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FOREX: CBN Injects $250m As Naira Stables

THE Central Bank of Nigeria (CBN), on Monday, injected $250 million into the foreign exchange market. Meanwhile, the naira remained stable against the dollar in...

How Forex Crisis Threatens FG’s N2tn Road Projects

NOT fewer than 226 ongoing Federal Government road projects across the country are likely to suffer a major setback as the huge contract sum of...

Naira Will Stabilise At N250/$, Says CBN In A Letter To...

NIGERIA’s central bank is “reasonably optimistic” the naira will settle at around 250 to the U.S. dollar after an initial period of weakness following...

Naira Appreciates From N370 To N352 Against US Dollar

THE Naira, on Friday, appreciated against the dollar at the parallel market, trading at N352, from N370 traded on Wednesday. According to The News Agency of...

Fuel Hike Is Consequence Of Depletion Of Foreign Reserve —Osinbajo

NIGERIAN Vice-President, Yemi Osinbajo, says the fuel hike from N86.5 per litre to N145 can be traced to the scarcity of dollars occasioned by...

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