Tag: Naira

Currency devaluation has far-reaching consequences, especially when imposed suddenly and forcefully. In Africa, two major economies—Nigeria and Ethiopia—have recently experienced ...

Having a problem like the rising prices of food and services is worse enough, however, a double whammy problem of ...

Nigeria’s external reserves ended the month of June 2022 at $39.16 billion, dropping by $1.37 billion from the $40.52 billion ...

Nigeria’s foreign reserve recorded a rare upward trend in the past week, gaining $39.9 million to stand at $38.52 billion ...

Nigeria’s local currency depreciated massively against the US dollar in the past week, closing at a record high of N605 ...

The Central Bank of Nigeria (CBN) has said it is collaborating with the Nigeria Police and other law enforcement agencies ...

The Federal High Court in Abuja, on Tuesday, ordered the freezing of the bank accounts of six online investment platforms ...