At the backdrop of sustained supply gap in Nigeria’s foreign exchange (forex) market, the local currency, Naira, has hit a new low at the weekend,...
Amid the impact of the Central Bank of Nigeria’s foreign exchange reforms, the Naira depreciated against the dollar on Friday, exchanging at N803.90 at the investor’s...
The naira yesterday appreciated to N746.28 per dollar in the Investors and Exporters, I&E window. Data from FMDQ showed that the indicative exchange rate for the...
The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators to commence remittances payout in Naira to beneficiaries. It has also directed that the...
From tomorrow, July 3, 2023, the Central Bank of Nigeria (CBN) will begin quote offers for naira-settled OTC FX Futures (NSOFF) contracts with tenors between 13...
Idakolo Gbolade, Chief Executive Officer of SD & D Capital Management, said one of the impacts of the recent floating of the Naira in the...
The naira on Tuesday dropped further, exchanging for N763 against the dollar at the Investors and Exporters window. The naira depreciated by 0.67 per cent when...
Exactly a week after the Central Bank of Nigeria (CBN) pulled the plug on the foreign exchange (FX) market to allow gradual rates harmonisation around the...
Amid the foreign exchange reforms by President Bola Ahmed Tinubu’s administration, the Naira on Monday depreciated against the dollar at the Investors and Exporters window,...
Amid the liberation of the foreign exchange market by the Central Bank of Nigeria, CBN, the Naira on Thursday lost against the dollar at the Investors...