The administration led by President Bola Tinubu has issued a directive to foreign missions situated in Nigeria, compelling them to conduct financial transactions solely in the...
In a recent report by Bloomberg, Nigeria’s currency, the naira, has shockingly emerged as the worst performing currency globally in the past month. This downturn follows...
The naira edged lower to N1,470 against the dollar in the parallel segment of the foreign exchange (FX) market on Friday, signaling a convergence with the...
The Nigerian Naira’s struggle continues as the supply of US dollars in the official foreign exchange market reached an unprecedented low, plummeting to just $84.38 million,...
The Nigerian Naira witnessed a further decline in both the parallel and official markets amidst renewed speculation and hoarding. This decline coincided with a withdrawal of...
Hold onto your hats, folks, because the Naira is on a wild ride! Yesterday, our beloved currency took a dip, landing at N1,415 per dollar in...
The Naira experienced a notable surge yesterday at the official market, reaching a trading rate of N1,354.21 against the dollar. This latest development was confirmed by...
The Federal Government has announced its intention to remove the naira from all peer-to-peer (P2P) exchanges. The decision was disclosed during a virtual conference with blockchain...
The Nigerian Naira has once again begun to depreciate following a period of slight strengthening, prompting stakeholders to advocate for organic policies to bolster the currency’s...
The Federal Government of Nigeria is contemplating stringent measures, including potentially suspending the $56.7 billion peer-to-peer cryptocurrency market, following a pivotal meeting slated for Monday between...