Category : Search result: foreign exchange reforms


Nigeria's FX inflows fall to $672m despite naira strength

Nigeria's foreign exchange inflows dropped to $672.30 million despite naira strengthening in both official and parallel markets. Foreign portfolio investors remain key dollar suppliers as analysts warn of speculative risks.

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Teacher Dies After Sacking for Inappropriate Behaviour

John Wright, a physics teacher at Marlborough College, took his own life after being dismissed for alleged inappropriate conduct during a Malaysia exchange trip. His family questions the disciplinary process.

Banjo's Book Explores Cultural Diplomacy Power

Discover how Professor Adewale Banjo's groundbreaking book 'How Cultural Diplomacy Works' transforms global relations through cultural exchange. Learn why culture matters in diplomacy today!

Naira falls to 10-day low against US dollar

Naira reverses gains, crashing to N1,443.08 against USD in official market. Third straight day of losses as mid-month demand pressures mount. Read full analysis.

Naira Gains as Pound Sterling Falls Below N2,000 Mark

Nigerian naira strengthens significantly against British pound, dropping below N2,000 in both official and parallel markets. CBN reforms drive currency stability as forex reserves hit $43.34 billion.

Ellah Lakes Secures ₦2.36BN for Agricultural Expansion

Nigerian agribusiness giant Ellah Lakes Plc announces strategic capital raise of ₦2.36 billion to expand operations and drive agricultural transformation across Nigeria. Learn how this funding will impact food security and economic growth.

Steve Daniel Demands Judicial Reforms in Nigeria

Prominent lawyer Steve Daniel calls for urgent reforms in Nigeria's judiciary, emphasizing the critical need for an independent justice system to combat corruption and ensure fair trials for all citizens.

Naira Falls Again: Loses Ground Against US Dollar

The Nigerian naira has reversed its recent gains, depreciating significantly against the US dollar across both official and parallel markets. This latest development raises concerns about currency stability and economic recovery efforts.

Nigeria Stock Crisis: ₦1.3Trn Lost in Day

Nigeria's stock market plunges deeper into turmoil as investors witness massive wealth erosion, raising concerns about market stability and economic recovery prospects.

FG Unveils 50 Tax Reliefs for New Fiscal Reforms

The Nigerian government has introduced 50 major tax exemptions and relief measures to protect citizens and businesses from the immediate effects of new fiscal reforms. Discover how these changes will affect you.

World Bank Confirms Nigeria's $1 Billion Loan Request

The World Bank has confirmed receiving President Tinubu's request for a $1 billion loan to support Nigeria's economic reforms and development projects. Get the full details on how this funding will impact the nation.

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