Central Bank Faces Challenges as Naira Hits 876/$ in Parallel Market
Traders Brace for Volatility as Major Central Banks Prepare for Key Meetings
The official exchange rate showed a positive trend as it rose from N803.9 per dollar on Friday while the parallel market rate stood at N820 per...
The local currency traded at N803.9 to a dollar in the Investors & Exporters (I&E) window, which serves as the official forex market, and N822/$ in...
CBN's move to introduce Naira remittance pay-outs alongside foreign exchange seeks to boost Nigeria's economy
Banks Embrace Digital Transformation: Mobile Apps and Internet Banking Disrupt Foreign Currency Exchange, Challenging Black Market Trading
The exchange rate has reached over N1000 to £1, leaving many Nigerians worried about the future of their currency.
As of July 11th, 2023, the dollar to naira exchange rate is 1 USD to 800 NGN at the black market. This means that for every...
As of July 7th, 2023, the dollar to naira exchange rate is 1 USD to 780 NGN at the black market. This means that for every...
This decision aims to inject liquidity into the Investors & Exporters (I&E) foreign exchange market, according to a reliable source familiar with the matter.
