Just In: Industry sector activities declined in August – CBN
As economic activities expand 9th consecutive month By Elizabeth Adegbesan Activities in the industrial sector declined at 49.1 index points in August 2025 following a decline in 10 of its subsectors among 17 surveyed. The Central Bank of Nigeria, CBN, disclosed this today in its Purchasing Managers Index Report for August 2025. “The Industry Sector […]
Naira strengthens steadily against Dollar
The Naira, which has seen steady appreciation against the Dollar all week, closed stronger on Friday, trading at ₦1,580.44 in the official forex market. Data from the Central Bank of Nigeria’s website show the Naira gained ₦4.51k against the Dollar on Friday alone. This marks a 0.28 per cent appreciation from Thursday’s closing rate of […]
Naira rises to N1,620/$ in parallel market
By Elizabeth Adegbesan THE naira yesterday appreciated to N1, 620 per dollar in the parallel market from N1,625 per dollar on Monday. But the Naira depreciated to N1,598.69 per dollar in the Nigerian Foreign Exchange Market (NFEM), Data published by FMDQ showed that the exchange rate for the naira rose slightly to N1,598.69 per dollar […]
75% of goods from Benin ports bound for Nigeria — Reps Speaker
•Vows to back reforms to simplify trade regulations By Yinka Kolawole The Speaker, House of Representatives, Tajudeen Abbas, has said that more than 75 percent of goods offloaded in the Benin Republic ports are bound for Nigeria, blaming inefficiencies and high costs at Nigerian ports. Abbas stated this when he received a delegation from the Presidential […]
Naira depreciates to N1,635/$ in parallel market
By Elizabeth Adegbesan The naira yesterday depreciated to N1, 635 per dollar in the parallel market from N1,625 per dollar on Tuesday. The Naira has recorded a 1.8 percent or N29 depreciation in the parallel market from the beginning of this month till date. However, the Naira appreciated to N1,596 per dollar in the Nigerian […]
Cartoon: Wrong target, as inflation run away
Cartoon: Wrong target, as inflation run away
Naira-for-crude deal continues, says FG
According to the ministry, the stakeholders reaffirmed the government’s continued commitment to the full implementation of this strategic initiative, as directed by the Federal Executive Council (FEC).
VANGUARD ECONOMIC DISCOURSE: Interest, exchange rates, others sustain pressures on businesses, households — ASBON boss
By Emeka Anaeto, Business Editor Inflationary pressures coupled with foreign exchange volatility, and high interest rates have continued to strain businesses and households in Nigeria. Stating these at the backdrop of the upcoming Vanguard Economic Discourse, Dr. Femi Egbesola, President, Association of Small Business Owners of Nigeria (ASBON), added that amongst the key macroeconomic headwinds […]
Naira rises to N1,560/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1, 560 per dollar in the parallel market from N1,570 per dollar on Wednesday. But the Naira depreciated to N1,540 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira […]
Naira depreciates to N1,585/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated to N1, 585 per dollar in the parallel market from N1,580 per dollar last weekend. But the Naira appreciated to N1,533 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira […]
Customs intercepts $193,000 concealed in yogurt carton at Abuja airport
“One Sarina, who boarded Ethiopian Airlines from Jeddah, Saudi Arabia, was found concealing a total sum of $193,000 inside a carton of yoghurt”
Naira appreciates N1,590/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1, 590 per dollar in the parallel market from N1,600 per dollar last weekend. However, the Naira depreciated to N1,549 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira […]
Global trade war: Naira value depreciates amid forex outflows
THE uncertainty caused by the ongoing tariff war between the United States and some countries have triggered the exit of foreign exchange outflow from Nigeria
Naira appreciates to N1,560/$ in parallel market
Consequently, the margin between the parallel market and NFEM rate widened to N57.5 per dollar from 88 kobo per dollar on Thursday.
CBN is positioning banks for $1trn economy – Cardoso
“As we shift from unorthodox to orthodox monetary policy, the CBN remains committed to restoring confidence
Naira rises to N1,630/$ in parallel market
The Naira yesterday appreciated to N1,630 per dollar in the parallel market from N1,640 per dollar on Tuesday. Similarly, the Naira appreciated to N1,507 per dollar in the official foreign exchange market.
