Analysts expect Tinubu presidency to devalue Naira as CBN hikes lending rates

cites price and exchange rate pressures ABUJA, March 21 - Nigeria's central bank raised its benchmark lending rate by 50 basis points to 18%...

Peter Obi asks court to cancel result of presidential election

No presidential election are reversed before Legal challenge could take several months Nigeria's two big parties maintain political dominance ABUJA, March 21 - Nigeria's opposition Labour...

Economists link plunging Nigeria’s foreign currency reserves to May 29 democratic uncertainties

The plunging fortune of Nigeria’s gross official reserve has been attributed to reduction in foreign exchange inflow into the country as well as high demand for forex by Nigerians for business, travelling, education and medical purposes.

BREAKING NEWS: Ma’am Aisha Binani become Nigeria’s first female governor-elect in Adamawa state

Madam Aisha Binani is reported becomes Nigeria’s first female governor-elect in Adamawa state’s gubernatorial elections.

Billionaire Dangote’s Sugar FY Profit Doubled as Reported FX Losses Plunge

Dangote Sugar Refinery Plc, Nigeria’s biggest producer of the sweetener, said actual foreign exchange losses in 2022 were higher than those reported in terms of international accounting rules using the official naira exchange rate.