The demand for foreign exchange (FX) by the Investors and Exporters (I&E) market weakened the value of the Naira
The Naira on Monday traded at N358.6 to the Dollar at the parallel market in Lagos, while the Pound sterling and the Euro closed at N445...
At the weekend, the exchange rate between the naira and the dollar depreciated to N364/$ from N363.50/$ as oil price continue to fall globally with the...
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has announced that the apex bank is set to recapitalise Nigerian commercial banks. This...
The Naira, Nigeria’s local currency may have been quietly devalued following the Central Bank of Nigeria’s decision to float the currency by allowing market forces to...
Investigation by National Daily has revealed that the illegal repatriation of foreign exchange to South Africa by MTN Nigeria aided by four banks has been...
The Central Bank of Nigeria, CBN, has again released another tranche of $210million, to meet customers’ requests in various segments of the inter-bank foreign exchange, forex...
The British Pound Sterling and the European single currency, Euro slumped on Tuesday, June 19, against other international currencies. The Pound dipped to a fresh 2018...
The UK Export Finance (UKEF) will now accept naira payments from Nigerian business owners buying things in the UK. The UK department of international...
The Nigerian Naira on Wednesday, February 7, retained its strength against the United States of America Dollar at the parallel segment of the Nigerian Foreign...
