South Africa’s currency, the rand, surged against major currencies as Finance Minister Enoch Godongwana announced the country’s decision to tap into its reserves to tackle its...
A recent report released by the Central Bank of Nigeria (CBN) has indicated a notable decline in the amount of currency held outside banks, dropping to...
As of February 21st, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,820 NGN in the black...
Amidst mounting concerns over the depreciation of the Nigerian naira against the dollar, the Federal Government has unveiled plans to raise $10 billion to bolster liquidity...
As of February 20th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,710 NGN in the black...
The Nigerian Naira extended its decline to a record-low of N1,730 against the United States Dollar on the parallel market. This unprecedented depreciation exacerbates the economic...
As of February 19th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,650 NGN in the black...
On Friday, the Nigeria Autonomous Foreign Exchange Market (NAFEM) witnessed a substantial decline in dollar sales, plummeting to $84.1 million from the previous day’s $331.1 million,...
The Nigerian banking sector experienced a significant downturn in foreign capital inflow in 2023 with figures plunging to $832.64 million, a 60% drop from the previous...
The Nigerian naira has plummeted to an unprecedented low of N1,600 against the US dollar on the black market, a historic milestone in the country’s currency...
