To stabilize the Nigerian economy and address the distortion in the retail segment of the foreign exchange (forex) market, the …
Read More »Tag Archives: forex
Governor Oborevwori Urges Federal Government to Revitalize Refineries
Delta State Governor, Hon. Sheriff Oborevwori, has called on the federal government to expedite action in revitalizing the nation’s refineries. …
Read More »Petroleum Marketers Deny Pump Price Adjustment Despite Exchange Rate Improvement
Petroleum product marketers and other operators in the downstream sector have denied rumors of a downward adjustment in the pump …
Read More »CBN Resolves $7 Billion Forex Backlog, Boosting Nigeria’s External Reserves to $34.11 Billion
The Central Bank of Nigeria (CBN) has announced the successful clearance of a $7 billion foreign exchange (FX) backlog, which …
Read More »House of Representatives Urges NAFDAC to Lift Ban on Sachet Alcohol
The House of Representatives has called upon the National Agency for Food and Drug Administration and Control (NAFDAC) to abide …
Read More »Naira Plunges to N1,600/$ in Parallel Market, US Dollar Hits Six-Week Low After Jobs Report Release
The Nigerian Naira experienced a significant depreciation at the parallel section of the foreign exchange market on Friday, reversing its …
Read More »CBN Approves 1.9% Reduction in Customs Forex Duty Rate
The Central Bank of Nigeria (CBN) has approved a reduction of 1.9% in the Customs Foreign exchange duty rate for …
Read More »5 Key CBN Circulars that Stabilized the FX Market: A Comprehensive Analysis
In the past few weeks, the Nigerian economy has been facing a significant challenge with the precipitous depreciation of the …
Read More »Naira Value Drops Against US Dollar in Forex Market
The Nigerian currency, the Naira has experienced a significant depreciation against the US dollar in the foreign exchange market. The …
Read More »Naira depreciates against Dollar at forex market
Nigeria’s currency, the naira, lost value against the US dollar on Monday at the foreign exchange market. Official data from …
Read More »