Currencies

The Naira has lost about 68% of its value, marking a profound downturn since the implementation of the foreign exchange...

The exchange rate between the naira and dollar closed at N1,534/$1 on the official NAFEM market on Monday, February 12th,...

The Naira strengthened against the dollar in the official market, to close the week at N1,469.97/$1 as the ongoing demand...

The Central Bank of Nigeria (CBN) has announced significant reforms in the foreign exchange market, signaling a stride towards a...

The CBN in a circular dated February 8 has removed the ±2.5% cap spread on interbank FX transactions. The circular...

International transfers through international money transfers operators (IMTOs) will be paid out in naira in line with recent guidelines from...

Governor Yemi Cardoso has disclosed that the foreign exchange market received a boost of over $1 billion in liquidity in...

The Naira experienced depreciation against the US Dollar across both the official and black markets as demand pressure continued to...

Forex turnover dropped by 56.17% to $203 million  as the Nigerian naira gained against the dollar marginally on Wednesday, February 7th, 2024 at...

The House of Representatives asserted on Wednesday that four banks are holding approximately $5 billion in surplus foreign exchange, signaling...