The continued appreciation of the naira against the United States Dollar has triggered a wave of losses in the foreign exchange (FX) market with traders in...
The US dollar surged on Tuesday after President Donald Trump announced plans to impose tariffs of up to 25% on imports from Canada and Mexico starting...
The US dollar rose on Monday to a 14-month high against a basket of major currencies during the Asian trading session. This surge in US dollar...
The ruling All Progressives Congress (APC) and the Labour Party (LP) have commended lawmakers at the National Assembly for their consideration of a bill sponsored by...
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...