Tag: Exchange rate

Nigeria may end up spending N2tn on petrol subsidy this year if the current situation persists, the Group Managing Director, Rainoil Limited, Dr Gabriel Ogbechie, has said. Ogbechie said this ...

The naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on Tuesday announced the discontinuity of forex supplies to the Bureau ...

Nigeria received about $8.4bn investment announcements as at 4th March 2021, out of which $5.46bn were pledged by foreign investors. The remaining $2.08bn was promised by domestic investors, statistics obtained ...

The Senate on Wednesday approved the request of the President, Major General Muhammadu (retd.), to borrow N2,343,387,942,848, to part finance the 2021 federal budget size of N13trn. The Senate resolution ...