The Central Bank of Nigeria (CBN) has devalued the Nigerian Naira once again despite efforts to caution the apex bank on intermittent devaluation of the local...
Foreign exchange speculators may lose over N100 billion in the next month as the Central Bank of Nigeria (CBN) sustains massive funding for Bureaux De Change...
The dollar hovered around recent lows on Friday and was set to notch a modest weekly drop as traders’ concerns at taper talk in Federal Reserve...
Economic and financial think tanks have said the continuous devaluation of the Nigerian Naira threatens the livelihood of Nigerians and the economy as a whole. This...
Nigerian Naira traded at N484 to a United States Dollar on Tuesday at the parallel market, popularly known as the black market. Against the British Pound,...
The Nigerian Naira opened the week at N484 to a United States Dollar on Monday at the parallel market. The local currency remained stable against the ...
Nigeria’s diaspora remittances declined by 27.7 percent or $4.65 billion from $21.45 billion in 2019 to $16.8 billion in 2020, according to the World Bank Migration...
Nigeria’s Deposit Money Banks (DMBs) have reduced the amount of United States Dollars that customers can deposit into their domiciliary accounts by 50 percent from $10,000...
The Nigerian Naira declined further against the U.S Dollar on Tuesday ahead of the Ramadan holiday to trade at N411.25 to a single U.S Dollar at...
Naira depreciated further at the parallel market on Thursday as the local currency traded at N485 to a United States Dollar. The Nigerian Naira exchanged at...
