Economy
Nigeria reaches final steps to draw $1.3bn form partners for Development Bank
Nigeria has reached final steps agreements on the release of $1.3 billion from the World Bank Group and other development...
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FX scarcity, low business push berth occupancy rate down to 25% as ship traffic remains low
The persistent scarcity of foreign exchange, which restricted importers’ purchasing power together with the economic downturn, has continued to take...
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Naira maintains gain as Travelex dollar sales to BDCs rise to $15,000
The nation’s currency, the naira yesterday maintains gain over the US dollar across market segments of foreign exchange market following...
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IMF cautions on rising debt, says Nigeria’s macroeconomic instability detrimental to region
Nigeria which intends to significantly expand spending to stimulate economy has been advised by the International Monetary Fund (IMF) to...
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Nigeria plans to raise 105 bln naira with local bond issue next week – reuters
Nigeria plans to raise 105 billion naira ($345 million) in local-currency denominated bonds at an auction on Oct. 12, the...
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Naira strengthens as BDCs resume dollar sales
By: HOPE MOSES-ASHIKE The nation’s currency is beginning to strengthen against the US dollar as it closed to a record high...
Read moreDetailsRecession: EU advises Nigeria to devalue naira
Naira European Union (EU) official, Fillippo Amato, has advised the Federal Government to devalue the naira as part of measures...
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FX market confidence losing traction on fading liquidity, credible price formation
The record progress achieved in Nigerian FX market has seemingly taken a negative turn. Already, the remarkable achievement seen in the...
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