Nigeria’s foreign reserves fell to $32.29 billion on April 15 — the lowest level in over six years. According to the latest data from the Central Bank of Nigeria (CBN),
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The Nigerian Upstream Regulatory Commission (NUPRC) has issued new rules requiring oil producers to sell crude to domestic refineries before attending to foreign demands. The commission, on March 27, had
The presidency says President Bola Tinubu’s multi-faceted approach to eliminating foreign exchange (FX) racketeering is strengthening the naira against global currencies. In a statement on Wednesday, Ajuri Ngelale, special adviser
Financial Derivatives Company, a firm owned by financial expert, Bismarck Rewane, says it will take time for foreign exchange rate gains to translate to reduced commodity prices. Since Olayemi Cardoso
The Association of Bureau De Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to undergo
BY GIDADO SHUAIB For Nigeria, the naira stands not only as the country’s currency but also as a symbol of
Lai Omotola, group managing director and chief executive officer of CFL Group of Companies, has asked President Bola Tinubu to
The parallel section of the foreign exchange market recorded a new all-time low on Monday after the naira depreciated to
Naira, on Monday, fell to N1,534/$1, a record low at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official
United Bank for Africa (UBA) has adjusted its domiciliary MasterCard limits and fees. In a notice sent to customers, the
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