Currencies

Nigeria’s external reserves have increased yet again, this time by $1.88 billion to $34.66 billion as of July 4, 2024,...

The exchange rate for customs duties collection has dropped from N1516/$ to N1512/$ between the 5th of July and 7th...

The global currency market got the much-needed reassurance after years of market volatility under the Conservatives when Keir Starmer's centre-left...

The Nigeria Customs Service exchange rate for import duties collection has risen to N1508/$- the highest in the past three...

The Central Bank of Nigeria (CBN) has issued a stern warning to Deposit Money Banks (DMBs) and authorized forex dealers,...

Rising U.S. yields bolstered the dollar index while adding pressure on inflation-prone currencies like the Nigerian naira.

The World Bank has highlighted factors that could lead to a decline in remittance inflow to Nigeria and other countries...

Nigeria emerged as a major recipient of diaspora remittances in Sub-Saharan Africa, capturing approximately 35% of the region’s total inflows...

 Nigeria's exchange rate closed June 2024 at N1,503.3/$1, marking a 1.3% depreciation for the month. 

The Central Bank of Nigeria (CBN) has introduced revised guidelines to allow Deposit Money Banks (DMBs) to deposit excess foreign...