The Nigerian Naira exchange rate to the United States Dollar remained at a record low ahead of the Central Bank of Nigeria (CBN) monetary policy decision...
The Central Bank of Nigeria (CBN) has issued a stern warning to banks and other authorized foreign exchange dealers against the continued rejection of old series...
The Nigerian naira continues its downward spiral, making its ninth consecutive day of depreciation against the US dollar and the worst-performing currency in the first half...
In the aftermath of the first US presidential debate, the dollar saw an uptick in Asian trading on Friday as markets perceived former President Donald Trump...
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 Central Bank of Nigeria (CBN) has issued a directive ordering Deposit Money Banks (DMBs) to divest their surplus dollar holdings by February 1, 2024. This...
The dollar made modest gains on Thursday, but it still faces the prospect of marking its most significant monthly decline in a year. This trend is...
The US dollar extended its decline, reaching the lowest level since early August as swap traders increased bets on a Federal Reserve interest rate cut as...
Global Markets React to Growing Confidence in Fed's Cautious Stance
The Investor & Exporter (I&E) forex window recorded a surge in dollar turnover by 46.69% to $123.25 million on Monday from $84.02 million reported on Friday....