Jan 30, 2025 · Destination for Business news, financial literacy, economy, and analysis from Africa's largest economy and Nigeria news.

1 day ago · The Nigerian naira showed significant stability in the first week of February 2025, trading below N1,555/$1 in the parallel market, signaling a strong appreciation against the US dollar, market sources disclose. The naira closed at N1590/$1 on Thursday in the parallel market and N1,502/$1 in the ...

5 days ago · The Nigerian Naira closed January 2025 at N1,475/$1 at the Nigerian Autonomous Foreign Exchange Market (NAFEM), marking its strongest performance since June 2024. The Nigerian currency was officially exchanged for N1,473 to a dollar on June 11, 2024, the strongest until January 31, 2025. This ...

5 days ago · Growth in Nigeria’s non-oil sector is projected at 3.2% year-on-year in 2025, up from 3.0% in 2024. Key drivers include manufacturing, trade, ICT, and financial services, while agriculture is expected to remain subdued due to security challenges and high input costs.

Jan 15, 2025 · A recent report by Bayo Adedipe and Associates suggests the Naira will settle at N1,574/$1 in 2025. For context, the exchange rate closed in 2024 at N1,553/$1, marking only a slight shift. Nairalytics, the research arm of Nairametrics, projects the exchange rate will hover between +5% (appreciation ...

A Federal High Court sitting in Lagos has issued a Mareva Injunction that temporarily restrains the co-founder of Seplat Energy Plc, Dr Ambrose Bryant Chukwuemeka Orjiako, popularly known as ABC Orjiako, and other firms linked to him, from accessing the …

Dec 11, 2024 · The naira depreciated further at the parallel market to close at N1685/$1 at the end of business on Tuesday, December 10, 2024, with the exchange rate falling for the second time since the Central Bank of Nigeria (CBN) migrated to the Enhanced Foreign Exchange Market System (EFEMS) platform.

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Jan 14, 2025 · The year 2025 is shaping up to be a year of hope or hubris for the Naira. Optimists believe that after two years of wild swings, Nigeria’s currency might finally settle into something resembling stability. The reasons are compelling enough: refineries coming online, reduced petrol imports, and an ...

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