Nigerian Naira, on Monday, failed to live up to the positive momentum it recorded last week at the foreign exchange market. This is because the local...
The Federal Government is desperately reaching out to foreign investors to support Nigeria’s weakened currency. The Naira in recent weeks has not been stable despite the...
Says more items will be banned The Central Bank of Nigeria (CBN) governor, Mr. Godwin Emefiele, has finally reacted to President Muhammadu Buhari’s pronouncement on foreign...
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to stop providing Foreign Exchange (FOREX) for the importation of food into the country. In...
ai Naira weakened to 364 per dollar at the weekend from N363.50 the previous day as falling oil prices tightened liquidity on the currency market, traders...
The Major Oil Marketers Association of Nigeria has said its members are not getting foreign exchange at N305 to a dollar for the importation of Premium...
The Central Bank of Nigeria is said to have spent a whopping $2.04 billion alone in May to sustain the improved liquidity and relative stability in...
The dollar jumped and traders bought into the safe-haven yen on Thursday after Britain’s Brexit deal with the European Union was plunged into uncertainty, spooking investors...
The Nigerian Naira on Thursday, May 24, maintained same rate against the United States of America Dollar at the parallel segment of the Foreign Exchange Market....
By Chioma Obinagwam The Central Bank of Nigeria (CBN), has injected another sum of $210 million into the inter-bank Foreign Exchange (Forex) Market, in its desire...
