Tunde Lemo has said arresting Bureau De Change Operators (BDcs) suspected to be hoarding U.S. dollars will only worsen the nation's economic position.
Persistent dollar scarcity amid economic uncertainties ahead of the 2023 general elections continues to drag on Nigeria's foreign reserves.
The Nigerian Naira is overvalued by 200% compared to most global currencies that are undervalued.
The Naira was exchanged at N700 for a United States Dollar at the black market while operators of that section of forex bought the U.S. Dollar...
The Nigerian Naira declined further against the United States Dollar at the Central Bank of Nigeria's (CBN) section of foreign exchange on Wednesday.
The Nigerian Naira traded at N610 to a United States Dollar at the parallel market popularly known as the black market in Ibadan, Oyo state on...
The United States Dollar (USD) exchange rate to European common currency (Euro) was the exact same in the early hours of Tuesday for the first time...
British Pound lost its early gains against the United States Dollar after Prime Minister Boris Johnson resigned on Thursday.
The United States Dollar pulled back slightly on Thursday after hitting a 20-year high on the back of rising interest rates and global demand for haven...
British Pound sustained its decline against the United States Dollar and other global counterparts on Wednesday after five additional British lawmakers resigned their positions in protest...
