Tag
EXCHANGE RATE
Forex traders welcomed Yemi Cardoso, on his first Monday as Acting CBN Governor with the exchange rate trading at around N1000/$1.
President Bola Tinubu made a call to Investors as he rang the closing bell of NASDAQ saying, “I count on you to invest in Nigeria.”
It is exactly two weeks since the Central Bank said that it is working with the commercial banks to clear the $10 billion foreign exchange backlog within the next 2 weeks.
The exchange rate between the naira and the dollar plunged to a record low N983/$1 at the black...
In a significant development aimed at stopping forex arbitrage, the CBN) has released a stern warning to all International Money Transfer Operators (IMTOs) operating within the country.
The Central Bank of Nigeria (CBN) has debunked claims that it would crash the exchange rate to N1.25/$1.
CIBN praised the efforts by President Tinubu towards stabilizing Nigeria’s fx rate adding as the effort of CBN is already yielding dividends.
So, being an ETH investor/trader, you’re also in for a profitable venture. Naturally, your priority will be finding the best exchange rate especially if you’re converting from Ethereum to Naira.
Amidst exchange rate unification, major consumer goods companies, FMCGs, have reported significant net foreign exchange losses.
In its bid to harmonize Nigeria's dual exchange rate system, the Central Bank of Nigeria (CBN) on June 14, 2023, introduced the FX-managed float system as the process of unifying the exchange rate.
The special adviser on monetary policy to President Bola Tinubu and Ministerial nominee has said the current exchange rate of the naira to the dollar is not backed by fundamentals of the Nigerian economy but by speculation.
Inside the massive "japa" industry that's raking in millions of dollars for foreign schools, embassies, consultants, there can only be one loser.