CBN Places N1Million Limit On eNaira Single Transaction
Merchants are barred from exceeding N1 million a deal on eNaira transactions, the Central Bank guideline on the usage of the digital currency indicates. This...
Dollar To Naira Exchange Rate Today, May 18, 2026
The Nigerian naira traded with slight fluctuations against the United States dollar across the official and parallel foreign exchange markets on Monday, May 18,...
33 Banks Now Bigger, Stronger
The recent recapitalisation exercise led by the Central Bank of Nigeria, CBN, which saw 33 deposit money banks raise an impressive N44.65 trillion, is...
Naira Appreciates To N1,395/$ In Parallel Market
The Naira yesterday appreciated to N1,395 per dollar in the parallel market from N1,405 per dollar last week. However, the naira depreciated to N1,383 per...
Stiffer Sanction Awaits Bankers Who Aid Fraud As Reps Set To Enact New Law
Bank employees who aid financial crimes may be in for stiffer penalties as the House of Representatives on Wednesday passed second reading a bill...
Foreign Inflows Jump 78% On NGX Amid Rising Outflows
The Nigerian Exchange Limited (NGX) recorded a significant shift in foreign investment activity in the first quarter of 2026, Q1’26, as foreign inflows surged...
Constant Collapse Of National Grid Shame, Says Peter Obi
The 2023 Labour Party presidential candidate, Peter Obi, has expressed deep concern over the recent collapse of Nigeria’s national power grid, which has once...
FG, EU Collaborate To Strengthen 1.3bn Euro Trade Deals
The Federal Government and the European Union (EU) have initiated high-level talks aimed at enhancing economic cooperation between the EU and Nigeria. A statement issued...
Our Economic Environment Does Not Support Further Borrowing, Finance Minister Tells Senate
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has disclosed that the country cannot rely on borrowing to fund the...
Pound To Naira Exchange Rate Today, March 6, 2026
The British Pound has maintained a steady but slightly elevated position against the Nigerian Naira as the first full trading week of March 2026...
