Tuesday, 26th September 2023
<To guardian.ng


29 Aug
The promise by the Federal Government on August 15 to put a seal on further rise in price of Premium Motor Spirit (PMS), otherwise known as petrol, despite a subsisting deregulation policy is curious.
24 Aug
Barely a week after it started recording some gains, naira appears to have resumed free fall, touching N900/$ at the parallel market. The local currency recorded some gains after President Bola Tinubu met with the Central Bank of Nigeria ...
18 Aug
Naira inched close to a 15 per cent gain against dollar in the parallel market within a week, trading around N820/$ in Lagos and Abuja yesterday evening.
8 Aug
Naira could be facing a fresh crisis as official and black market arbitrage, which narrowed to near zero a week after the foreign exchange (FX) rates convergence, has widened in one week.
21 Jul
Investment bankers are optimistic naira would rally to between N550 and N600 to a dollar later in the year as the reform in the foreign exchange market crystalises and foreign capital flows into the economy.
30 Jun
Lack of access to foreign exchange and continued depreciation of naira, among others have triggered high costs of operations for insurance operators last year.
24 Jun
The Naira on Friday closed on a negative note as it exchanged for N770.17 against the dollar at the investors and exporters window.
21 Jun
Exactly a week after the Central Bank of Nigeria (CBN) pulled the plug on the foreign exchange (FX) market to allow gradual rates harmonisation around the Investors’ and Exporters’ (I&E) window, naira is trading higher at the black market for the first time since 2015.
18 Jun
The Central Bank of Nigeria's ("CBN") announcement of "operational adjustments to the foreign exchange market" last week is, in my opinion, the single most important domestic economic decision Nigeria has made in recent years — one that will have a significant and advantageous impact on the Nigerian market and, as Africa's largest economy, the region…
15 Jun
The Central Bank of Nigeria (CBN) may have embraced the painful, but realistic path to foreign exchange rate convergence, adopting a clean float at the interbank market.
2 Jun
The Central Bank of Nigeria (CBN) says it has not devalued the naira, even as it pledged its commitment to gradual rate convergence. The Deputy Governor in charge of Economic Policy, Dr. Kingsley Obiora....
25 May
Four days before the inauguration of a new administration, naira seems to have lost its long-standing N750/$ resistance as it dipped to N760/$ yesterday.


1 hour ago
Lagos State Governor, Babajide Sanwo-Olu, yesterday, said his administration would continue to support the judiciary arm of the government and ensure that justice is served even in most trying times.
1 hour ago
United States (US) Consulate General in Nigeria has said it has been monitoring activities in Bayelsa State ahead of the November 11 governorship election, expecting that it will be peaceful and credible.
1 hour ago
I do not subscribe to arguments or sentiment. I think it is done out of a lack of knowledge of the running of the research institutions. Research institutions are government institutions.
1 hour ago
Nigeria’s 63rd Independence anniversary will be low-key, the Federal Government disclosed, yesterday. Secretary to the Government of the Federation (SGF), George Akume, told journalists at a press briefing in Abuja, that President Bola Tinubu...
1 hour ago
Federal Government will be introducing mobile courts as part of efforts to address cases of Sexual and Gender-Based Violence (SGBV), among others. At a briefing in Abuja, yesterday, Minister of Women Affairs, Uju Kennedy-Ohaneye,...