The Nigerian Naira has continued to depreciate, with the exchange rate falling to N1,435 per dollar in the parallel market …
Read More »Tag Archives: forex market
Naira Surges to N1,290 Per USD: Positive Impact of CBN’s Interest Rate Hike
The Nigerian Naira has shown significant appreciation against the US dollar, trading at N1,290 per USD on Tuesday, March 27, …
Read More »Nigerian Naira Appreciates Against Dollar in Official Market
The Nigerian Naira has seen a slight increase in value against the Dollar in the official market on Friday, trading …
Read More »Oil Marketers Call for Dedollarisation of Downstream Supply Chain
In a media forum organized by the Major Energies Marketers Association of Nigeria (MEMAN), the group called for the dedollarisation …
Read More »BDCs to Sell US Dollars at N1,314.01/US$ as CBN Mandates New Forex Policy
The Central Bank of Nigeria (CBN) has taken a decisive step to bridge the gap in the official and unofficial …
Read More »Nigeria’s Foreign Reserves Surge to $34 Billion: CBN Governor Olayemi Cardoso Announces Zero Tolerance for Non-Compliance
In Nigeria’s Forex market, the Central Bank of Nigeria (CBN) Governor Olayemi Cardoso announced that the country’s foreign reserves have …
Read More »Speculators Resist CBN’s Forex Market Reforms, Says FG
The federal government has announced that the Central Bank of Nigeria’s (CBN) efforts to reform the foreign exchange (FX) market …
Read More »Corrupt Politicians Responsible for Naira Downturn, Says Ex-Bauchi Gov, Yuguda
In a recent conference on tackling poverty in Northern Nigeria, organized by Arewa New Agenda (ANA), former governor of Bauchi …
Read More »CBN Under President Tinubu Hikes Customs Duties Three Times in 2024: A Closer Look
The Central Bank of Nigeria (CBN) under President Bola Ahmed Tinubu has increased the Customs duties exchange rate for the …
Read More »