To stabilize the Nigerian economy and address the distortion in the retail segment of the foreign exchange (forex) market, the …
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Nigerian House of Representatives Proposes Increased Fine for Flag Defacement
For the protection of national symbols, the Nigerian House of Representatives is seeking to raise the penalty for defacing the …
Read More »EFCC Raids BDCs in Kano, Abuja, and Oyo as Dollar Hits N1,900
The Economic and Financial Crime Commission (EFCC) has launched a crackdown on currency exchange operators in Kano, Abuja, and Oyo. …
Read More »N1,605/$ Exchange Rate for Cargo Clearance: A New High in Nigeria’s Economic Landscape
The exchange rate for cargo clearance in Nigeria has reached a new high of N1,605/$. This comes as a surprise …
Read More »CBN Governor Cardoso on the “Second Most Difficult Job on Earth” as Naira Nears N1,700/$ Exchange Rate
The Central Bank of Nigeria (CBN) Governor, Cardoso, opened up about the challenges he faces in his role, describing it …
Read More »Fuel Subsidy Saga Continues as NNPCL and Marketers Clash, Petrol Price Soars to N1,200/litre
The Nigerian National Petroleum Company Limited (NNPCL) and fuel marketers under the Independent Petroleum Marketers Association of Nigeria (IPMAN) have …
Read More »Naira plunges to N1,100/$ in black market amid forex scarcity
The Nigerian naira has continued to lose value against the US dollar in the parallel market, also known as the …
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