Currencies

As Nigeria grapples with inflationary pressures, Naira devaluation, and fluctuating investor confidence, experts emphasize the importance of establishing a predictable...

The Nigerian official foreign exchange (FX) market witnessed a significant increase in turnover, rising by 40% this week. 

The naira hit a new low in July, closing at N1,563.80/$1 on Friday, July 12, 2024, as it recovered from...

The Central Bank of Nigeria (CBN) has taken a significant step to stabilize the foreign exchange market by selling $122.67...

The exchange rate for the Nigeria Customs Service (NCS) duties collection has risen from N1,520/$ to the current figure of...

The Senate on Thursday rejected a bill seeking to amend the Foreign Exchange Act of 2004 to introduce provisions for...

Naira fell below N2,000 against the British pound as UK economic data exceeded expectations, impacting currency markets significantly.

The naira has suffered a significant depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, falling to N1,561.98/$1 on...

Nigeria’s external reserves have increased yet again, reaching $35.05 billion as of July 8, 2024.  

The exchange rate for import duties by the Nigeria Customs Service (NCS) continues to rise as it hits N1549 to...