The Nigerian currency, the naira, dropped to a record low against the dollar on Friday on the official market, close to the rate at which it...
The House of Representatives passed the 2024-2026 medium-term expenditure framework on Tuesday, a set of assumptions that will be used to prepare the country’s budget over...
The Kenyan shilling sank to a new all-time low of 150 to the dollar on Monday, adding to the woes of people already battered by high...
Nigeria finance minister Wale Edun on Monday claimed that the country is expecting $10 billion in foreign currency inflows in the next few weeks to ease...
Oil prices rallied while the dollar and yen advanced Monday after Hamas launched a shock attack on Israel at the weekend, sparking fresh concerns about tensions...
President Bola Tinubu’s lightning-fast reform push after taking office in May sparked hope that his administration would be a business-friendly antidote to mounting economic troubles facing...
The National Economic Council confirmed on Thursday that the Federal Government’s $3 billion emergency loan for crude oil secured in August would be used to stabilize...
The naira, on Thursday, recorded a 0.22% gain against the dollar as it exchanged at N771.69 at the Investors and Exporters window. In comparison to the...
Amid a shortage of foreign exchange, Nigeria’s inflation rate rose to 24.08% in July 2023, the highest recorded in recent times. The July 2023 rate showed...
The Central Bank of Nigeria (CBN) has said it is set to take new measures to save the naira from an impending crash in the...