Nigeria’s interbank rate rises as banks pay for dollar purchases
24 April 2017 | 10:48 am
Nigeria's overnight lending rates rose 20 percentage points last Friday after the Central Bank of Nigeria sold dollar forwards to offset a backlog of forex obligations from the money market.
29 Oct 2021
The World Food Programme says it urgently needs funds or it may have to cut food rations to more than 500,000 people in Nigeria's conflict-ravaged north-east.
28 Oct 2021
Nigerian's in UAE are facing harsher times as restriction on work permits bites harder. Some of them spoke exclusively to The Guardian about what led to the current situation.
5 Nov 2021
91 illegal migrants from Nigeria are being repatriated back to their home country, in what security officials say is a voluntary return from Libya's International Misrata Airport to the Nigerian capital Niamey.
5 Nov 2021
Nigeria has secured a new set of military gear and they are massive. The Nigerian Army recently unveiled 60 new VP1 Type Tracked Armoured Personnel Carriers to expand it armory.
11 Nov 2021
Golf is a club-and-ball game in which players use various clubs to hit balls into a series of holes on a course. The sport dates as far back as the 15th century and it is one of the most popular outdoor games around the world. Even though the game is not really popular in mainstream Nigeria, it has often been regarded as a male and elite sport, but this set of women are changing the narrative, to them, golf is more than just a game. Some female golfers took out time to share their experiences playing a sport that is mostly dominated by men.
15 Nov 2021
Nigeria’s Foreign Minister Geoffrey Onyeama told FRANCE 24 that recent coups in West Africa are undermining democracy and that events have reached a crucial juncture for the Economic Community of West African States (ECOWAS) regional bloc. “Clearly it is a threat, it is an unfortunate precedent,” he said.
18 Nov 2021
A fact-checking media in Mali has identified false claims of child harvesting in Nigeria – so-called "baby factories". The claim that the images in question are recent is bogus, but a real phenomenon of child harvesting does exist in Nigeria. Also, a Canadian media dramatically claimed that the wife of Pfizer's CEO died due to the Covid-19 vaccine. In fact, she is alive and well.
26 Nov 2021
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the benchmark interest rate (MPR) at 11.5%, whilst keeping all other monetary parameters constant.
27 Nov 2021
Nigeria has the second largest film output in the world, but many filmmakers struggle with low budgets and barely make a profit. But streaming platforms are giving a boost to African films.
In October, the Central Bank of Nigeria launched the hugely-anticipated eNaira, joining the small league of countries to own their digital currency. But it hasn’t been smooth sailing for the currency that, according to the CBN, offers more possibilities. What do you think about the eNaira? How would you describe your experience with the eNaira app?
Oil giant Shell will pay a Nigerian community $111m (£80m) over an oil spill more than 50 years ago. A spokesman said the payment would mark the "full and final settlement" to the Ejama-Ebubu community over a spill during the 1967-70 Biafran War. The company has maintained that the damage was caused by third parties.
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Turkey is forcing Finland and Sweden to keep knocking on NATO's door a bit longer despite other allies’ eagerness to let them in. Teri Schultz takes a look at how the accession process may now unfold.
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The UN human rights chief, Michelle Bachelet, has traveled to China at Beijing's invitation. But the US has raised doubts about Chinese officials giving her "necessary access" to asses the situation.
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Young Ukrainians who experienced the war have been invited to meet the powerful at the World Economic Forum and reflect on what they saw. They are committed and looking to the future, reports Manuela Kasper-Claridge.
2 hours ago
After suffering racism while fleeing the war in Ukraine, many Africans say they are now experiencing further discrimination in Germany.
2 hours ago
Rwanda has said the Congolese military shelled Musanze district in the north of the country, wounding several civilians.