The naira on Thursday depreciated to its worst ever since the negative trend began. At the parallel market, it reads 1,050/$ due to the shifting of the CBN Monetary Policy Committee meeting.On Wednesd...
Bloomberg reports that Nigeria's Finance Minister, Olawale Edun, announced that the fall in the naira was because of the overdue forward payments in the foreign exchange, which totaled $6.8 billion.&n...
On Wednesday, Naira depreciated against the dollar both at the official and parallel market in the foreign exchange (FX) market. The devaluation was a result of the high demand for the dollar.The nair...
It's not up to a week after the apex governor had a closed-door meeting with President Tinubu in the Presidential Villa on ways to stop the naira from devaluation. After the meeting with the President...
On August 17th, 2023, the unofficial market for currency exchange in Nigeria displayed further positive movement in the naira-dollar exchange rate. Similarly, the official Investors and Exporter...
Despite all efforts by Tinubu’s administration to make the naira stand strong against the dollar, it has been losing value almost every two weeks. With this, the Central Bank of Nigeria (CBN) is put...
The fall of the naira in both the parallel and official markets on Thursday was a result of the high demand for the dollar, which extended the difference between the two windows to more than N150.At t...
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Federal Government to halt the activities of Binance within the nation. This call comes after the association recognized...
Google and Verve, the prominent Nigerian payment card brand, have partnered up to enable effortless app purchases on the Google Play Store for Nigerian users. The local currency, Naira (₦), will ...
The financial tango between the Nigerian Naira and the US Dollar has taken a bewildering turn on the black market, with exchange rates soaring to unprecedented heights. As the stage is set for this cu...