Fitch Ratings Inc. has highlighted a growing divergence between the official and parallel market exchange rates of the Nigerian naira, signaling potential challenges in stabilizing the...
The former Acting Governor of the Central Bank of Nigeria, Adebisi Shonubi, promised to clear the foreign exchange backlogs within ‘one or two weeks.’ However, two...
Nigeria’s President Bola Tinubu brought his message of optimism to the New York Nasdaq exchange this week, calling on investors to “be confident in Nigeria.” However,...
Financial trading is a thrilling but challenging endeavor. While there are no guarantees in the world of finance, adhering to some fundamental principles can significantly improve...
Guaranty Trust Holding Co., the parent company of Guaranty Trust Bank, has exceeded all forecasts by revealing a $468 million windfall from its foreign exchange holdings....
In a recent interview on Africa Independent Television (AIT), Hassan Mahmud, the Director of the Monetary Policy Department at the Central Bank of Nigeria (CBN), responded...
The Central Bank of Nigeria has taken a significant stride toward enhancing the Bureau De Change (BDC) segment of the foreign exchange market by introducing an...
Economist Intelligence Unit Predicts Bleak Outlook for Naira Exchange Rate by 2027
This decision aims to inject liquidity into the Investors & Exporters (I&E) foreign exchange market, according to a reliable source familiar with the matter.
The suspicion is that Nigeria's external reserves are much less than what the CBN reports. The level of opacity is alarming and is a real drag...