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The naira has dropped to N748 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black or street market. The...
Again, the naira, on Wednesday, weakened against the dollar at the parallel section of the foreign exchange market. It was gathered that the local currency depreciated...
The Central Bank of Nigeria (CBN) has explained that the statement made by its governor, Mr. Godwin Emefiele, regarding the purchase of dollars with naira during...
The pressure on the foreign exchange market keeps growing, with the dollar exchanging at N615 at the parallel market in Lagos and Abuja. This is even...
The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the Importers...
Nigerians traded at least N316.9bn in bitcoin in 2021 despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in the nation’s banking system. Last February,...
To stem the steady fall of the naira against the dollar, the Federal Government has been advised to as a matter of urgency put an end...
The lingering foreign exchange scarcity in the country has continued to worsen even as the exchange rate on the parallel market is inching towards N590/$1. The...
The Central Bank of Nigeria has said it will pay exporters N65 for every $1 sold into the economy through the Investors &Exporters window. The CBN...
Investor fears about the likelihood of faster than expected interest rate hikes by the US Federal Reserve drove down risk markets such as equities while the...
