The forecast for major African currencies heading into 2025 presents a mixed picture, with South Africa’s rand anticipated to perform well, while Nigeria’s naira may experience...
Bloomberg | Nigerian lawmakers are proposing a dramatic increase in the central bank’s power to use gold to shore up the nation’s reserves in defense of...
Bloomberg | Nigeria has unveiled redesigned high-denomination banknotes on Wednesday as the central bank confirmed a January deadline to roll out the new bills despite calls...
Nigeria joins the Bahamas and the Eastern Caribbean Central Bank in being among the first jurisdictions in the world to roll out national digital currencies.
Nigerian authorities are facing growing pressure to devalue the Naira as the price of oil, its biggest source of foreign exchange, trades at the lowest level...
The Bank of Nigeria’s Monetary Policy Committee has held the key rate at 13 percent, Governor Godwin Emefiele told reporters on Tuesday in the capital Abuja....
Bank of Nigeria Governor Godwin Emefiele has ruled out a devaluation of the country’s currency – the naira, and has advised businesses not to panic about...
The Nigerian naira slid to a record low on Monday after a 6-week delay to the February 14 presidential election and due to the impact of...
Nigeria’s new central bank governor began work on Tuesday, starting a fresh chapter in Africa’s biggest economy after his predecessor’s tenure ended in scandal and claims...
Aliko Dangote. PHOTO/File (Bloomberg) – Billionaire Aliko Dangote, Africa’s richest man, helped fuel a record surge in syndicated loans by Nigerian borrowers last year with a...
Immediate Past Nigeria Central Bank Governor, Lamido Sanusi. PHOTO/File Nigeria’s President Goodluck Jonathan on Thursday suspended the Central Bank governor in a surprise move that halted...
Nigeria’s central bank announced new rules on Friday requiring currency dealers to put naira in their accounts at the bank two days before bidding in its...
Nigeria’s central bank Governor Lamido Sanusi. PHOTO/File (Bloomberg) – Nigerian central bank Governor Lamido Sanusi will be stepping down in June next year, raising concerns among...
Nigeria President., Goodluck Jonathan. PHOTO/File (Reuters) – Nigerian President Goodluck Jonathan signed the 2012 budget into law on Friday, keeping all the key figures the same...
