The Central Bank of Nigeria (CBN) has commenced the sale of foreign exchange (forex) to eligible Bureau De Change (BDC) operators at the rate of N125.1 per US dollar. This…
forex
-
-
The Nigerian naira has staged a remarkable recovery against the US dollar in the past week, thanks to a series of policy measures by the Central Bank of Nigeria (CBN)…
-
Nigeria’s currency, the naira, has lost nearly 40 percent of its value against the US dollar in the past three months, sparking fears of more economic woes and job losses…
-
The Economic and Financial Crimes Commission (EFCC) on Thursday stormed the headquarters of Dangote Industries Limited in Ikoyi, Lagos, as part of its ongoing probe into the alleged forex abuse…
-
The Nigerian naira started the year 2024 on a dismal note, losing 8.23 percent of its value against the US dollar at the official market on Tuesday. According to data…
-
Nigeria, Africa’s largest economy, is facing a severe shortage of foreign exchange due to its low export earnings, according to the country’s finance minister. Wale Edun said that the economy…
-
Nigeria’s largest industrial conglomerate, Dangote Industries Limited (DIL), has announced that it has repatriated over $687 million from its pan-African operations to Nigeria, in addition to a $111 million cash…
-
Nigeria’s naira currency has fallen to a new low of N1040 per dollar in the parallel market, where most Nigerians buy and sell foreign exchange. This is according to a…