BUSINESS
Nigeria Spends $2.34bn On Food Imports In 2025, Down 7.4%
•Food import share shrinks as total imports jump 28% By Babajide Komolafe Nigeria’s spending on food imports declined by 7.4 per cent, year-on-year to $2.34 billion in...
Dollar To Naira Exchange Rate Today, June 2, 2026
The Nigerian naira traded within a relatively stable range against the United States dollar on Tuesday, June 2, 2026, across both the official Nigerian...
CBN Targets N2.83tn Cash In Financial Channels Ahead Of 2027 General Election
The Central Bank of Nigeria has unveiled an ambitious plan to bring about N2.83tn currently held outside the banking system into formal financial channels...
Dollar To Naira Exchange Rate Today, June 1, 2026
The Nigerian naira traded within a relatively stable range against the United States dollar across the official Nigerian Foreign Exchange Market (NFEM) and the...
Stewardship, Not Seizure: What The Union Bank Case Is Really About
There is a particular genre of financial commentary that mistakes legal process for a factual verdict. A court delivers a first-instance ruling, procedural questions...
FG Terminates $717 Million World Bank Power Loan Amid Blackouts
The federal government has cancelled $717.7 million in undisbursed World Bank financing for Nigeria’s troubled electricity sector, effectively terminating the remaining portion of a...
Dollar To Naira Exchange Rate Today, May 25, 2026
The Nigerian naira traded within a relatively stable range against the United States dollar on Monday, May 25, 2026, across both the official Nigerian...
Naira Depreciates To N1,387/$ In Parallel Market
The Naira yesterday depreciated to N1,387 per dollar in the parallel market from N1,380 per dollar on Wednesday. Similarly, the naira depreciated to N1,372.75 per...
CBN To Maintain Monetary Policy Rate At 26.5%
The Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) decided to keep the Monetary Policy Rate (MPR) at 26.5% after its 305th meeting. The decision...
Naira Rises To N1,385/$ In Parallel Market
The Naira yesterday appreciated to N1,385 per dollar in the parallel market from N1,395 per dollar on Monday. But the local currency depreciated to N1,373.65...
