The Central Bank of Nigeria (CBN) has started focusing on how to better harness Nigeria’s huge diaspora remittances as seen in recent foreign exchange policy geared...
Price of air tickets rose by 100 percent across several routes as rising operating costs, high foreign exchange and surged in service charge forced airline operators...
Vehicles assembling and manufacturing companies operating in Nigeria should brace for a hard time ahead as the Federal Government through the draft 2020 finance bill moves...
Transparent Exchange Rate Can Improve Nigeria’s Diaspora Forex Inflow Experts that gathered at a virtual summit organised by Ecobank Nigeria with a theme, ‘Financial Services &...
FG’s Foreign Inflow Stood at $9.35bn in the Month of February The Central Bank of Nigeria (CBN) said the nation’s foreign exchange inflows stood at $9.35...
1 Dollar to Naira Rate Improves Slightly on the I&E FX Window The Nigerian Naira improved slightly against the US dollar on the Investors and Exporters...
Goldman Sachs Sees Weak Dollar As Economies Reopen Goldman Sachs, one of the world’s leading investment banks, has started taking short positions on the US dollar...
Naira Appreciates as CBN Resumes Dollar Sales to BDCs The Nigerian Naira appreciated by N2 on the parallel market on Wednesday after the Central Bank of...
Dollar Scarcity Continues to Hurt Naira Value, Exchanges at N450/$ The Nigerian Naira declined further at the parallel market on Wednesday as dollar scarcity continues to...
CBN to Devote Available FX to Strategic Importation as Foreign Reserves Declines The Central Bank of Nigeria on Sunday said it would devote available foreign exchange...