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)
Bismarck Rewane, a prominent Nigerian economist and CEO of Financial Derivatives Company Limited, appeared on Arise News to address the
The recent developments surrounding the Nigeria Customs Service (NCS) and its handling of the 4% Free-on-Board (FOB) charge on imports
In a dramatic shakeup, the Trump administration has placed roughly 4,200 USAID employees on administrative leave and announced the firing
Nigerians seeking foreign exchange for international transactions can now breathe a sigh of relief as FirstBank announces the resumption of
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has reaffirmed the bank’s commitment to strengthening economic ties between Nigeria and
In recent months, the Nigerian naira has shown signs of appreciation, trading at approximately ₦1,502.50 per dollar in the official
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