The steep devaluation of the naira is taking a heavy toll on cocoa processors and chocolate makers who now have to pay more to access their most important input. Cocoa prices are quoted in dollars and ...

The naira experienced marginal depreciation in the foreign exchange market on Wednesday, November 27, 2024, trading at N1,660 ...

A meeting convened by the board of directors will ask shareholders next month to, among other options, assent to a plan by ...

The National Hydroelectric Power Producing Development Commission has distributed start-up kits worth millions of naira to ...

By Elizabeth Adegbesan The Naira yesterday appreciated to N1,740 per dollar in the parallel market from N1,745 per dollar on ...

The naira, on Thursday, maintained gain across foreign exchange (FX) markets following increased liquidity.

Nigeria's inflation rate rose again from September to October 2024, reaching 33.88%. Between January and October 2024, the Nigerian naira lost 82% of its value, according to data analysis firm ...

Despite the CBN's intervention to maintain the currency, the naira is predicted to continue its volatility and conclude the ...

Following the CBN's interest rate hike, the Nigerian naira was strong in the official currency market but lukewarm in the illicit market. According to FMDQ data, the local currency appreciated from N1 ...

11 shops have been burnt by fire and properties valued at millions of naira were lost in the fire that broke out as a result ...

The Nigerian currency, the naira, staged a dramatic comeback in the official foreign exchange mart after depreciating for ...

The EFCC has amended its $35.4 million money laundering case against Binance, accusing of unauthorized financial activities.