The value of the dollar has depreciated significantly in the official and unofficial foreign exchange marketsNew data showed ...

CBN announced the deadline extension on Monday, February 3, 2025, allowing eligible operators to access the official window ...

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Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has vowed to tackle commoditisation ( buying and selling) of Naira notes, which has become widespread in the country.

The Central Bank of Nigeria has encouraged businesses to adopt export activities as a strategy to maximise opportunities presented by the weakened naira. This appeal was made by the Deputy ...

President Bola Tinubu embarked on Nigeria's boldest reforms after he took office in 2023 by scrapping a decades-old petrol subsidy and devaluing the naira currency in an effort to jump-start growth.

The vandalisation of electricity transmission infrastructure in the country also made it on the front page of many Nigerian newspapers. The Daily Independent headline said, “Vandals Destroy 18 ...

The death toll from a gasoline tanker explosion in north-central Nigeria has risen to 86 ... including people taking pictures, bystanders, and others attempting to scoop gasoline, Isah said.

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