Pascal Oparada
6391 articles published since 29 Nov 2021
6391 articles published since 29 Nov 2021
A recent report by Forbes Currency Converter has shown the top 10 strongest African currencies as of March 2025. However, the naira did not make the list.
A petrol price crash is imminent following the crash in crude oil prices to $65 per barrel from $73.73, the lowest since 2021, caused by global market shocks.
The naira fell to a five-month low on Friday, April 4, 2025, trading at N1,600 per dollar in the official window, leading to CBN's intervention in the FX market
The Nigerian National Petroleum Company Limited (NNPC) has increased its petrol prices to N925 per litre in Lagos and N950 in the North after several delays.
A US top investment banker, JP Morgan, has predicted that the Nigerian currency will exchange for N1,450 per dollar due to changes in NNPC and CBN's FX reserve.
The Nigerian government is seeking a new World Bank facility of $10.50 million for the Central Bank of Nigeria (CBN) to help boost the payment and remittance system.
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has accused domestic refineries of importing substandard crude into Nigeria.
The Nigerian naira depreciated sharply in the official foreign exchange market, trading at N1,569 per dollar from N1,534, the biggest fall in 30 days.
Sterling Bank has removed transfer charges on online transfer transactions, a clear message to other big players in the industry, according to experts.
Pascal Oparada
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