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Naira trades at 1,507.83/$ as FX inflows hit $24 billion
On Wednesday, the naira exchanged at N1,507.83 to the dollar in the official foreign exchange (FX) market, owing to enhanced liquidity following the country's...
Naira drops on the official market despite Cardoso’s market optimism
Under growing pressure from the U.S. dollar index, the naira softened by 71 basis points in the official market, indicating improved stability in the...
World Bank pays $45.5 million for the ID4D project in Nigeria despite data security worries
The National Identity Management Commission (NIMC) has received $45.5 million from the World Bank thus far as part of the Digital Identification for Development...
CBN provides IMTOs with naira access to enhance remittances
On Monday, the Central Bank of Nigeria (CBN) announced fresh initiatives aimed at increasing naira liquidity and diaspora remittances.
Eligible International Money Transfer Operators (IMTOs)...
Tinubunomics Intensifies as Beans, Tomato, Garri Prices Surge Over 30% in a Month
The price of basic essential foods, such as potatoes, tomatoes, beans, and garri, increased by more than 30% in May, per the National Bureau...
