Data published by the Central Bank of Nigeria (CBN) showed that the naira recorded a slight depreciation against the United States dollar on Tuesday. The currency traded at about ₦1,373.5 per dollar at the Nigerian Foreign Exchange Market (NFEM) window, compared to ₦1,372 recorded in the previous session. Market analysts attributed the latest fluctuation…
The Nigerian naira recorded a slight appreciation against the United States dollar across both the official and parallel foreign exchange markets on Wednesday, May 13, 2026, amid improving liquidity conditions and sustained market interventions by the Central Bank of Nigeria. Data from the Nigerian Foreign Exchange Market (NFEM) showed that the naira traded around ₦1,373…
The Central Bank of Nigeria (CBN), in collaboration with financial market dealers, has introduced the Nigerian Overnight Financing Rate (NOFR), a standardized benchmark designed to enhance transparency and strengthen monetary policy transmission. This was disclosed in a statement issued on Friday by the apex bank’s spokesperson, Hakama Sidi Ali. According to the CBN, the NOFR…
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 3rd October, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market?…
Today’s HELOC rates are unchanged following the interest rate cut announced by the Federal Reserve on Wednesday. The prime rate is holding firm for now, but when it drops, home equity line of credit interest rates will likely fall as well. Shop a few lenders to find your best rate. Read more: Is now a…
The Police Command in Yobe, says it has recorded 70 per cent crime rate reducation in the third quarter, 2025. The Commissioner of Police, Emmanuel Ado, said on Tuesday in Damaturu, that coordinated patrols, raids on criminal hideouts and enhanced visibility policing across major towns and villages facilitated the drop in crimes. He said the…
A police spokesperson has expressed concern over what she described as the rising number of broken homes, blaming a growing tendency among men to remarry instead of resolving marital disputes. Superintendent Josephine Adeh, the public relations officer of the Federal Capital Territory police command, made the remarks in a post on the social media platform…
Performance rights organization BMI hailed its new agreement with radio broadcasters on Tuesday (August 19), declaring that it included its “largest rate increase ever” for royalties paid on music played on the air in the US. Now, MBW can confirm it is indeed a whopper of a raise. According to documents filed with the US…
Ghana’s central bank has cut its benchmark interest rate by 3 per cent, citing easing inflation and renewed economic optimism as the country continues its recovery from a deep economic crisis. In a statement released on Wednesday, the Bank of Ghana announced a reduction of its policy rate from 28 to 25 per cent, the…
As interest rates begin to soften, fixed income investors are increasingly revisiting the role of bond duration in shaping portfolio returns. In an insightful conversation, Gautam Kaul, Senior Fund Manager – Fixed Income at Bandhan AMC, breaks down how duration plays a critical role in enhancing returns during a falling rate environment. From the mechanics…
