Nigeria’s external reserves, also known as foreign currency reserves, jumped by $490 million in one week following the successful issuance of domestic dollar bonds by the...
With three months left before the deadline set for Bureau De Change (BDC) operators to meet new capital requirements, compliance remains elusive as operators cite stringent...
Despite Nigeria’s external reserves growing by 8.36% in the past year following the surge in remittances and international financial inflows, the naira continues to lose value...
As the US Federal Reserve signals potential interest rate cuts, there is growing optimism that Nigeria’s struggling naira could receive a much-needed boost. The Federal Reserve...
As of August 26, 2024, the dollar to naira exchange rate on the black market, also known as the parallel market or Aboki FX, is reported...
Nigeria’s foreign exchange (FX) market surged in turnover to ₦110.35 trillion in the first seven months of 2024. This increase represents a 171.46% growth from the...
As of August 20, 2024, the dollar to naira exchange rate on the black market, also known as the parallel market or Aboki FX, is reported...
The persistent weakening of the naira and the volatility of the foreign exchange market have been attributed to the inconsistent dollar allocations by the Central Bank...
The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of August 19th, 2024 stood at...
The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of August 16th, 2024 stood at...