The Central Bank of Nigeria (CBN) is seeking to ensure there is no black market as the naira sinks to 490 to a single dollar. On Wednesday, the naira was
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Nigeria’s foreign exchange reserves is back at the $25 billion mark, for the first time in five months. The reserves, which shows the state of the country’s financial funds in
For the very first time in 2017 and the second time in a decade, the United States Federal Reserve on Wednesday voted to raise interest rates. This is the second
The naira took a fall again on Monday, as it slid to 485 against the dollar and 600 against the British pound at the parallel market. At the official side
Bureau de change (BDC) operators in Abuja, Nigeria’s capital city, say commercial banks within the country have been unable to provide
The Nigerian foreign exchange (forex) reserves have been on the increase for four consecutive weeks, TheCable can report. According to
Investor’s sentiment towards the largest economy in Africa was dealt a sharp blow in November following its disappointing third quarter
The Central Bank of Nigeria (CBN) has given access to about 7,792 requests for foreign exchange valued at over $867
Fixed income investors are healing their wounds while US equities and dollar bulls are celebrating new highs during the Thanksgiving
Lukman Otunuga, research analyst at FXTM, says the expectations of a rate hike by the US federal reserve has continued
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