Money

The naira strengthened in the parallel market to ₦1,530/$, narrowing the gap with the official window and offering a brief respite for import-dependent businesses watching foreign exchange costs. Traders quoted the dollar at ₦1,530 on the street, an improvement from ₦1,535 late last week. At the official window, the naira…

Most people assume every country has its own national currency, but that’s not always true. Some nations have chosen to abandon their local money and adopt a stronger, more stable one instead. This decision is usually linked to financial crises, trade convenience, or political history. Instead of printing their own notes,…

The Nigerian Naira appreciated to N1,550 per dollar in the parallel market on Monday, improving from N1,560 per dollar recorded over the weekend. This marks a slight recovery for the Naira in the informal sector of the currency market. However, in the Nigerian Foreign Exchange Market (NFEM), the Naira experienced…

Once upon a time, starting a business meant renting a shop, hiring staff, and spending a fortune before earning your first naira. Today, all you need is an internet connection, a device, and the skills you already have to make money. The rising expenses and stagnant salaries, side hustles have…

For years, Nigerian banks have been a dependable source of steady dividend income. Backed by solid profits, wide customer bases, and a regulatory environment that until now favoured stability, these institutions consistently rewarded shareholders. But the Central Bank of Nigeria (CBN) has now changed the rules of the game. Its…