Key Points The Central Bank of Nigeria (CBN) allows eligible International Money Transfer Operators (IMTOs) to sell foreign exchange (FX)… Read More
She warned that restricting naira transactions on cryptocurrency exchanges could drive Nigerians to US dollar-denominated assets, worsening the naira's… Read More
In a concerning development for Nigeria's economic landscape, the Naira has plummeted to a three-week low, concluding at N1,488.60 per… Read More
The Presidential Committee on Fiscal Policy and Tax Reforms has recommended that the federal government adopt a fixed exchange rate… Read More
“The CBN has achieved a unified exchange rate – this has eluded Nigeria for 11 years. All this is… Read More
The Central Bank of Nigeria has banned the sales of forex on the streets across the country. The order for… Read More
The Central Bank of Nigeria has directed all Bureaux De Change operators in Nigeria to reapply for new licences as… Read More
Nigeria's naira crisis cannot be resolved by only monetary policies. Complementary fiscal reforms, reducing government expenditure, and growing the nation's… Read More
"Ironically, the BUA Group, a rival conglomerate that...has conducted a high-profile campaign accusing Dangote of illegal accumulation of subsidised foreign… Read More
The current president of Nigeria, Bola Tinubu, has implemented reforms that, despite their challenges to economic growth, could result in… Read More