Currencies

The exchange rate for cargo clearance has dropped to N1593.41/$ from N1612.28/$ recorded last week representing a drop of about...

The Central Bank of Nigeria (CBN) has reiterated its position on how banks utilize their FX revaluation gains referencing a...

The official market witnessed a slight depreciation in the Naira-dollar exchange rate, closing at N1,615.94 to $1, a 0.78% decrease.

Nigeria is pushing Binance, a cryptocurrency exchange for information on its top 100 users in the country, as well as...

The British pound sterling is outperforming most of the world's currencies this year, including the naira, despite a hawkish CBN.

In the official market, the naira exhibited a marginal strengthening against the US dollar, concluding at N1,617.96/$1.

The Central Bank of Nigeria (CBN) faces a significant liquidity crisis in supporting the naira, as nearly $20 billion of...

Nigeria recorded a total crude oil export revenue of N29 trillion in 2023, a 37% increase compared to N21.1 trillion...

Despite the substantial FX losses incurred by MTN Nigeria in FY 2023, approximately 83% of that amount remains unrealized.  

The Nigerian local currency is running out of time, and the U.S. dollar index is hovering around two-month lows as...