Money
Naira appreciates against US dollar after CBN introduces new FX code
The value of the naira improved against the US dollar in the foreign exchange market after the Central Bank of Nigeria introduced new forex policies.
DMO comes clean on how much of Nigeria's debt President Tinubu inherited
Contrary to media reports that claimed President Tinubu inherited N21 trillion in public debt, the Debt Management Office has said those figures are inaccurate.
PwC shares 5 reasons naira exchange rate against US dollar will be stable better in 2025
PricewaterhouseCoopers (PwC) is optimistic about the Nigerian currency, naira's performance in the foreign exchange market in 2025, citing 5 factors
FCMB invites Nigrians to apply for loan to acquire solar energy
FCMB raised the size of its energy finance loan by up to N30 million to help Nigerian homes and small companies buy solar panels and other clean energy equipment.
Again, naira appreciates against US dollar, trades at new exchange rate
The Central Bank of Nigeria has updated naira exchange rates against US dollar and other foreign currencies in the official and unofficial FX markets.
Nigeria's ATM usage declines as Nigerians shift to PoS for cash transactions
A CBN report has shown that in the first half of 2024, Nigerians conducted transactions on POS terminals, far exceeding the value of transactions on ATMs.
CBN lends N8.2trn to banks in first 17 days of 2025 to solve cash scarcity at ATMs
Nigerian banks borrowed N8.2 trillion from the Central Bank of Nigeria (CBN) in the first 17 days of 2025 to deal with a cash scarcity and offer loans to businesses.
South African billionaire solidifies status as Africa's richest man, Dangote gets new position
Aliko Dangote's net worth continues to drop while his rival Johann Rupert amasses more wealth to cement his position as the richest man in Africa
Economists predict N1,300/$ naira to dollar exchange rate in 2025, give reasons
The Nigerian Economic Summit Group (NESG) has predicted a recovery of the naira and GDP, as well as a drop in inflation figures in 2025, listing the driving factors.
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