After enduring a dramatic fall against the US dollar, Nigeria’s naira appears to be regaining its composure, trading within a
The Central Bank of Nigeria (CBN) has announced a significant policy shift, suspending the extension of export proceeds repatriation periods
Seplat Energy, the Nigerian oil company that recently acquired the local operations of ExxonMobil, has announced plans to double its
Nigeria’s pursuit of foreign exchange (FX) reforms has encountered a significant challenge as the gap between official and parallel market
In every Nigerian budget, one of the key projections everyone looks out for is the exchange rate projections on which
The Naira to Dollar rate fell to N1,750 on the parallel market popularly called the ‘black market’ on Wednesday as a
The Central Bank of Nigeria (CBN) has raised an alarm over the increasing use of fraudulent SWIFT messages by individuals,
At the Access Bank Customer Forum held in Lagos on Thursday, Bismarck Rewane, Managing Director of Financial Derivatives Company, made
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,
In a concerning development for Nigeria’s economic landscape, the Naira has plummeted to a three-week low, concluding at N1,488.60 per
Nigeria’s naira crisis cannot be resolved by only monetary policies. Complementary fiscal reforms, reducing government expenditure, and growing the nation’s
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