November revenue soars to N1.727tr on exchange rate differential
An exchange rate difference revenue of N671.392 billion pushed November 2024 revenue shared by the three tiers of government to […]
Exchange rate news
High exchange rate forces Nigeria’s ToT down by 0.06% in Q2 2024
All commodity terms of trade (ToT) declined by 0.06 per cent points in the second quarter of 2024 (Q2’24), just
High exchange rate pushes price of cooking gas up by 69.15% in one year
NRC records 45.38% growth, N1.69b received from passengersThe foreign exchange volatility in the country has continued to spike the price
‘Freed’ but still bound: why liberalising the exchange rate is a bad option for rescuing and defending the naira.
In recent years, the naira-dollar market in Nigeria has so far been liberalised twice. The first, in June 2016 and
Nigeria considers blocking crypto exchanges to stabilize naira
The Nigerian government may be considering clamping down on cryptocurrency trading platforms to stabilise the naira amid a foreign exchange crisis. Nigeria,
FEC approves N58.47tr 2026 budget, targets lower exchange rate, others
The Federal Executive Council (FEC) on Thursday approved the N58.47 trillion draft 2026 appropriation bill, paving the way for President Bola Tinubu