foreign exchange

GCR Affirms MTN Nigeria’s AAA Rating, Outlook Stable

GCR Affirms MTN Nigeria’s AAA Rating, Outlook Stable

Global Credit Rating (GCR) has reaffirmed MTN Nigeria Communications Plc’s national scale long-term and short-term issuer ratings at AAA(NG) and… Read More

4 weeks ago

Nigerian Stocks Open Flat as Traders Await MPC Outcome, Naira Strengthens

Despite strong market breadth and a surge in trading activity, the Nigerian Exchange (NGX) began the week largely flat, as… Read More

1 month ago

Exchange Rate: Bode Agusto Forecasts Naira Will Stabilise at ₦1,600/$ By December 2025

The Bode Agusto report on the Nigerian economy in 2025 provides a nuanced assessment of the critical role foreign exchange… Read More

5 months ago

Foreign currency shortages are cutting Nigerians off from Apple Music, AliExpress, and more

In July 2021, Lagos-based software engineer Sodiq Lawal was working on a project for a fintech startup when the Central… Read More

2 years ago

CBN Conversion of Domiciliary Accounts Could Lift FX Reserves by 43%

The Central Bank of Nigeria (CBN) via the Director, Corporate Communications, Mr. Osita Nwanisobi, disclosed in a statement that it… Read More

4 years ago

“CBN Forex Rate is a Joke”: Why the Black Market Is Popular

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, last week criticized Nigerians for patronizing the black market for foreign… Read More

5 years ago

The Nigeria Oil and Other Subsidy Traps: Is Freedom in View?

  Abundant oil revenues enabled Nigerian governments to institute vast subsidies and statist economic controls. These government interventions progressively weakened the competitiveness of… Read More

5 years ago

The Dollar Mallam: Thriving Amid Naira Devaluation in the Black Market

The Dollar Mallam Who Gets A lot of Customers After Naira Devaluation In this exclusive interview, we delve into the… Read More

5 years ago