FirstBank exits 100 Senior Staff members in major reorganizational shakeup
FirstBank, the oldest bank in Nigeria and part of FBN Holdings’ entities has exited close to 100 senior staff members...
“Naira closes at ₦1,537/$1, weakest pre-Xmas day rate ever
The exchange rate between the naira and dollar closed N1,537/$1 on Christmas eve gaining one naira from the prior day...
Nigeria currently running on N7 trillion fiscal deficit as of Q3 2024
Nigeria’s fiscal deficit reached N7.05 trillion by the end of the third quarter of 2024, according to figures disclosed by...
Wild Week for Naira as Exchange Rate Rebounds to N1,660/$1 at parallel market
The naira had a turbulent trading week as the exchange rate to the dollar experienced sharp fluctuations in both official...
Naira plummets to N1,745/$1, traders blame speculators
The exchange rate between the naira and dollar slid back to around N1,745/$1 on the parallel market a sharp reversal...
Naira falls again to N1,685/$1 at the parallel market as volatility persists
The naira depreciated further at the parallel market to close at N1685/$1 at the end of business on Tuesday, December...
Forex crisis: “You can only operate between 8am and 6pm” – ABCON to BDC operators
The Association of Bureau De Change Operators of Nigeria (ABCON) has directed its members to strictly operate within the business...
Naira loses steam, drops against the dollar at parallel market as speculators show resistance
The naira crashed to N1640/$1 at the parallel market at the close of business on Monday, December 9, 2024, ending...
Forex market: BDC operators warn that speculators will resist naira appreciation
Currency traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have warned that forex...
Naira gains rapidly against the dollar as sellers struggle to find buyers
The exchange rate between the naira and the dollar continued its rapid appreciation on the official EFEM market, closing at...
