The Nigerian Autonomous Foreign Exchange (NAFEM) saw a notable appreciation on Tuesday, with the closing rate standing at N1560.57 to $1. This represents a...
Naira hit a new all-time low on Tuesday, February 20, trading at N1,825 to a dollar. This comes barely 24 hours after the local currency...
In response to the current challenges related to dollar shortages, and the need to rebuild Nigeria’s foreign exchange reserves, receivers of foreign currencies from their relatives...
The Federal Government through the Central Bank of Nigeria has raised the exchange rate for cargo clearance from N952/$ to N1.356 per dollar. This is coming...
The Naira on Monday appreciated slightly against the dollar at the Investors and Exporters window, exchanging at N441.25. The figure represented an increase of 0.03 per...
An economist, Mr Johnson Chukwu, says Nigeria can attain foreign exchange rate stability by boosting crude oil production. Chukwu, the Managing Director of Cowry Asset Management,...
The Naira on Friday weakened at the parallel market as it traded for N454 to $1 due to the high demand for the Dollar by foreign...
Financial experts have predicted that the Naira could fall to as low as N480 by year-end and over N500 next year, citing Nigeria’s weakening FX positions,...
The Naira hits N388.84 against dollar at the spot market due to surging demand for the U.S dollar as Nigeria’s Central Bank begins Fx sales to...
A dollar was sold for N460 at the parallel market on Tuesday, which is over 15% spread when compared to the interbank rate of N387 to...
