Households in Nigeria are now seeking cheap substitutes to various food items due to their reduced purchasing power amid soaring...
As Nigeria’s largest steel making factory, located at Ajaokuta in Kogi State, remains standstill, the country continues to lose N2.5...
Numerous security agencies at the nation’s airports with their attendant conflicting functions are scaring genuine foreign investors, Business Day interactions...
Nigeria’s dollar-denominated bonds rose as much as half a cent on Tuesday, a day after the central bank abandoned its...
Nigeria’s central bank has sold $3.5 billion on the forward market after it auctioned $532 million and intervened on the...
There are indications that the Nigerian economy may be battling with huge revenue losses to economies of other neighbouring countries...
Analysts and investors in the Nigerian Capital Market have expressed optimism that the market will rebound again following the newly...
After the Gross Domestic Product (GDP) growth contraction in South Africa, Africa’s second largest economy, it is safe to conclude...
After 16 months of an unrealistic currency peg, leading to a wide disparity between the official exchange rate and the...
Nigeria’s new foreign exchange market made a robust take-off yesterday, Monday, June 20, 2016, as the Central Bank cleared a...
An economist, Aminu Usman says the new Foreign Exchange (FX) policy introduced by the Central Bank of Nigeria (CBN) will...
The Central Bank of Nigeria (CNN) will hold a special auction on Monday to sell banks U.S. dollars to reduce a...
Nigeria is allowing its struggling currency, the naira, to trade freely in a move to tackle the financial crisis in...
Nigeria’s naira was quoted at 253 against the U.S. dollar as a new interbank market opened on Monday but no...
Friday Udoh, former coordinator of Institute of Chattered Economists of Nigeria (ICEN), South-South zone, said the recent decision by the...