The Naira experiences a recovery as banks unload surplus dollars
Before the Central Bank of Nigeria's midnight deadline on February 1, 2024, instructing commercial banks to divest their excess foreign exchange reserves, Deposit Money...
Airfares to the UK, US, and other destinations experience a significant surge of 55%
The decline of the naira against the United States dollar by 55% in the official foreign exchange market has resulted in a proportional decrease...
$900bn in dormant capital is immobilized within the real estate sector, according to PwC’s assessment
PricewaterhouseCoopers Nigeria estimates that Nigeria holds approximately $900 billion in dead capital, locked in residential real estate and agricultural land, as revealed in their...
FG commends Dangote for his efforts in driving economic diversification
The Federal Government has expressed gratitude to the Dangote Group for its contribution to diversifying the country's economy and commitment to best practices in...
CBN instructs banks to divest surplus dollars within a 24-hour timeframe
In an effort to stabilize the nation's exchange rate, the Central Bank of Nigeria has directed Deposit Money Banks to sell their surplus dollar...
