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How Nigeria’s tech startups are attracting global investors in 2025
10 May 2025 11:30 GMT
… under ₦100,000 in Nigeria. Find stylish, high- … investors are rushing to Nigeria with chequebooks ready. The … regulatory hurdles, & currency depreciation that complicates fundraising! … forex hedging strategies that protect their businesses from the naira…
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AY, Iyabo Ojo School Nigerians On Naira Abuse Following EFCC Crackdown
10 May 2025 08:21 GMT
… that mutilating or abusing the Naira, whether by spraying, tearing … and care for our national currency,” he stated.
Actress … and friends, were spraying Naira and foreign currencies.
“The … advise against spraying any currency in Nigeria to avoid issues with …
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Afreximbank Report: USAID Suspension Deepens Nigeria’s Fiscal Challenge
10 May 2025 04:04 GMT
… USAID assistance further compounds Nigeria’s fiscal challenges, … the report pointed to Nigeria’s currency management strategy, which … Bank of Nigeria (CBN). The naira recently benefited … investment patterns. Addressing currency volatility remains a priority …
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Boosting Nigeria’s non-oil sector
10 May 2025 01:01 GMT
… across many economies, including Nigeria.
With volatility in the … enhance the value of the naira.
Undoubtedly, the non-oil … (MRC) necessary to enhance Nigeria’s abundant mineral resources.
Beyond … terms of revenues and veritable forex receipts. This requires a …
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Nigeria's Senate passes tax reform bills to boost government revenue
09 May 2025 15:11 GMT
… subsidies and twice devaluing the naira currency in his first year in … 's fiscal framework.
Nigeria has one of the world … passage triggered an amendment to Nigeria's oil law. … collection, to the newly proposed Nigeria Revenue Service", he said …
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From 6 Kobo to ₦1,609: How Naira to Dollar exchange rate fell from grace to grass
09 May 2025 12:36 GMT
The Nigerian Naira (₦), once nearly at … Nigeria's reliance on oil exports supported the local currency … Jonathan’s presidency, the Naira experienced increased volatility due to … structural reforms beyond currency adjustments, the Naira’s future may …
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Naira Slips As CBN Eases FX Intervention Amid Liquidity Shortfall
09 May 2025 10:04 GMT
… FX market.
After months of heavy intervention aimed at stabilizing the naira … volatility and keeping the naira within the central bank’s … stability, the naira still dipped by six naira on the day … .
According to CBN data, Nigeria’s gross external reserves have …
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Gospel Singer Mercy Chinwo’s Ex-Manager EeZeeTee Granted ₦20m Bail Over Alleged $397,106 Forex Fraud
09 May 2025 10:49 GMT
… from the Central Bank of Nigeria (CBN), negotiated a foreign … Laws of the Federation of Nigeria, 2004, and is punishable … foreign exchange currency appointed by the Central Bank of Nigeria under Section … transaction to wit: the naira equivalent of the sum of …
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Naira continues depreciation against dollar across official, black FX markets
09 May 2025 06:16 GMT
… of Nigeria exchange rate data on Thursday showed that the Naira … .
This means that the naira dropped by N1.04 on … basis at the official FX market.
Similarly, the naira depreciated to N1630 … reports on Wednesday that the naira recorded its highest depreciation …
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ACCI raises concerns over China-Nigeria currency swap deal
09 May 2025 04:49 GMT
… expansion of the Nigeria–China currency swap agreement.
Chief … partners, especially around currency exchange and international payments … president described the Nigeria–China currency swap agreement … banks in Yuan–Naira transactions, digitising interbank …