The recent move by the Central Bank of Nigeria (CBN) to clear the FX backlog owed to Foreign Portfolios Investors is viewed as a move that...
The Central Bank of Nigeria (CBN) noted that the seeming Naira scarcity in some parts of the country was occasioned by large volume withdrawal...
Multinational financial services firm, JPMorgan Chase & Co expects Naira to US dollar exchange rate to eventually strengthen towards N850 by year-end as the...
The Nigerian naira has once again surpassed a key black market resistance level, settling at N1,170 against the greenback, as the US Fed prepares to announce...
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured Nigerians that the ongoing plan by the Federal Government to...
The exchange rate between the naira and dollar fell to the lowest level ever on NAFEM where forex is sold officially, representing a massive 20.5% depreciation...
Despite slight appreciation of the Naira at the weekend, the World Bank has listed Nigeria’s local currency as being among the worst-performing currencies in Sub-Saharan African...
The Association of Bureaux De Change Operators of Nigeria says naira’s return to the path of growth is sustainable. According to figures obtained from Aboki forex,...
On the black market where forex is sold unofficially, the Naira exchange rate remained weak, quoting as low as N1310/$1, while peer-to-peer traders quoted around...
The federal government may soon begin the imposition of excise tax penalties on foreign exchange transactions done outside the official market window as part...
