria (CBN) categorically dismissed the rumors...
The Nigerian naira exhibited strength in the official section of the foreign exchange market on Friday, marking a 1.84 percent appreciation. Closing at N1,435 per dollar,...
President Bola Tinubu’s administration, facilitated by the Central Bank of Nigeria, has increased the exchange rate for cargo clearance from N952/$ to N1,356/$. This decision comes...
Vice-President Kashim Shettima has asserted that clowns are jubilant over the impending implosion of Nigeria’s economy, spurred by the recent depreciation of the naira to N1,500...