Naira trades at N1,640 as dollar scarcity hits black market
The naira on Tuesday traded at N1,640 following strong demand for dollars amid scarcity on the parallel market, popularly called...
- Tuesday, July 14, 2026
BusinessDay
The naira on Tuesday traded at N1,640 following strong demand for dollars amid scarcity on the parallel market, popularly called...
Banks’ credit to the private sector increased by N19.04 trillion in one year, despite the high cost of borrowing. Data...
The foreign exchange (FX) market closed the month of August on a negative note as the naira recorded a loss...
Lovonus Microfinance Bank, a Micro, Small and Medium Enterprises (MSMEs) lender in the country, said it is targeting a loan...
The number of women serving as Central Bank governors has risen by 26% in the past year, according to a...
…Currency in circulation jumps by 56.18% in one year …Money outside banks drops by 65.61% …Credit to government declined 31,19%...
…Signs MoU to promote risk management across Africa As part of efforts to address the various risks confronting Nigeria, the...
Nigeria has received more remittances and other inflows over the past year, contributing to an increase in the foreign currency...
Remittances and other inflows have risen over the past year, contributing to an increase in Nigeria’s foreign currency reserves....
The Central Bank of Nigeria (CBN) has lifted the suspension on banks borrowing from its window, known as the Standing...