Exchange Rate & Currency

Bismarck Rewane: CBN’s $8 Billion Defence of the Naira is Ok

Bismarck Rewane: CBN’s $8 Billion Defence of the Naira is Ok

Bismarck Rewane, a prominent Nigerian economist and CEO of Financial Derivatives Company Limited, appeared on Arise News to address the… Read More

5 months ago

Detailed Analysis of NCS’s 4% FOB Charge Cancellation

The recent developments surrounding the Nigeria Customs Service (NCS) and its handling of the 4% Free-on-Board (FOB) charge on imports… Read More

5 months ago

USAID Workforce in Turmoil: Trump Administration Cuts Over Half USAID Staff

In a dramatic shakeup, the Trump administration has placed roughly 4,200 USAID employees on administrative leave and announced the firing… Read More

5 months ago

FirstBank Resumes Foreign Currency Sales, Boosting Access for International Transactions

Nigerians seeking foreign exchange for international transactions can now breathe a sigh of relief as FirstBank announces the resumption of… Read More

5 months ago

CBN Governor Olayemi Cardoso Pledges to Strengthen Nigeria-Saudi Economic Ties, Not Clear if Seeking Support for the Naira

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has reaffirmed the bank’s commitment to strengthening economic ties between Nigeria and… Read More

5 months ago

Bismarck Rewane: Naira Recovery Not Sustainable, Don’t Get Carried Away

In recent months, the Nigerian naira has shown signs of appreciation, trading at approximately ₦1,502.50 per dollar in the official… Read More

5 months ago

Questioning the Stable ₦1,500/$ Forex Rate, Nigeria Has Borrowed $4 Billion and Spent $8 Billion to Defend the Naira

In an economy grappling with currency volatility and rising debt, Nigeria’s aggressive defense of the naira has been both bold… Read More

5 months ago

African Development Bank: ‘Why I Selected Sidi Ould Tah’

The African Development Bank (AfDB) stands at an important moment as it approaches its presidential election during the Annual Meetings… Read More

5 months ago

Dr Muda Yusuf- CBN Benchmark Rate Should Not be Higher Than the Inflation Rate

The Central Bank of Nigeria (CBN) recently announced a pause in its aggressive monetary policy tightening, opting to hold the… Read More

5 months ago

Just In: CBN Votes To hold Monetary Policy Rates (MPR) at 27.5%

The Central Bank of Nigeria's monetary policy committee has voted to hold all key interest rates at their current levels… Read More

5 months ago