The total value of transactions recorded at the official Nigerian Autonomous Foreign Exchange Market fell from $465.29m on Tuesday and $203.93m on Wednesday, data obtained from...
The Central Bank of Nigeria (CBN) hit the nail on the head yesterday, as it accused commercial banks of hoarding over $5 billion in foreign currencies...
Isaac Fayose, brother of former Ekiti governor, Ayodele Fayose, has charged President Bola Tinubu to seize domiciliary accounts with above $1,000 to tackle naira free fall...
The naira continued its free fall on the official Investor and Exporter window of the foreign exchange market, closing at N1482.57/$ on Tuesday. This is a...
The Naira on Tuesday, January 23, exchanged for N1,355 to a dollar in the parallel market, from the N1,350 to a dollar recorded on Monday, January...
The Naira on Thursday recorded its first gain in 2024. Data from FMDQ showed that the Naira appreciated and traded at N895.23 per US dollar on...
Nigeria’s naira traded at a record low of 860 per dollar on the black market on Thursday, according to traders, weakening below its official rate a...
JP Morgan, an American multinational financial services firm, says the naira is expected to appreciate, and trade at about N600 to the dollar in the coming...
OPERATIONAL CHANGES TO THE FOREIGN EXCHANGE MARKET The Central Bank of Nigeria (CBN) wishes to inform all authorized dealers and the general public of the following...
Importers have condemned the Central Bank of Nigeria (CBN)’s over its denial that the Naira has been devalued. In an interview with BusinessDay, an importer, who...