Naira, on Wednesday, hit N1035.12 per dollar at the official market, also known as the Nigerian Autonomous Foreign Exchange Market (NAFEM) window. The foreign exchange (FX) rate movement represents a
Tag "Foreign exchange"
Independent Hajj Reporters (IHR), a civil society organisation (CSO), has asked the federal government to approve a reduction of the foreign exchange rate for 2024 intending pilgrims. In a statement
JP Morgan, a US multinational financial services firm, projected the naira would trade at about N850 to the dollar before the end of 2023. The financial institution made the projection
Taiwo Oyedele, chairman of the presidential committee on fiscal policy and tax reforms, says the federal government plans to introduce new foreign exchange rules, including a crackdown on illicit currency
Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria is expecting $10 billion in foreign currency
President Bola Tinubu says his administration is taking steps to improve foreign exchange liquidity and honour all legitimate foreign exchange
The naira, on Thursday, dropped to a new low of N1,170 per dollar in the parallel market. The Nigerian currency
The value of foreign exchange (Forex) transacted in the investors’ and exporters’ (I&E) window of the official market increased by
The inability of the Central Bank of Nigeria (CBN) to meet foreign exchange (FX) obligations may result in a decline
Wale Edun, the minister of finance, has linked the continued decline in the value of the naira to overdue forward
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