Forex

For the very first time in the history of Nigeria’s economy, the Naira hit a record low of 600 naira per dollar on the black market, increased political spending on…

The real estate business in Nigeria is one of the sectors of the economy that’s contributing immensely to the country’s GDP. But in the last few months, the sector has…

The National Bureau of Statistics (NBS) on Tuesday said inflation rose by 12.20 per cent year-on-year in February. The inflation rate of 12.2 per cent, according to the bureau is…

The naira appreciated against the dollar on Friday after days of panic buying amid speculations that the Nigerian central bank may devalue the local currency. The Nigerian currency had lost…

Nigeria’s Naira recorded its weakest performance against the United States dollar in two decades, closing the outgone 2019 on an average of N362.60, the worst run since the country returned…

The naira on Thursday was sold at N359.3 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N450 and N396, respectively. At…

The Central Bank of Nigeria (CBN) has directed commercial banks and bureaux de change operators to stop sale of forex for the import of textiles and clothing materials in the…

Nigeria’s foreign exchange reserves have declined by $2.15 billion in the last 30 days, as the Central Bank of Nigeria (CBN) position itself in defence of the naira. Since the…

Reveals How He Runs DOZEK Construction Ltd Donatus Nzekwesi is the CEO/Chairman of Dozek Construction Ltd, a real estate company he floated in 2012 when he came back from the…

The House of Representatives on Thursday summoned the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, and the Minister of State for Petroleum Resources, Ibe Kachikwu to appear before…