BRICS, an intergovernmental organization, on Monday called on the Middle East to stop using the US dollar for oil trade settlements in the international market. ...
The Central Bank of Nigeria (CBN) has banned the use of foreign currency-denominated collaterals for obtaining naira loans, except under specific conditions. This...
The naira, on Wednesday, appreciated to N1,240 per dollar at the parallel section of the foreign exchange (FX) market. The current FX rate signifies...
The Nigerian Autonomous Foreign Exchange (NAFEM) saw a notable appreciation on Tuesday, with the closing rate standing at N1560.57 to $1. This represents a...
The Nigerian currency, the naira recovered slightly to N1,617.96|$1 on the first trading day of the week, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM)...
The official market witnessed a slight gain in the value of the Naira against the US Dollar, reversing the downward trend of the previous two days....
Naira has continued its appreciation streak at the parallel section of the foreign exchange (FX) market. The local currency traded at N1,500/$ on Wednesday, representing a...
Naira hit a new all-time low on Tuesday, February 20, trading at N1,825 to a dollar. This comes barely 24 hours after the local currency...
A former presidential aide and a Chieftain of the ruling All Progressives Congress, APC, Mr Bashir Ahmad, has reacted after it was reported that Egypt officially...
The Naira exchange rate worsened in the black market, sliding to N1517/$1, marking a 1.78 percent decrease from the previous day’s rate. Despite various policies implemented...
