As the Nigerian Naira continued to rebound from its record low against its global counterparts, the nation’s foreign exchange reserves has been on the decline, according...
The Nigerian Naira declined further against the United States Dollar on the black market on Wednesday, according to currency traders. The local currency was exchanged at...
Despite the Central Bank of Nigeria’s (CBN) injection of $500 million to address the backlog of verified foreign exchange transactions, the Nigerian Naira plummeted to a...
Nigeria’s naira is poised for its worst year since the return on democracy in 1999, with analysts predicting further depreciation in 2024. The naira plunged 55% this...
Despite recent reassurances by the Central Bank of Nigeria (CBN) regarding the abundant circulation of the naira, reports of currency scarcity have surged across several states...
The Investor & Exporter (I&E) forex window recorded a surge in dollar turnover by 46.69% to $123.25 million on Monday from $84.02 million reported on Friday....
JP Morgan, the prominent global financial services company headquartered in the United States, has released a significant forecast suggesting that the value of the Nigerian naira...
The Nigerian Senate has taken a significant step towards investigating the printing of new Naira notes by the Nigerian Security Printing and Minting Company Plc (NSPMC)...
The Nigerian naira’s exchange rate to the US dollar has remained a cause for concern as the exchange rate hovered around N1000/$1. Earlier this week, Investors...
The Nigerian Naira has once again found itself in the midst of a foreign exchange (FX) market storm as renewed demand pressure caused ripples of concern...