Nigeria’s naira has plummeted to a record low of N1600 per dollar, even as the Central Bank of Nigeria (CBN) implements new measures to stabilize the...
The Central Bank of Nigeria (CBN) has announced the commencement of a retail dollar auction to address the growing unmet foreign exchange (forex) demand. This move...
The Naira appreciated by N9.93 against the United States dollar on Monday to N1,607.15 at the official market. This gain represents a 0.61 percent increase from...
The naira further depreciated against the dollar on Monday as challenges in Nigeria’s foreign exchange market persist. According to data from the FMDQ, the naira weakened...
The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of July 25th, 2024 stood at...
Foreign exchange inflows into Nigeria surged by 38.86% to $1.07 billion in the first quarter of 2024, according to the Central Bank of Nigeria’s (CBN) latest...
The Central Bank of Nigeria (CBN) has resumed the sale of foreign exchange to eligible Bureau De Change (BDC) operators. The decision was after Naira dipped...
Nigeria’s foreign exchange (FX) inflows have surged by 57% over the past year, signaling newfound stability for the Naira. Analysts attribute this growth to the Central...
Nigeria’s naira extended its losing streak to a fifth consecutive day as it slipped to its weakest level since March despite the Central Bank of Nigeria’s...
Zimbabwe must take decisive steps to reduce its reliance on the US dollar and promote the use of its own currency, according to Information Secretary Nick...
