Nigeria’s foreign exchange reserves have recorded a significant decline within two weeks this January, dropping by $832.62m between January 6 and January 21.Data from the Central Bank of Nigeria ...

Banks are beginning to reduce their interest rates on foreign exchange (FX) deposits as dollar supply improves.

The Nigeria Security and Civil Defence Corps (NSCDC), Ebonyi State has vowed to ensure enforcement of the law against the abuse of the Nigerian currency. The corps described the Naira as a critical ...

Unemployment Rate 4.1% The unemployment rate changed little at 4.1% and total nonfarm payroll employment increased by 256,000 in December. Healthcare, government, and social assistance saw increases, ...

The NESG on Thursday projected a notable appreciation of the naira to an average exchange rate of N1,300 to the US dollar in ...

Banks across the country have commenced the enforcement of the Central Bank of Nigeria’s (CBN) directive to limit Point-of-Sale (PoS) withdrawals to N100,000 per day and N500,000 per week for ...

Olayemi Cardoso, governor of the Central Bank of Nigeria, will have established a new Compliance Department within the apex bank.

Olayemi Cardoso, has announced the creation of a new Compliance Department within the bank, which is scheduled to become operational by the end of February 2025.

ShareWhat do we do to steady the naira to find its stable level in 2025 without fiscal discipline? It’s the economy, stupid!

The State Commandant, Nigeria Security and Civil Defence Corps Ebonyi State Command, Francis Chika Nwadi, has pledged to partner the Central Bank of Nigeria to come against the current wave of abuse ...

The Securities and Exchange Commission (SEC) has disclosed that banks raised N2.2 trillion from the capital market in 2024 to ...