The naira depreciated to N1,470 per dollar at the parallel section of the foreign exchange (FX) market on Friday. The current FX rate represents a 1.38 percent depreciation from the
Tag "FX"
The Association of Bureaux De Change Operators of Nigeria (ABCON) has announced plans to establish unified retail end foreign exchange (FX) market operations. In a statement on Friday, Aminu Gwadabe,
SB Morgen (SBM) Intelligence, a geopolitical research firm, says soaring inflation, increased energy costs, and fluctuating foreign exchange (FX) rates caused a hike in the cost of food items in
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the recovery of the naira has little or nothing to do with the country’s foreign reserves decline. Cardoso spoke
The Association of Bureaux de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to direct
The naira, on Monday, appreciated to N1,120 per dollar at the parallel section of the foreign exchange (FX) market. The
The Nigeria Customs Service (NCS) has adjusted the foreign exchange (FX) rate for its tariffs and duties to N1,246 per
The Central Bank of Nigeria (CBN) has directed all banks to stop the use of foreign currency-denominated collaterals for naira
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says law enforcement agencies are investigating $2.4 billion unverified foreign
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has kicked against the lifting of the foreign
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