Tony Chukwunyem

Citing what it described as the recent “loss of momentum “in foreign inflows as well as inflows from local sources, Africa's biggest lender, Standard Bank, has forecast a N1219.32 per dollar exchange rate by the 24th of December.

The naira has reversed recent gains and is now the world's worst performing currency in the last month, increasing pressure on the central bank to keep raising interest rates, Bloomberg reported Friday.

As Nigerians continue to fret over the naira’s renewed weakness, Financial Derivatives Company (FDC) has said that while the $10 billion diaspora fund, being

Total direct remittances to the country fell by $18.98 million or 6.29 per cent to $282.62 million in the first three months of the year compared

Transactions through electronic payment (e-payment) channels in the country fell by 9.31 per cent to N79.85 trillion in April 2024 from N88.04

The World Bank has predicted that Nigeria and other countries in African are still under intense and high risks over debt distress.

The Central Bank of Nigeria (CBN) has withdrawn the circular it sent to the commercial, merchant, and non-interest financial institutions, Payment

Total Letters of Credit (LCs) payments in the first three months of the year amounted to $204.47 million, latest data released by the Central Bank of Nigeria (CBN) shows.

Dangote Cement has been honoured with the top prize at the inaugural Corporate Reporting Award, jointly organised by the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Limited.

With the latest inflation report, released by the National Bureau of Statistics (NBS) last Wednesday, showing that inflation maintained its upward trend to hit