This move is expected to provide more stability and transparency to exchange rate fluctuations...
This was disclosed at a multi-stakeholders roundtable on the approval of the agency’s 2022 industry report.
The naira has hit a significant decline since the Tinubu administration ended petrol subsidy and unified all segments of foreign exchange market.
The meeting was held to discuss ways in curbing the steady rise of exchange rates as the dollar and naira in the country.
A presidency official revealed that the “realistic” amount of petrol consumed in the country is now...
The July 2023 rate showed an increase of 1.29% points when compared to the previous month’s which was 22.79%
...fresh plans to raise the price of petrol from the current N617 per litre to between N720 and N750 per litre.
The acting CBN governor shared his belief that the changes in the market are driven mostly by speculative demand...
According to the NBS, on a year-on-year basis, bus fares rose by 120.63 per cent from N582.61 paid by commuters in June 2022.
CBN did not provide details on the number of staff members who were beneficiaries of the loan.