Naira depreciates to N742/$1 on the black market
The depreciation of the naira has been attributed to increased demand for the dollar amidst continuous shortages
Tag: forex
One year after CBN’s clampdown on AbokiFX, Naira depreciates by 25%
One year after the CBN effectively criminalized AbokiFX's actions and accused it of "economic sabotage", the Naira has lost 25% ...
Obaseki advocates investment in oil palm to boost forex
Governor Godwin Obaseki has called for massive investment in Agriculture, especially oil palm as a strategic move to boost foreign ...
Customs agents blame CBN forex ban list for decline in cargo volumes in Nigerian ports
Customs agents have stated that the CBN's forex prohibition list and the crashing of the Naira is responsible for the ...
Naira falls to N698/$1 at black market
The exchange rate between the naira and the US dollar fell to N698/$1 on Thursday morning, 25th August 2022.
Dollar scarcity forces banks to ration $4,000 Personal Travel Allowance (PTA)
Given the rush for PTA and the scarcity of dollars, Nigerian banks have devised ways to ration the allocation of ...
FX scarcity: Nigerians should brace up for tough times ahead
The continuous depreciation of the naira to the dollar has generated lots of talking points from financial analysts, economists, and ...
Naira appreciates to N669/$1 at the peer-to-peer market
The exchange rate between the naira and the US dollar appreciated to N669/$1 on Tuesday morning from N692.25/$1 recorded on ...
Exchange rate falls further to N718/$1 at black market
Naira has depreciated to a record low at the black market after the local currency closed trading on Thursday at ...
Naira falls to N700/$1 at black market
The exchange rate between the naira and the US dollar has fallen beyond the N700/$1 threshold at the parallel market ...
