Exchange Rate & Currency

Nigeria’s FX Reforms Face Setback as Parallel Market Divergence Resurfaces- Fitch Report

Nigeria’s FX Reforms Face Setback as Parallel Market Divergence Resurfaces- Fitch Report

Nigeria's pursuit of foreign exchange (FX) reforms has encountered a significant challenge as the gap between official and parallel market… Read More

7 months ago

2025 Budget and N1500/$ Exchange Rate Projection: How Has Budgetary Exchange Rate Projections Fared Over The Years?

In every Nigerian budget, one of the key projections everyone looks out for is the exchange rate projections on which… Read More

7 months ago

2025 Budget: Tinubu Proposes N47.9 Trillion, Earmarks N15.18 Trillion for Debt Servicing

Debt servicing is expected to gulp N15.18 trillion in the 2025 budget tagged “Budget of Restoration: Securing Peace, Rebuilding Prosperity”… Read More

7 months ago

Inside Kenya’s Push for Financial Resilience: The Central Bank’s New Banking Reform

The Central Bank of Kenya (CBK) is introducing critical reforms aimed at reinforcing the country’s banking sector by issuing draft… Read More

8 months ago

Naira Falls to N1,750/$ on the Parallel Market

The Naira to Dollar rate fell to N1,750 on the parallel market popularly called the 'black market' on Wednesday as a… Read More

8 months ago

Naira USD Exchange Rate: Projection of NGN1993/USD Rate Contradicts BMI Report’s Gloomy Forecast for Medical Devices Industry

A report by BMI Research, a subsidiary of Fitch Solutions, forecasts significant constraints on the import of critical medical supplies… Read More

9 months ago

Gold Waxing Strong Against the Dollar, Implications for Nigerians Saving in Dollars

Gold traded strongly on Friday on the floor of the London Stock exchange. The precious metal benefited from safe-haven demands… Read More

9 months ago

The Naira and Nigeria’s Export Competitiveness: Is Devaluation A Myth ?

Yemi Cardoso, Governor of the Central Bank of Nigeria, has emphasised that the devaluation of the naira presents an opportunity… Read More

9 months ago

Pound Falls as UK Inflation Hits Three-Year Low

The British pound fell 0.6% against the US dollar, reaching $1.30 on Wednesday after UK inflation came in lower than… Read More

10 months ago

Naira Devaluation Makes Nigerian Exports Most Competitive in 20 Years- World Bank Economist

World bank’s chief economist, Indermit Gill at a meeting with the National Economic Summit Group (NESG) on praised the current… Read More

10 months ago