Business

Currency traders on Wednesday in Lagos became apprehensive as the Naira depreciated thrice in six hours at the parallel marketThe...

The Nigerian currency today gained at the dollar opening rate at the Financial Markets Dealers Qoute (FMDQ). The naira on...

Here is the exchange rate as of today, October 19th, 2016 

Banks based in Nigeria have begun suspending their Automated Teller Machine cards (debit and credit) from working overseas as dollar...

Nigerians have been warned by the Central Bank of Nigeria (CBN) not to depositmoney in any institution that is not insured...

Customers who lose money to fraudsters through the mobile money-driven Unstructured Supplementary Service Data (USSD) banking will be reimbursed by...

The naira is expected to make a surprise recovery from today as Travelex, a global foreign exchange (forex) dealer, begins...

The Naira on Thursday, continued to appreciate against the dollar at the three major segments of the Forex market. At...

The International Monetary Fund (IMF) has projected that Nigeria’s economy will be out of recession in 2017, growing by 0.6...

Nigeria has spent 720.5 billion naira ($2.4 billion) on capital expenditure this year to help drag Africa’s biggest economy out...

Nigeria’s foreign exchange market was tension-soaked yesterday, as the Naira raced towards N500/USD1. It closed at N490/ USD1 in the...

As Naira came under fresh pressures in the parallel market Wednesday, the Central Bank of Nigeria, CBN, issued more directives...

Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has expressed optimisms that Nigeria will come out of the...

The Nigerian currency on Wednesday depreciated against the three major currencies in all the segments of the Forex market. At...

A number of Deposit Money Banks in the country will close many of what they described as unprofitable branches as...

The Naira on Friday depreciated in most major segments of the foreign exchange market, the News Agency of Nigeria (NAN)...

Angolan President Jose Eduardo dos Santos on Monday sacked his finance minister Armando Manuel, the presidency announced, as the country...

The Economist, a British newspaper, has branded the Central Bank of Nigeria (CBN’s) defending of the naira as “disastrous”, saying...

Nigeria’s inflation rate has increased to 16.5% in June, the highest in almost 11 years. This increase is presently making...