A popular and influential APC senator, who lost his return ticket to a powerful governor, has announced a new party where he will be contesting in 2027.
The federal government declared Tuesday as public holiday for Eid ul Mawlid, with banks closing while digital services remain accessible nationwide.
To stop the continuous manipulation of the foreign exchange market, the FG is thinking about shutting the websites of Binance and other cryptocurrency companies.
Former legislator Senator Shehu Sani has called on both Christians and Muslims to offer prayers for the Nigerian naira as it struggles against the US dollar.
The administration of President Bola Ahmed Tinubu has announced plans to find solution for the naira in the forex market with extra forex supply.
CBN data showed that the money in circulation outside of banks decreased slightly to N3.28 trillion, or 89% of the total amount of money in circulation in January.
Nigerian currency recorded a mixed performance against the US dollar, British Pound Sterling and the Euro in the official and unofficial foreign exchange market.
The EFCC raided the popular Bureau de Change (BDC) market in Zone 4, Abuja, again accusing the operators of enabling currency speculators in the country
The Nigerian exchange rate has worsened on Monday, February 19, falling to its lowest against the dollar and British pound compared to its Fridays's closing price
The Central Bank of Nigeria (CBN) governor Olayemi Cardoso has called his job the "second most difficult on earth" amid naira's climb to N1,700 against the dollar.
The wealthiest citizens of Nigeria are adversely affected by the recent depreciation of the naira but billionaire Femi Otedola stands out as one notable exception.
Money
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