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Why Osinbajo advocates forex policy that curbs arbitrage & corruption, offering...

Vice President, Yemi Osinbajo has called for an improvement in forex policies of the Central Bank of Nigeria (CBN). Contrary to false reports that the...

How CBN, commercial banks collude with Western Union, MoneyGram to kill...

Former Minister of Finance, Chief Anthony Ani has detailed how the Central Bank of Nigeria and commercial banks in Nigeria collude with Western Union...

CBN devalues naira to N410.25/$1

The Central Bank of Nigeria (CBN) has devalued the naira to N410.25 to dollar. The devaluation of the local currency was confirmed by the adoption...

Dollar hits 1-year high against yen as inflation thickens

The dollar climbed to a one-year high against the yen on Tuesday amid a spike in Treasury yields, as accelerating vaccinations and massive stimulus...

Buhari never promised to make one dollar equal to one naira...

The Presidency has said that there was not a time when the current administration promised to make one naira become equivalent to one dollar. Mr....

CBN ‘Naira 4 Dollar’: Beneficiaries to receive N5 for every $1

The Central Bank of Nigeria (CBN) has introduced a ‘Naira 4 Dollar Scheme’ for diaspora remittances, which offers recipients of diaspora remittances through CBN’s...

Senate benchmarks oil at $40 per barrel, dollar at N379

The Senate, shortly before it adjourned plenary on Thursday, passed the 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The passage of...

CBN devalues naira, dollar change at N392

The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar. The naira devaluation has brought the local currency closer...

Naira exchanges at N450 to dollar

The naira on Thursday exchanged at N450 to  dollar at the parallel market as build up on dollar demand continued to rise. The naira is...

Naira closes at N359.3 to dollar

The naira on Thursday was sold at N359.3 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N450 and N396, respectively.

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