Hope Moses-Ashike

The official foreign exchange receipt from crude oil sales into Nigeria's official reserves has dried up steadily from above US$3.0 billion monthly in 2014 to an absolute zero dollars today,…

The Central Bank of Nigeria (CBN) on Friday projected that persistent inflation rate, which has impacted the purchasing power of Nigerians, could fall steadily to less than 15 percent by the…

Naira has stabilised at N775 per dollar as demand pressure has waned amid increased supply of the greenback at the parallel market, also known as the black market. For the past three…

The foreign exchange market was calm and the pressure on naira eased on the back of dollar supply on Wednesday, as the Central Bank of Nigeria (CBN) unveiled the newly redesigned banknotes.…

Nigerian banks are expected to follow suit as Fidelity Bank Plc has temporarily extended its operating hours to 6.00pm after the Central Bank of Nigeria (CBN) announced that the new naira…