In continuation of its defence of the naira against the dollar, the Central Bank of Nigeria (CBN) Monday announced the sales of foreign exchange (FX) to...
The Presidency, on Thursday, warned forex speculators to discard their dollars, saying that the Naira will soon appreciate. President Bola Tinubu’s Special Adviser on Information and...
Minister of Housing and Urban Development, Ahmed Dangiwa, has accused cement manufacturers in the country of taking advantage of the rise in dollar against the naira...
Former Kano State Governor, Abdullahi Ganduje, has approached a State High Court to seek a perpetual restraining injunction against the Economic and Financial Crimes Commission (EFCC),...
Naira on Wednesday depreciated against the dollar across official and parallel foreign exchange (FX) markets. Nigeria’s FX market resumed for the New Year on Tuesday, with...
The Naira on Monday appreciated against the dollar at the Investors and Exporters window, exchanging at N445.38. The figure represents an appreciation of 0.07 per cent...
Access Bank has informed its customers that applications to obtain dollars for school fees abroad, maintenance/upkeep requests will now be determined by availability of the foreign...
The Naira closed unchanged on Wednesday at the official market at N441.67 to the dollar. FMDQ securities reports that the local currency did not change from...
The value of the Nigerian currency, Naira dropped to a new low at both the official and unofficial markets as reports say bankers have now hit...
Nigerian currency, Naira recorded a poor performance against all foreign currencies on Monday ahead of the commencement of the presidential primary of the ruling All Progressives...
The Nigerian currency made a slight recovery on Tuesday at the Investors and Exporters window where Naira is officially traded. According to data from the FMDQ...
On Wednesday, the Nigerian currency fell to its lowest level against the US dollar at the FMDQ Security Exchange window where forex is officially traded. Data...
Despite efforts by the Central Bank of Nigeria (CBN) to increase diaspora remittances, money sent home by Nigerians living abroad fell by 62 percent. Latest data...
The Naira appreciated marginally against the U.S dollar at the official market (Nafex window) after two days of losses. Data posted on the FMDQ Security Exchange...
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 Nigerian Naira is currently trading at its lowest rates to the dollars ever in the black market, less than 24 hours after Central Bank of...
The Central Bank of Nigeria (CBN) has announced that it would no longer sell dollars to Bureau De Change (BDC) operators as of today (Tuesday). Godwin...
Nigeria’s currency on Monday lost 0.31 percent to the dollar at the official market. According to data from FMDQ securities Nigerian currency exchanged at N411.67k /1$...
The depreciation of the Nigerian naira continued in the first half of the year, with the currency losing up to eight percent of its value on...
Thursday was a good day for the Nigerian currency, Naira as it appreciated against the U.S dollars in both the official and unofficial market. The biggest...
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...
Nigerians are reportedly shunning the country’s currency, naira, for foreign notes. This move is to escape the weak local currency which has a high volatility amid...
Last year October fire and fury raged in many southern cities and towns in Nigeria over the mindless brutality, torture, extortion and killings associated with the...
Naira put up a poor performance against the dollar at the Investors and Exporters (I&E) window on Wednesday as trading closed at N394.17k per dollar. This represents a 0.21 percent...
A clash between the Federal Government and state governors may be in the offing after a report emerged at the weekend that governors of the 36...
A 51-year-old man, Edwin Nwankwo, has been arraigned before an Igbosere Magistrate Court for defrauding one Abdulmalik Yunusa of the sum of $15,500. Nwankwo, who was...
The Kano State House of Assembly says it will continue with its probe of Abdullahi Ganduje, the state governor, over alleged bribe collection from contractors captured...
Complaints from a cross section of small and medium-size Enterprises (SMEs) that bureaucracy is hindering their access to foreign currencies has seen the Central Bank of...
Apparently disturbed by a slight loss in the value of the naira, the Central Bank of Nigeria (CBN) has decided to further increase its volume of...
There is an apparent glut in the foreign exchange market as the Central Bank of Nigeria (CBN), on Thursday, said of $100 million it supplied to...
The Central Bank of Nigeria (CBN) may have concluded plans to offer for sale a minimum of $650 million weekly in the next five months. This,...
The blame game on why Nigeria’s local currency, the naira, has defied all measures aimed at shoring up its value against major currencies continues. The Central...
The suspension of nine commercial banks from participating in Nigerian foreign exchange market has resulted in investors selling off their shares in panic at reduced values...
The Central Bank of Nigeria (CBN) has readmitted United Bank for Africa (UBA) Plc into the foreign exchange (forex) market after the commercial bank hurriedly remitted...
If the current effort by Nigerians living outside the shores of the land is sustained, naira, the local currency may soon regain some lost grounds against...
The Central Bank of Nigeria, CBN, has increased banks’ weekly dollar sales to Bureaux De Change, BDCs, from Diaspora-related foreign exchange, from $30,000 to $50,000. This...
The Federal Government is very much aware of the cry of hunger ravaging the people, but we are not the cause, the Minister of Agriculture, Chief...
From $40 billion in 2014, Nigeria’s foreign reserve has shrunk to $26 billion, shedding more than 35 percent within a year and may be further depleted. The Federal Government has blamed the situation on poor earnings...
The Central Bank of Nigeria (CBN) has directed commercial banks to immediately start the process of extending dollar loans to their customers. This is seen as...
For the second day, the naira has depreciated to N286 per dollar as the Central Bank of Nigeria (CBN) sold $2 million dollars in interbank market...
The decision of the Federal Government to increase the pump price of Petrol from N86. 50 to N145 has continued to have rippling effect on the...
