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The Nigerian currency, the naira, crashed slightly against the US dollar, recording an intraday high of N1,392 per dollar, closing at N1,309.35 per dollar.
The Nigerian National Petroleum Company Limited (NNPCL) has debunked the reports of petrol price crashes across its retail outlets nationwide. It said they're untrue
The Central Bank of Nigeria (CBN) has disclosed that Nigerians keep over N3 trillion in homes as currency in circulation has hit the highest since February.
MTN has said it is planning to exit three African countries - Guinea-Bissau, Liberia and Guinea-Conakry due to high inflation and FX losses due to currency crash.
Nigeria's total debt stock hit a massive $108 billion as of December 2023. The data from the Debt Management Office also revealed thedomestic debts by states.