Currencies

Diaspora remittances into Nigeria increased by 15.6% QoQ to $9.22 billion in H1 2021 compared to $7.98 billion recorded in...

Tanzania aims to develop its own digital currency, following in the footsteps of Nigeria, after becoming concerned about the risk...

Nigerians can now apply for forex online, thanks to the Central Bank of Nigeria's deployment of an electronic Form 'A'...

Monday, 29th November 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1, at the official Investors and Exporters (I&E) window.  Naira closed flat against the US...

The World Bank has stated that  the Central Bank of Nigeria's exchange rate management  policies continue to discourage investment and fuel inflation....

Friday, 26th November 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1, at the official Investors and Exporters (I&E) window.  Naira closed flat against the US...

Global markets are currently spooked over the likely effects of the newly discovered Omicron Covid-19 variant, first discovered in southern...

Thursday, 25th November 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1, at the officially...

Backstory Across every stakeholder spectrum in the Nigerian economy (i.e. investors, consumers, policymakers or economic observers), one persistent recurring topic...

Despite the upsurge in foreign reserves, the Naira is projected to further depreciate in 2022. This is according to projections...