Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
The foreign exchange rate aggregator, Aboxi FX, has suspended the daily updates on foreign exchange rates in the country. The development followed the Central Bank of...
Bureau De Change operators on Friday distanced themselves from abokiFX, saying the foreign exchange rate aggregator does not influence the black market price. A market survey...
The governor of the Central Bank of Nigeria (CBN) Godwin Emiefiele, has advised Nigerians to ignore the black-market exchange rate for the Naira to other foreign...
The founder of abokiFX, Oniwinde Adedotun, is reportedly under investigation by the Central Bank of Nigeria (CBN) for a number of alleged infractions. If the reports...
The Naira began the week at N545 per dollar at the black market, a 3.1 percent depreciation from last Monday’s opening rate. The naira had opened...
No respite yet for Nigerian currency as the new week begins with Naira exchanging weaker to all foreign currencies. Data from Abokifx shows currency traders at...
Nigeria’s currency is starting the new week weaker to the dollars, pounds and Euro at the unregulated exchange market, but hope of recovery is on the...
Nigeria’s currency, the naira reversed last week’s gains against the dollar, closing at N500/$1 on Monday at the parallel market. According to abokiFX data, Monday’s black...
Nigeria’s currency dropped to a four-year low against the US dollar in the parallel market, widening the official and official exchange rate to N90. According to...
Naira weakened against the United States dollar on Monday on the over-the-counter spot market segment of the currency market, called the Investors and Exporters (I&E) forex...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
Naira depreciated further against the United States dollar on Wednesday on the black market, exchanging at N478 as the momentum of increasing demand from traders and...
