Nigeria’s broad money supply (M3), which measures the total amount of money available in the economy, surged by 42.76% to… Read More
By early 2025, Nigeria’s long-beleaguered currency has staged an unlikely comeback. The naira, following two brutal devaluations, is now among… Read More
Nigeria, Africa’s most populous nation and one of its largest economies, now finds itself at a critical juncture. Despite its… Read More
The Nigerian naira has experienced a significant depreciation in the black market, reaching a rate of N1,550 per U.S. dollar… Read More
As of midnight on March 4, 2025, U.S. President Donald Trump has imposed tariffs on imports from Mexico, Canada, and… Read More
The naira eased to N1,500 per dollar in the black market on February 28, 2025, giving up some of the… Read More
In its recently released 2024 full-year earnings, MTN Nigeria Communications Plc reported a staggering ₦925.4 billion in foreign exchange losses,… Read More
The Naira continued its steady appreciation against the US dollar, rising to ₦1,490/$ in the parallel market on Monday, marking… Read More
Nigeria’s foreign reserves have been on a downward trajectory for 33 consecutive days. According to data compiled by Bloomberg, the… Read More
Cryptocurrency exchange Bybit made headlines with a bold move, acquiring $87.5 million worth of Ethereum (ETH) through an over-the-counter (OTC)… Read More