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Access Bank, Zenith Bank, and two other commercial banks in the country have announced a gross earning of N7.99 trillion for 2023 financial year and FX gains.
The Association of Bureau de Change Operators of Nigeria (ABCON) has thrown its weight behind CBN's policy banning banks from using FX as collateral.
More foreign airlines have crashed their airfares further on the Lagos to London routes, attributing it to the rise in naira value against the US dollar.
Despite raising its electricity tariffs from N66/kWh to N255, Nigeria is not among West African countries with the highest electricity costs in the region.
Currency dealers are in a panic mood as the naira continues to gain against the US following the interventions of the Central Bank of Nigeria in the FX market.