Economy

Traders increased bets that Nigeria will allow the naira to weaken after the central bank eased some capital controls and...

The naira firmed 1.1 percent to 510 on the black market on Wednesday, bureau de change (BDC) traders said, after the...

Assets held by Nigeria's sovereign wealth fund almost doubled to 413.63 billion naira ($1.36 billion) by the end of the...

Nigeria's distributable government revenues rose in January by 16 percent to 465.19 billion naira ($1.5 billion) as it brought in...

Currency hoarders and speculators reacted to tacit devaluation of the naira which was followed by release of $500 million into...

Nigeria plans to sell 310.22 billion naira ($984.83 million) of short-dated treasury bills at an auction on March 1, the...

Nigeria sees no need to apply for an International Monetary Fund programme as it is pursuing its own economic reform...

CBN will sell $500 million on a 60-day forward contract to help boost dollar liquidity on the interbank market, traders...

Nigeria effectively devalued the naira for private individuals on Monday, paving the way for a possible broader move despite stiff...

 The Central Bank of Nigeria (CBN) is moving quickly to revive the moribund interbank foreign exchange (FX) market as well...