Acting CBN Governor Fola Shonubi admitted on Tuesday that supply-demand imbalances are fueling current volatility in Nigeria’s exchange rates. In a press briefing following...
In the Investors’ and Exporters’ window of the official market, the price of the dollar depreciated slightly to N791.42/$1, from Monday’s N792.04/$1 as the...
More than a month after the Central Bank of Nigeria (CBN) floated the Naira at the forex market, the country’s market for exchange-traded futures...
Access Holdings and other major banks in the country are in a race to shore up their capital, positioning themselves to take advantage of...
Naira exchange rate to the Dollar dropped by N14.22 at the closing of trading on Monday, going for N792.04 to Dollar at the official market. At...
The Naira remains under pressure as many Nigerians scramble to acquire dollars for essential expenses, such as tuition, medical care, and import bills. Naira...
Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday announced the reclassification of Fidelity Bank...
The gap between Naira exchange rate at the black and official markets widened further on Wednesday as the local currency dropped by 6.83 per...
The exchange rate between the naira and dollar is being quoted for as high as N860/$1 on the black market following increased demand. The...
The FMDQ Exchange revealed that the United States Dollar (USD) was sold at a reduced rate of N742.93 kobo/$1 at the close of trading in the...
