Inflation rate slows, first time in 3 yrs, to 18.02%
•Inflation easing should be consolidated through decisive, well-targeted policy action —CPPE •At 18.02%, inflation rate is still far from the CBN long-run target of 9%—Prof. Uwaleke By Peter Egwuatu, Assistant Business Editor & Elizabeth Adegbesan Nigeria’s inflation rate eased by 2.1 percentage point to 18.02 percent in September 2025 from 20.12 percent in August 2025. This is […]
Naira rises to N1,550/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,550 per dollar in the parallel market from N1,555 per dollar on Tuesday. But the Naira depreciated to N1,537.9 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose slightly […]
Naira down to N1,565/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated to N1,565 per dollar in the parallel market from N1,555 per dollar on Monday. But the naira appreciated to N1,533.5 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to […]
Naira appreciates to N1,555/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,555 per dollar in the parallel market from N1,560 per dollar last weekend. Similarly, naira appreciated to N1,533.8 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to N1,533.8 […]
Banks reopen Naira card payments for international tuition fees
Nigerian banks have resumed processing international tuition payments from Naira accounts through the Central Bank of Nigeria, CBN’s Form A portal.
Diaspora home remittances hit $20bn in 2024 — Tinubu
“This is commendable and in our enlightened self-interest, as only Nigerians, both at home and abroad, can develop Nigeria,’’ he said.
