The Central Bank of Nigeria has injected $148 million into the forex market to stabilize the naira and support economic sectors, distributing funds to 29 authorized dealers.
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Nigeria, Africa’s largest economy and most populous nation, is facing a severe cost of living crisis as inflation reached a record high of 28.92% in December 2023, the highest …
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The Nigerian currency, the naira, has continued to lose value against the US dollar despite a surge in foreign exchange supply. On Wednesday, the naira closed at N1,035.12 per dollar …
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The Nigerian fintech sector is booming, but so is fraud. When FinTech companies are involved, it’s becoming difficult to resolve cases without involving the Central Bank of Nigeria (CBN). According …