Naira, on Friday, reversed the appreciation trend at the parallel section of the foreign exchange market. The local currency depreciated by N100 or 6.67 percent to N1,600 per dollar. Currency
Tag "Foreign exchange"
Naira has continued its appreciation streak at the parallel section of the foreign exchange (FX) market. The local currency traded at N1,500/$ on Wednesday, representing a gain of 9.09 percent
Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), says $400 million was paid on Tuesday to settle some outstanding foreign exchange (FX) commitments. Cardoso disclosed this during
The Central Bank of Nigeria (CBN) has placed limits on the foreign exchange (FX) sales by Bureau De Change (BDC) operators. The apex disclosed the directive on February 23, 2024,
BY ZAYYAD MUHAMMAD The naira is floating without direction. The floating naira resembles a small wooden canoe in a mighty
Abdul Samad Rabiu, BUA Group chairman, has described the situation in the foreign exchange (FX) market as artificial and manipulative.
BY GIDADO SHUAIB For Nigeria, the naira stands not only as the country’s currency but also as a symbol of
The Central Bank of Nigeria (CBN) says sellers of foreign exchange (FX) of $10,000 and above to Bureau De Change
The Central Bank of Nigeria (CBN) has directed Nigeria Customs Service (NCS) and other related parties to adopt the closing
Naira strengthened on Friday to close at N1,770 against the dollar at the parallel section of the foreign exchange market.