The Nigerian naira remained stuck at N1600/$ in the black market on Wednesday, despite improving fundamentals in the country’s foreign
On Monday, the Naira appreciated at the official market, trading at N1,607.15 to the dollar. Data from the FMDQ Exchange,
Key Points The Central Bank of Nigeria (CBN) sold $122.7 million to 46 authorised dealers to stabilise the foreign exchange
Key Points Nigeria’s foreign exchange reserves reach new high of $34.7 billion Reserves gained $110 million in 24 hours and
Key Points Market Rebound: The Nigerian equity market gained five basis points, closing at 100,067.77 points after a previous decline.
Key Points Parallel market closes at N1,510 NAFEM closes at N1,508.99 Volume of trading dropped by 34.9 per cent The
Key Points The Central Bank of Nigeria (CBN) allows eligible International Money Transfer Operators (IMTOs) to sell foreign exchange (FX)
In a concerning development for Nigeria’s economic landscape, the Naira has plummeted to a three-week low, concluding at N1,488.60 per
The Presidential Committee on Fiscal Policy and Tax Reforms has recommended that the federal government adopt a fixed exchange rate
“The CBN has achieved a unified exchange rate – this has eluded Nigeria for 11 years. All this is
The Central Bank of Nigeria has banned the sales of forex on the streets across the country. The order for
The Central Bank of Nigeria has directed all Bureaux De Change operators in Nigeria to reapply for new licences as
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