February 22, 2025
Headlines

Exchange Rate

Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers

GISTSMATE 0104 mins

The exchange rate between the naira and the dollar continued its rapid appreciation on the official EFEM market, closing at N1,535/$1 on Friday, December 6, 2024. This marks a significant milestone, as the naira strengthens further following three consecutive days of appreciation since the Central Bank of Nigeria (CBN) introduced the Enhanced Foreign Exchange Market…

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BREAKING: Reps Pass 2025 MTEF, Approves N1400 To Dollar As Exchange Rate

GISTSMATE 0109 mins

The House of Representatives has approved the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) submitted to it by President Bola Ahmed Tinubu ahead of the presentation of the 2025 budget. The House however recommended an investigation into the report by the Revenue Mobilization, Allocation and Fiscal Commission and Fiscal Responsibility Commission alleging…

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