The federal government has spent about $8 billion to stabilise the exchange rate of the Naira to the US dollar at its current levels.Managing director/CEO of Lagos-based Financial Derivatives Company, ...

The Federal Ministry of Works (FMoW) and the Federal Ministry of Communications, Innovation, and Digital Economy (FMoCIDE) have formed a ...

In 2024, the euro steadily weakened against the dollar, dropping from 1.12 USD/EUR in September to about 1.02 USD/EUR by January 2025, directly causing the CFA franc to lose ground against the dollar.

The Nigerian currency remained firm against the euro in the parallel market amid the Conservative victory in Europe's largest economy.

Oyalowo said the interventions have helped to stabilise the Foreign Exchange (FX) market and the naira, in a statement he ...

In recent times, Nigerians experienced acute shortage of naira notes across channels: bank teller points, automated teller ...

The Executive Director of the Osun River Basin, Mr Ayobami Oyalowo, has said that some interventions by the Federal ...

Nigerian social media critic Martins Otse, also known as VeryDarkMan, has reacted to Wunmi, Mohbad’s widow, and her account of his final moments in a new video.

This was the key reason for devaluing the naira and embarking on FX reforms,” she said.The dollar falls in markets as the ...

In May 2022, the MPR moved to 13 per cent up from 11.5 per cent. By the end of 2023, the monetary policy rate (MPR) stood at 18 per cent ...

Commercial banks are riding on telco platforms to rake in billions of naira from the increasing number of customers using ...