IMF downgrades forecast for Nigeria’s economic growth to 3.1%
NBS data showed that Nigeria's GDP growth dropped, quarter-on-quarter, QoQ to 2.98 per cent in the Q1’24 from 3.46 per cent
Currency depreciation: EFCC moves against Foreign missions in Nigeria
As the Nigerian currency continues to tumble, the Economic and Financial Crimes Commission has warned foreign missions not to demand foreign currency for goods and services in the country.
Cartoon: Who’s controlling this child called Dollar?
Cartoon: Who’s controlling this child called Dollar?
CBN bans forex denominated collateral for naira loans
The Central Bank of Nigeria, CBN, has banned the use of foreign denominated collaterals for naira loans.
CBN slashes BDC exchange rate to N1,117.5/$
The Central Bank of Nigeria, CBN, has slashed the exchange rate in the Bureaux De Change, BDC, segment of the forex market by 12 per cent or N152.23 to N1,117.5 per dollar even as it commenced another round of dollar sale to 1,588 eligible BDCs.
Naira appreciates to N1245/$ in parallel market
The Naira on Friday appreciated to N1,245 per dollar in the parallel market, from N1,250 per dollar on Thursday.
