Nigeria’s government initiative to sell crude oil priced in naira to local refineries has been hindered by supply shortages, impacting operations at the Dangote Refinery.
Nigeria’s Dangote refinery faces crude supply shortfall Read More »
The move is expected to reduce the country’s reliance on foreign currency for oil imports and stabilize fuel prices.
Nigeria approves naira crude sales to Dangote refinery Read More »
Nigeria’s central bank raised its benchmark interest rate for the fourth time this year to combat soaring inflation and a weakening naira.
Nigeria’s Central Bank tackles soaring inflation with rate hike Read More »
Godwin Emefiele, former head of Nigeria’s central bank, is on trial for allegedly printing money illegally and misusing government funds.
Ex-CBN boss faces charges for naira printing, funds Read More »
To address dollar shortages, Nigeria’s central bank is selling dollars to exchange bureaus at a more favorable rate.
Nigeria steps up efforts to ease dollar shortage via bureaus Read More »
Facing a crypto crackdown in Nigeria, Binance executives remain in detention despite a court appearance.
Nigeria detains Binance officials over crypto crackdown Read More »
Earlier this year, the Central Bank of Nigeria (CBN) implemented a series of foreign exchange policy adjustments that resulted in a significant depreciation of the naira’s value.
Nigeria’s external debt surges amidst naira depreciation Read More »
Nigeria’s naira gains sharply on black market
Nigerian naira surges significantly on black market Read More »
