The cost of basic food items in Nigeria is expected to increase significantly in the coming months, with rising inflation already putting considerable strain...
In a move to bolster the country’s financial system, Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, has announced a new...
The Nigerian naira recorded a notable appreciation against the U.S. dollar on Tuesday, following an increase in foreign exchange (FX) transaction turnover. According to...
The Nigerian naira experienced a sharp depreciation, dropping to N1,590 per dollar in the parallel market on Friday, a decline from N1,580 per dollar...
The Central Bank of Nigeria (CBN) has refuted claims suggesting it sold foreign exchange (FX) to bureau de change (BDC) operators at the rate of N1,001/$1....
Naira notes have become the visual representation of market trading trends, as the Nigerian currency surged against the dollar at the official market. According to...
Former deputy governor of the Central Bank of Nigeria, Kingsley Moghalu, has dismissed expectations of the Naira reaching N400 to the Dollar as unrealistic, asserting that...
The foreign exchange rate for cargo clearance at Nigeria’s seaports and international airports has experienced a significant reduction, mirroring the strengthening of the Naira against foreign...
The Nigerian naira continued its upward trajectory against the United States dollar, reaching N1,382/$ at the official market, marking an increase of N18. The Presidency issued...
In a stern warning to forex speculators, the Nigerian Presidency has declared that the Naira is poised for appreciation in the near future. President Bola Tinubu’s...