Developments in the foreign exchange market are putting the Central Bank of Nigeria under intense pressure to further devalue the naira. The currency has been experiencing...
Former Chairman of the Economic and Financial Crime Commission, EFCC, Mallam Nuhu Ribadu, has pooh-poohed allegations by the former Central Bank governor, Prof. Chukwuma Soludo that...
My attention has been drawn to statements credited to the Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, in response to my...
A civil society group, Socio-Economic Rights and Accountability Project, has told the Minister of Finance, Dr. Ngozi Okonjo-Iweala, to explain to Nigerians the whereabouts of the...
Last week Tuesday, the CBN Governor, Mr Godwin Emefiele met with the organised private sector to discuss developments in the foreign exchange market. He gave insights...
The Naira on Friday depreciated against the dollar as it traded at N208 from the N191.50 it sold for on Monday, Jan. 19. The rate has...
Nigeria’s Excess Crude Account, the equivalent of the Sovereign Wealth Fund, has plunged to $2.45 billion as oil prices continue to fall. The balance in the...
Experts of Financial Derivative Company Limited predict that the naira will continue to fall to N200 per dollar at the parallel market. Such appreciation was caused...
Last October monthly import of kerosene from the United States to Nigeria had hit the highest mark since 1995, BusinessNews informs. The latest estimates based on...
Mr Eugene Nweke, President, Nigerian Association of Government Approved Freight Forwarders of Nigeria (NAGAFF), on Monday cautioned the Central Bank of Nigeria (CBN) against further devaluation...