The Nigerian naira began the week with a slight gain against the US dollar in the official currency market, but fell on the black market. According...
Foreign investors in the U.K have been told by the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, to ignore the rising foreign exchange...
Out of seven countries surveyed, Nigeria recorded the highest dip in remittance flow in 2020, a new report by Agusto has shown. The industry researcher also...
Naira depreciated against the United States dollar on the black market on Thursday after the Central Bank of Nigeria (CBN) introduced of a new policy, prohibiting...
Nigeria’s official exchange rate cannot be controlled by the parallel market, where the local currency has depreciated to its lowest level in three months, Godwin Emefiele,...
Naira depreciated by 1.09% to N460 on the parallel market on Monday, days after President Muhammadu Buhari ordered the Central Bank of Nigeria (CBN) to halt...
Naira fell against the United States’ dollar on the parallel market on Wednesday, closing at N445, according to data from abokiFX, which collates rates from informal...
Naira appreciated against the United States dollar on Monday on the over-the-counter spot market used by investors and exporters as well as at the black market...
Naira inched higher against the United States dollar on Thursday at the over-the-counter spot market widely used by investors, closing at N388, 0.07% or 17 kobo...
The Nigerian Naira Tuesday plummeted to its weakest point since February 2017 at the parallel market amidst exacerbating dollar crunch induced by the central bank’s tightening...
Since the news broke on restriction of Forex for food importation, experts and the general public have reacted with divergent views. A category went left with...
The Nigerian currency, the naira, collapsed to an all-time low, exchanging for 400 per dollar at the parallel market on Friday. No official reason was adduced...