Currencies
Nigeria's daily parallel market exchange rate tracker
Weak dollar amid trade war could benefit Nigeria and emerging markets – Experts
Experts have predicted that the ongoing trade war will significantly impact the economies of Nigeria and other emerging markets. Earlier...
Read moreDetailsNaira loses weight against U.S. Dollar in unofficial market
The Nigerian naira weakened to N1,550 against the American dollar in the black market amid increased demand for the greenback...
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Court jails 21 convicted internet fraudsters in Benin
Edo State High Court has approved jail terms for 21 internet fraudsters in Benin, according to a statement released by...
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Naira recovery: BDC operators are facing constraints buying forex from banks – ABCON
Bureau De Change (BDC) operators under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) says...
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Latest crude oil price drop threatens Nigeria’s revenue and naira stability
Crude oil prices dipped on Tuesday after the U.S. government implemented fresh tariffs, raising concerns about global trade tensions and...
Read moreDetailsNaira loses steam, sinks again in unofficial market
The Nigerian naira began Tuesday's trading session at N1,510 per dollar on the black market amid weakness in the dollar...
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Naira shows biggest sign of stability for 2025 after holding firm in February
The Nigerian naira showed its biggest sign of stability in February, despite closing the month 1.6% weaker in the official...
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Naira surges in parallel market; hits strongest level against dollar, euro, and pound in February
The Nigerian naira made a significant comeback in February 2025, appreciating against the US dollar, British pound, and euro in...
Read moreDetailsBDC operators request exemption of excise taxes on forex transactions
The Association of Bureau De Change Operators (ABCON) has requested the exemption of excise taxes on foreign exchange transactions. Excise...
Read moreDetailsNaira falls to N1,500/$1 in parallel market as FX pressure mounts
The Nigerian naira depreciated further in the parallel market on Friday, closing at N1,500 per dollar as foreign exchange (FX)...
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