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 …