The Presidency on Tuesday said the concerted efforts of the Yemi Cardoso-led Central Bank of Nigeria aimed at stabilising the naira aligns with President Bola Tinubu’s “multi-faceted approach to ridding the nation’s foreign exchange...

The Central Bank of Nigeria on Monday stepped up its fight to boost foreign exchange liquidity in the economy with a new circular mandating Deposit Money Banks to stop the use of foreign currencies...

Economic experts are hopeful that the current high costs of goods and food will begin to drop by the end of the first half of this year. But that is on the condition that...

Social commentator Reno Omokri has warned dollar holders to convert the currency back to the naira. He argued that the naira is bound to increase in value even more when the Dangote Refinery kickstarts...

The Association of Bureaux de Change Operators of Nigeria has said that the recovery of the naira has led to a relative decrease in the prices of goods and services in the country. The...

Plans are underway to position Nigeria as a major player in the vehicle manufacturing industry, according to the Minister of Industry, Trade and Investment, Doris Uzoka-Anite. The minister stated this on Friday while launching...

The Central Bank of Nigeria has said that it recorded an inflow of over $1.5bn into the economy over the past few days, indicating that its monetary policy efforts are working positively. The bank’s...

Nigeria’s solid mineral sector is set to undergo a significant transformation as the government plans to grant mining licenses to local companies only. This move marks a departure from the country’s long-standing practice of...

Against the backdrop of a sustained appreciation of Naira against the Dollar, the Federal Government, FG, seems to have gained control of developments in the foreign exchange market. The local currency, yesterday, appreciated to...

In its efforts to revive the country’s economy, two committees for ensuring comprehensive coordination and implementation of the Federal Government’s plan were yesterday set up by President Bola Ahmed Tinubu. They are the Presidential...