Naira

In a positive turn for the Nigerian economy, the Naira experienced a significant appreciation against the US dollar in the parallel market, moving to N1,260 per dollar from N1,270. This upward movement was mirrored in the Nigerian…

…Crashes expenditure, counterfeiting The Central Bank of Nigeria spent the sum of N58.618 billion to print 2.518 billion Naira notes, valued at  1. 063 trillion in, 2020. This was contained in the bank’s 2020 Currency Report posted on…

Governors elected under the platform of the Peoples Democratic Party, PDP, have accused the governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, of spending billions of Naira on his 2023 presidential campaign. A statement…

Naira exchange at the official market remained unchanged at the Investors and Exporters (I&E) segment of the forex market. Data obtained from FMDQ securities showed the exchange rate of the Naira to the Dollar after the midweek…

The total debt stock of Nigeria is likely to reach N45 trillion as the Debt Management Office (DMO) plans to borrow an additional N6.39 trillion to finance the 2022 budget deficit. This is according to a DMO document obtained by NAN on…