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The Federal Government has announced that sales of crude oil to Dangote Refinery and other local refineries will start on October 1, 2024. Finance Minister and...
…Says Transactions Now To Be done In Local Currency In order to relieve the pressure on foreign exchange and check the volatility in the price of...
The naira depreciated further on the official market yesterday, closing at N1,490.20/$1 compared to N1,485.53/per dollar, on Friday, data from FMDQ shows. According to forex traders,...
Oluwo of Iwo, Oba Abdulrosheed Adewale Akanbi, has related the hike in naira-dollar exchange rate to dollar scarcity in the market and blamed it on Nigerians...
Human rights activist, Mike Ozekhome, says the Dollar may exchange for N4000 by the end of 2024 should the Naira keep falling against the Dollar at...
Nigeria’s local currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market. A Bureau de Change operator at Wuse Zone...
The naira fell to a new all-time-low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market on Monday. This indicates a loss of 3.93 per...
The naira plunged further at the official window on Tuesday, closing at an all-time-low of N1,482 against the United States dollar. The local unit had closed...
The three tiers of government recorded N1.05 trillion in income from exchange rate gains into the Federation Account, in nine months to September 30th, 2023, triggered...
The Central Bank of Nigeria says it is investigating collusion between the banks and Point-of-Sale operators over the lingering cash scarcity in the country. It said...
The naira has maintained its downward trend as scarcity of the dollar bites harder, findings by The PUNCH have revealed. At the parallel market, naira commenced...
Nigeria’s currency, the Naira, slumped to N900 against the Dollar at the parallel market on Wednesday. Ahmed Gazali, a Bureau De Change Operator, confirmed the rate...
The question in the minds of Nigerians today is why is the Naira depreciating or why is the exchange rate of the dollar rising rapidly? This...
The Naira on Tuesday appreciated against the dollar, exchanging at N791.42 at the Investors and Exporters window. According to NAN, the Naira gained by 0.08 per...
The naira appreciated against the United States dollar on the Investor & Exporter forex window on Wednesday, closing at 793.70/$. The local currency had earlier traded...