Naira loses 5.9% against dollar in one month
The Nigerian currency, the naira, witnessed a depreciation of 5.9 per cent against the dollar month-on-month (m/m) in April, following increased demand amid low liquidity. ...
- Monday, June 22, 2026
BusinessDay
The Nigerian currency, the naira, witnessed a depreciation of 5.9 per cent against the dollar month-on-month (m/m) in April, following increased demand amid low liquidity. ...
Money outside the banking system, also known as currency outside banks (COBs) rose by 10.67 percent in the first quarter...
The low asset base of Nigerian banks relative to peers makes a compelling case for a recapitalisation exercise, according to...
Mustapha Chike-Obi, chairman, Bank Directors’ Association of Nigeria, on Friday lauded the Central Bank’s latest bank recapitalisation policy but warned...
Nigeria has acceded to the Establishment Agreement for the Fund for Export Development in Africa (FEDA), the development impact investment...
The naira on Friday exchanged flat at 1, 380 as dollar scarcity bites at the parallel market, also known as...
The NDIC on Thursday raised the maximum deposit Insurance coverage for depositors of banks by 900 per cent to N5 million....
Sub-Saharan Africa stands to reap over 10 percent of global revenue from critical minerals such as copper, nickel, cobalt, and...
In recent years, Nigeria has witnessed a burgeoning wave of technological innovation reshaping various sectors of its economy. Among these...
The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its unwavering commitment to combating corruption by inaugurating its Anti-Corruption and Transparency...