CBN Raises Exchange Rate for Cargo Clearance Amid Naira Depreciation
The Central Bank of Nigeria (CBN) has increased the exchange rate for cargo clearance at the nation’s seaports and airports ...
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Tag: EXCHANGE RATE
Niger State Governor Imposes Ban on Bulk Sale of Food Items Amid Rising Prices
In response to the growing scarcity and food deprivation within Niger State, Governor Mohammed Umar Bago has taken decisive action ...
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World Bank Raises Concerns Over Lack of Transparency in Nigeria’s Oil Revenue Reporting
A recently released Nigerian Development Update by the World Bank has raised questions about the transparency of the President Bola ...
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Naira Experiences Sharp Decline Against Dollar at Official Market
The Nigerian currency, the naira, experienced a notable depreciation against the dollar at the official market, reaching N1,105/$1 at the ...
Read moreNaira Weakens Despite CBN’s Efforts, Closes at N996.75/$ on I&E Forex Window
On Thursday, November 9, the Nigerian Naira closed trading on the Investor & Exporter (I&E) forex window at N996.75/$, reflecting ...
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Oil Marketers Allege Government’s False Claims of Fuel Subsidy Removal
Oil marketers in Nigeria have challenged the federal government's stance on the purported removal of oil subsidies, casting doubts on ...
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Historic Fall of Nigerian Naira Sparks Social Media Outcry
Nigerians have taken to social media to express their outrage and concerns following the historic depreciation of the country's currency, ...
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Marketers Anticipate Petrol Price at N900 per Liter Amidst Black Market Exchange Rate Soaring to 990/1k
In a recent statement, petroleum dealers have suggested that the pump price of petrol should be adjusted to fall within ...
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