Naira Depreciates as Dollar Demand Outpaces CBN Supply
The Nigerian naira weakened further at the official forex market, trading at ₦1,457.84 per dollar. Analysts cite weak inflows and high demand, but remain hopeful due to strong external reserves.
The Nigerian naira weakened further at the official forex market, trading at ₦1,457.84 per dollar. Analysts cite weak inflows and high demand, but remain hopeful due to strong external reserves.
Trump Media announces a $6 billion merger with TAE Technologies, pivoting to fusion energy to power AI. Share price surges 25%. Full details inside.
Gunmen demand N200 million for the release of retired customs officer Emmanuel Owolabi, abducted in Osun. Community leaders and security forces are combing the bush. #Kidnapping #OsunSecurity
The Nigerian naira shows resilience against heightened US dollar demand during the festive 'Detty December' season. CBN's external reserves rise to $45.44 billion, providing crucial support. Experts analyze market dynamics and future outlook.
The Nigerian naira weakened against the US dollar, closing at N1,454/$1 as festive season demand spikes. CBN data shows a weekly decline, though rising reserves offer hope. Full analysis inside.
Former Madagali councilor Shamalsinmi Umaru was shot dead at home. His two sons were abducted, with kidnappers demanding a N7m ransom. The family pleads for help as the deadline looms.
Armed bandits strike in Kwara, kidnapping a father, his son, and a widowed mother of four. One victim escapes, while a N100 million ransom is demanded. Read the latest on the security crisis.
Nigerians are scrambling for physical cash ahead of Christmas, driven by fears of ATM downtimes. The CBN tightens oversight as over N4.4 trillion remains outside banks. Read the full analysis.
RICS commits to strengthening Nigeria's built environment standards while warning of slowing global demand for sustainable buildings. MEA region shows continued growth in green construction.
A Nigerian family pleads for help after kidnappers abducted their relative along Obajana Road in Kogi State. The widow's son was traveling in an 18-seater bus when gunmen struck. Support needed urgently.
A Nigerian man shares heartbreaking update about his mother kidnapped in Kogi. Kidnappers demand N60 million ransom while victim suffers in captivity. Read full story.
Naira depreciates across all market segments as year-end FX demand intensifies. Expert analysis reveals why the pressure may continue through December despite rising external reserves.
A Nigerian doctor cries for help after kidnappers released a video of his pregnant sister and husband in captivity in Edo State. The family demands N50 million ransom for their release.
A pregnant couple kidnapped in Edo state begs for help as captors demand N50 million ransom and threaten assault. Family raised only N7 million. Government intervention urgently needed.
Nigerian doctor cries out as kidnappers abduct pregnant sister and husband in Edo State, demanding N50 million ransom. Family pleads for help amid security crisis.
Family reveals Anglican priest Venerate Edwin Achi was killed days before kidnappers posted photos. His wife Sarah, a customs officer, remains captive with N600m ransom demand.
Venerable Edwin Achi, kidnapped with wife and daughter in Kaduna, has died after one month in captivity. Bandits demanded N600 million ransom. Read full details.
Family confirms death of Kaduna Anglican priest Venerate Edwin Achi after kidnappers posted his photo on Facebook. The couple was abducted in October with N600 million ransom demanded.
Terrorists have murdered Ven. Edwin Achi, an Anglican priest abducted in Kaduna. His wife and daughter remain captive as church cancels events. Read the full story.
A Nigerian pastor goes viral after confronting bandits who demanded 5 new motorcycles worth ₦2M each for church member's release. Read his bold response that sparked nationwide reactions.
Nigerian troops arrest notorious kidnap suspect Umar Mus Geyi in Wukari, Taraba State. Suspect linked to multiple abductions, including Alhaji Jano's kidnapping. Military intensifies search for victims.
Family member confirms relative kidnapped during Eruku church attack has been released without ransom payment. Get the latest updates on the Kwara State incident.
A heartbroken mother claims she discovered her deceased son's body displayed in Las Vegas museum. Kim Erick demands DNA tests after recognizing distinctive features on preserved corpse.
A Nigerian lady shares heartbreaking conversation with bandits who kidnapped her father after attending her school convocation. The emotional recording reveals his desperate situation in the bush.
The Central Bank of Nigeria has intervened with $50 million forex injection to stabilize the naira as currency volatility continues. Learn how this affects Nigeria's economy.
Bandits contact families of abducted Eruku church worshippers, demanding N100 million ransom per person. Security agencies deny knowledge of demands while conducting rescue operations.
Shoppers face higher prices for phones and laptops as AI data centers consume memory chips. Experts warn of significant price increases through 2026. Learn how this affects Nigerian consumers.
Prominent Niger lawyer Barrister Isyaku Danjuma remains captive for over 45 days as family desperately tries to raise N80 million ransom demanded by bandits. Read full details.
Ecuadoran voters overwhelmingly rejected allowing US military bases back into the country, dealing a major political blow to President Daniel Noboa. About 60% voted against lifting the 2008 ban on foreign bases.
Central Bank intervenes with $50 million FX sale to Access, Zenith, UBA amid naira volatility. Naira falls to N1,472/$ in parallel market despite reserves growth. Read latest analysis.