FOREX market
23 Feb
Minister of Information and National Orientation, Mohammed Idris on Friday revealed that $1.8 billion flowed into the forex market after the new reforms by the Nigerian government. Idris said this in a statement, highlighting that President Bola Ahmed Tinubu’s second most far-reaching pronouncement was his promise that the Central Bank of Nigeria (CBN) would work…
20 Feb
In a major move to safeguard Nigeria's Foreign exchange market and curb rising inflation, the Office of the National Security Adviser (ONSA) has aligned with the CBN to crush dollar speculators in the country.
25 Oct 2023
The Chairman of brokerage firm, Parthian Partners Limited, owners of digital investment platform, i-invest, Dotun Sulaiman, has expressed optimism about the potential impact of the Central Bank of Nigeria ...
18 Oct 2023
The world of foreign exchange (Forex) trading has undergone a remarkable transformation in recent years, largely driven by the proliferation of mobile trading applications.
17 Oct 2023
Before the recent policy decision by the present administration to create a single foreign exchange rate window in Nigeria, the forex market in the country could best be described as Chaotic.
Latest
2 hours ago
Despite the exodus of university teachers and attendant shortage of manpower in public universities nationwide, the non-retention policy of the Federal Government has caused over 5,032 first-class graduates to languish in the job market and far away from the tertiary institutions that erstwhile retained them.
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As the whereabouts of former Kogi State governor, Yahaya Bello, remain unknown a week after he was declared wanted by the Economic and Financial Crimes Commission (EFCC) and placed on a watch-list by the Nigeria Immigration Service (NIS)
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Data sourced from the Central Bank of Nigeria (CBN) suggest the economy may be relapsing to cash hoarding again a year after the chronic currency scarcity even as the proportion of currency in circulation that is held outside the banking system has returned to the pre-naira redesign level.
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As Nigeria joins the rest of the world to mark the 2024 World Malaria Day, the progress in national malaria control is being threatened by the continued rising cost of anti-malaria drugs, which have gone beyond the reach of many Nigerians.
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African Development Bank (AfDB) President, Dr Akinwumi Adesina, said that Africa's immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth.
3 hours ago
Ahead of May Day next week, workers are demanding a country that works for all and not just for some privileged few.
3 hours ago
The NPFL has fined Kwara United N6 million for allegedly thwarting the live broadcast of their week 31 game against Akwa United.
3 hours ago
To achieve the global malaria targets 2030, the World Health Organisation (WHO) Global Malaria Programme has launched a new operational strategy that will change the trajectory of malaria trends.
3 hours ago
President Bola Tinubu and President of the Senate, Godswill Akpabio, have promised to give fresh direction to the justice sector in the country through a holistic overhaul.
3 hours ago
Governor Babagana Zulum of Borno State has urged the Army to establish military formations in Sambisa Forest and the Mandara Hills, bordering Cameroon and Chad in the North East, to counter terrorism in the areas.