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
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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) …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
