Naira, on Monday, fell to N1,534/$1, a record low at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official foreign exchange (FX) window. The local currency depreciated by 4.38
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United Bank for Africa (UBA) has adjusted its domiciliary MasterCard limits and fees. In a notice sent to customers, the financial institution said the move is part of its commitment
BY ZUHUMNAN DAPEL In recent years, the naira-dollar market in Nigeria has so far been liberalised twice. The first, in June 2016 and the second, in June 2023. Both moves
The naira, on Friday, appreciated at the official section of the foreign exchange market. It gained 1.84 percent or N26.9 to close at N1,435 per dollar — from the N1,461.90/$
The naira, on Wednesday, crossed the N1,500 mark at the parallel section of the foreign exchange (FX) market. The value
The naira depreciated further to N1,482.57 against the dollar at the official window, also known as the Nigerian Autonomous Foreign
BY NZE CHIDI DURU In a November 20, 2023, article titled ‘Mr President and the forex concerns: An invitation to
No better poetry to show how serious the year 2024 will be than the fact that the year started on
Procter & Gamble (P&G), an American multinational consumer goods company, says it has plans to transition from local production to
The naira, on Friday, depreciated marginally to N927.19 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s
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