The naira has further weakened against the dollar in the official foreign exchange arena for the second successive time this week. Data from the Central Bank of Nigeria revealed that the nation’s currency, the naira, settled at N1,537.09 against the dollar on Tuesday, rising from N1,535.92 registered on Monday. This indicates that the naira has…
Nonye Ayeni, the Executive Director and Chief Executive Officer of the Nigeria Export Promotion Council (NEPC), revealed that the non-oil commodities shipped out during the initial half of 2025 were valued at $3.225 billion, reflecting a remarkable increase of 19.59 percent compared to the $2.696 billion noted for the corresponding half of 2024. Ayeni elaborated…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has underlined the crucial importance of collaboration between the bank and the Nigeria Deposit Insurance Corporation (NDIC) to alleviate risks in the financial domain and bolster depositor trust. Cardoso expressed that the CBN is counting on NDIC’s support to proactively address potential disturbances…
The Naira’s Struggle Against the Dollar: What It Means for Nigeria’s Economy It’s no surprise that this week has seen the Naira stumble once again against the ever-powerful dollar in the official foreign exchange market. On Wednesday, we watched as the Naira slipped to a troubling N1,534.44 for every dollar, marking a notable drop…
Olugbenga “GB” Agboola, the Founder and CEO of Flutterwave, stated that the achievement of effective and interoperable cross-border payments is vital for unlocking new opportunities for economic advancement in Africa. This assertion was made during an interview conducted by Kristen Scholer of the New York Stock Exchange at the recent Money20/20 Europe, which brings together…
The Centre for the Promotion of Private Enterprise has expressed that Nigeria’s recently revised Gross Domestic Product (GDP) signifies a pivotal landmark in the nation’s economic stewardship. Muda Yusuf, the Chief Executive Officer of CPPE, shared this insight in a statement issued on Sunday. This announcement follows the National Bureau of Statistics’ report from last…
