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    CBN injects liquidity as naira continues to surge

    Naira Gains 0.02% To N409.67/$ At Investors & Exporters FX window

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    FIRS

    FG plans tax overhaul to access $750m World Bank loan

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    Nigeria Foreign Capital Inflow Sinks To Lowest In 4 Years

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    Legalization of Marijuana Cultivation, Registration Of Traders Bill Proposed By Nigerian...

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    Russia Offers Admissions To Nigerians Affected In Ukraine

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    The Federal Government expects the naira to weaken further over time even after the local currency showed signs of recovering from a record low on Thursday, Bloomberg reported the Minister of Finance, Budget and National Planning, Zainab Ahmed, as saying yesterday. According to the news agency, the minister said in an interview in Egypt that “it (naira depreciation) will happen with time,” without giving any time line. Ahmed also reportedly ruled out Nigeria taking on an International Monetary Fund (IMF) programme to address the country’s fiscal challenges, which include plummeting revenues and rising debt service costs. The naira gained 0.0367 per cent to N435.84 per dollar on the spot market as of 5:30 p.m. in Lagos on Thursday, after recovering from a record low of N436/$1 to the greenback on Wednesday. However, on the parallel market yesterday, the local currency dropped to N708 per dollar from N707/$1 on Wednesday. Nigeria maintains multiple exchange rates dominated by a tightly controlled official rate and the unauthorized parallel rate at which many Nigerians get dollars, which is roughly 60 per cent weaker. The World Bank and IMF have urged Nigeria to unify its rates.

    Naira Likely To Weaken Further — Finance Minister, Zainab Ahmed

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    Nigeria, Others to benefit from $6.95mn ADFI grant

    Nigeria, Other African Countries To Benefit From $6.95mn ADFI Grant

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    Naira tumbles to new all-time low at parallel market, trades at...

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    Moniepoint

    Moniepoint recruits Stanbic IBTC CFO

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    Fidelity Bank

    Federal Gov’t Fines Fidelity Bank N555.8m For Data Breach

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