Foreign Exchange Market Archives

Naira appreciates further, trades N1,025/$ at parallel market

The naira, on Monday, appreciated further at the parallel section of the foreign exchange market to N1,025 a dollar. This represents an appreciation of N15 or 1.44 percent compared to

Naira appreciates to N1,150/$ at parallel market as ‘FX scarcity wanes’

The naira, on Monday, appreciated further at the parallel section of the market to N1,150 a dollar. This represents an appreciation of N80 or 6.5 percent compared to the N1,230

0 comment Read Full Article

Tinubu’s aide seeks reform of BDCs, banks’ FX operations to improve supply

Tope Fasua, the special adviser to President Bola Tinubu on economic affairs, has called for a structural reform of Nigeria’s foreign exchange (FX) market by making adjustments to the operations

0 comment Read Full Article

CBN changes rules for Bureau De Change

The Central Bank of Nigeria (CBN) has announced an increase in the minimum capital requirement for Bureau de Change (BDC) operators from N10 million to N35 million. In a statement,

1 comment Read Full Article