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Naira at record low after Osinbajo advised CBN on forex policy

Naira fell significantly against the dollar at the official market on Wednesday as it exchanged for N415.10 to $1, the lowest rate ever recorded...

VP Osinbajo “absolutely correct” on artificially low forex rate – Bismarck...

Renowned Nigerian economist, Bismarck Rewane, says Vice President Yemi Osinbajo was “absolutely correct” on his comments that Nigeria has an artificially low foreign exchange...

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...

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 continues to weaken

Nigeria is grappling with additional challenges, including a faster rate of inflation, as the gap between official and parallel segment of the foreign exchange...

CBN rejects bid to remove Arabic from naira note

The Central Bank of Nigeria (CBN) has opposed a suit seeking to remove the Ajami (Arabic) inscriptions on naira notes. It told the Federal High...

CBN cuts benchmark lending rate to 12.5%

* Central bank cuts rate by 100 basis points * Largest cut since 2015 * Governor says Nigeria may avoid recession Central Bank of Nigeria (CBN) unexpectedly...

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