The Nigerian Central bank issues a new note and ordered banks to collect all old notes that are currently circulating in an effort to prevent cash hoarding cash. Another reason for the new currency is...
Currency pegging occurs when a government or central bank artificially raises or lowers the value of its currency in relation to the value of another asset rather than letting it continue trading on t...
Monday, February 21, 2022: At the official Investors and Exporters (I&E) window, the naira and the US dollar exchange rate closed at N416.67/$1, marking the first positive movement in the official...
Nigeria's new forex plan aims for $200 billion in inflows Nigeria's central bank has devised a new strategy to entice $200 billion in foreign dire...
According to data from the FMDQ Security Exchange, the naira gained marginally against the U.S. dollar at the Investors and Exporters window of the foreign exchange market on Wednesday, the 31st. Howe...