The Central Bank of Nigeria (CBN) on Friday intervened in the foreign exchange market, injecting $197.71 million to stem the
Nigeria’s broad money supply (M3), which measures the total amount of money available in the economy, surged by 42.76% to
By early 2025, Nigeria’s long-beleaguered currency has staged an unlikely comeback. The naira, following two brutal devaluations, is now among
Nigeria today stands at an economic crossroads, not unlike Brazil in the mid-1990s or India in the early 2000s. Both
Nigeria, Africa’s most populous nation and one of its largest economies, now finds itself at a critical juncture. Despite its
The Nigerian naira has experienced a significant depreciation in the black market, reaching a rate of N1,550 per U.S. dollar
As of midnight on March 4, 2025, U.S. President Donald Trump has imposed tariffs on imports from Mexico, Canada, and
The naira eased to N1,500 per dollar in the black market on February 28, 2025, giving up some of the
In its recently released 2024 full-year earnings, MTN Nigeria Communications Plc reported a staggering ₦925.4 billion in foreign exchange losses,
The Naira continued its steady appreciation against the US dollar, rising to ₦1,490/$ in the parallel market on Monday, marking
Nigeria’s foreign reserves have been on a downward trajectory for 33 consecutive days. According to data compiled by Bloomberg, the
Cryptocurrency exchange Bybit made headlines with a bold move, acquiring $87.5 million worth of Ethereum (ETH) through an over-the-counter (OTC)
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