Currencies

President of BDC Operators suggest the dollar is experiencing a "demand onslaught" as exchange rate hit record lows.

The exchange rate between the naira and the dollar gained 6.58% to close at N742.93/$1 on Tuesday, July 18th, 2023.

The exchange rate between the naira and the US dollar also closed at N795.28/$1 at the official Investor and Exporters window...

The exchange rate between the dollar and naira fell to N803/$1 at the investor & exporter window on Friday, July...

The naira has been fluctuating over the past two weeks, trading between 750 and 790 nairas on Wednesday, when it...

Nigeria's currency has been under pressure in recent days as the holiday season draws near piling pressure on demand for...

The CBN has issued a letter to all Deposit Money Banks (DMBs), International Money Transfer Operators (IMTOs), and the general...

BDC operators are advocating for increased participation and involvement in the foreign exchange market to ensure the success of the...

The Naira/British Pound exchange rate hovered above N1,000/£ for about a week due to strong parallel market demand.  

The exchange rate between the Naira and the dollar fell to as low as N788/.42/$1 on the I&E window at...