International transfers through international money transfers operators (IMTOs) will be paid out in naira in line with recent guidelines from...
Read moreDetailsGovernor Yemi Cardoso has disclosed that the foreign exchange market received a boost of over $1 billion in liquidity in...
Read moreDetailsThe Naira experienced depreciation against the US Dollar across both the official and black markets as demand pressure continued to...
Read moreDetailsForex turnover dropped by 56.17% to $203 million as the Nigerian naira gained against the dollar marginally on Wednesday, February 7th, 2024 at...
Read moreDetailsThe House of Representatives asserted on Wednesday that four banks are holding approximately $5 billion in surplus foreign exchange, signaling...
Read moreDetailsThe Federal government, 36 states, and all LGAs across the country shared around N2.517 trillion as FAAC exchange rate gain...
Read moreDetailsThe Economic and Financial Crimes Commission (EFCC) has set up a task force to enforce extant laws against currency mutilation...
Read moreDetailsThe dollar remained under pressure on Wednesday after retreating from a nearly three-month high against major currencies, yet the naira...
Read moreDetailsThe intra-day high between the naira and dollar sold for N1,519/$1 on Tuesday as forex turnover dropped by 20.26% to $465.29 as the Nigerian...
Read moreDetailsThe Governor of the CBN has stated that recent reforms of the apex bank are beginning to yield positive results...
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