Some people are saying it would ease the liquidity challenges, while others are afraid to go back the hyper-inflation era. Read more »
The naira has appreciated by 4.4 percent against the dollar at the parallel market. Read more »
The central bank has announced that it will introduce bonded notes in an effort to ease the liquidity crisis. Read more »
The Minister of Foreign Affairs Geoffrey Onyeama has clarified that the deal was a way for Nigeria to benefit from the internationalization of the Chinese currency. Read more »
The national road agency has said maintaining the controversial Gauteng road payment system is crucial to "soothe fears expressed by rating agencies" over the state of the ... Read more »
According to a 2014 United Nations Development Programme report, the socio-political and economic situation in the country took a severe knock with the eruption of violence in ... Read more »
President Muhammadu Buhari has said that Nigeria cannot afford to sell forex to parents seeking to fund their children's education abroad. Read more »
The department of energy has announced a price increase of 6c/l for all grades of petrol while the cost of diesel is set to decrease. Read more »
The Central Bank of Nigeria has discontinued the sale of foreign exchange to Bureau De Change operators as part of move to preserve the nation's foreign reserves. Read more »
The country's finance minister has announced the plan to adopt the Chinese yuan as legal tender in return for debt cancellation worth about $40m. Read more »
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