Exchange rate falls at official market as forex turnover drops by 83%
Thursday, 29th July 2021: The exchange rate between the naira and the US dollar closed lower at N411.67/$1 at the official...
Internet to contribute $180 billion to Africa’s economy by 2025 – IFC Report
Over the past decade, Africa’s Internet gross domestic product (iGDP) growth has been strong.
Naira gains at official window as dollar supply surges by 204.4%
Naira depreciated significantly by 3.9% at the parallel market to close at N525/$1 as against N505/$1 recorded the previous day.
Daily covid-19 cases in Nigeria soars to record high
Lagos, Akwa Ibom, Rivers top list of states with highest cases currently on admission.
Panic as exchange rate climbs to N525/$1
The exchange rate between the naira and dollar depreciated to N525/$1 on Wednesday, 24 hours after the central bank banned...
Naira falls to N525/$1 at black market as dollar scarcity hits BDCs
The exchange between the naira and the US dollar has dropped to as low as N525/$1 at the black market...
Nigeria receives $2.78 billion foreign inflows in H1 2021, 61% drop from H1 2020
Foreign inflows into the Nigerian economy dropped significantly by 61% in H1 2021.
Exchange rate depreciates across forex markets as CBN bans sale of dollar to BDCs
Naira depreciated against the US dollar to close at N411.67/$1 on Tuesday.
CBN blows hot, bans sale of forex to BDCs
The Central Bank of Nigeria has hit at the Bureau De Change (BDC) for illegal forex trading and will henceforth...
MPC votes to retain benchmark interest rate at 11.5%, hold other parameters constant
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has voted unanimously to retain the Monetary Policy...
