The Central Bank of Nigeria (CBN) has incurred a loss of N9 billion, about N13.9 trillion, as it tries to save the Nigerian ...

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Naira-based financing is emerging as a viable solution to Nigeria’s persistent currency volatility, according to startup ...

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In an attempt to correct this longstanding imbalance, the government introduced a new approach: the Naira ... dollar demand, and support broader reforms following the removal of fuel subsidies. It ...

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610 per dollar. The exchange rate for the naira has risen by 1.49 percent when compared to N1,606 per dollar it closed the previous weekend. Meanwhile, black market traders have attributed the ...

This represents a 0.34 per cent loss when compared to the N1,596.69 per dollar recorded on Wednesday, 30 April, before the Workers’ Day holiday on Thursday, 1 May. The Naira had remained ...

The lenders surveyed include Zenith Bank Plc, United Bank for Africa (UBA) Plc, Access Holdings Plc, FCMB Group Plc, Stanbic ...