The Central Bank of Nigeria (CBN) has disclosed that domestic transactions on foreign cards will no longer be charged in dollars. CBN Governor, Godwin Emefiele, made this known during a virtual launch
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The network hardware of Starlink, an internet provider firm owned by billionaire, Elon Musk, will cost Nigerians $600 to own, the company revealed in a statement. To acquire the network hardware, Starlink
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Ghana’s currency, cedi, has been rated the worst performing currency in the world, as the legal tender continues to suffer depreciation in value against the United States dollar in 2022. In the
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CBN’s Move To Defend Naira Against Dollar Affects External Reserves, Drops $337 million In Two Weeks
The Central Bank of Nigeria (CBN) has taken foreign exchange out of the external reserves to defend the naira against the dollar, resulting to the reserves depleting by $337 million. According to
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The United States currency, Dollar, and that of Nigeria, Naira, held tight to their ground on Friday, trading at the same previous rates across the official foreign exchange market, Investors & Exporters
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The Nigerian currency, Naira, fell to the dollar on Wednesday, in the black market segment of the foreign exchange channels, depreciating by -0.2% at the end of trading activities in the peer-to-peer
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The Association of Bureaux De Change Operators of Nigeria (ABCON) has urge the Central Bank of Nigeria (CBN) to partner with the group in order to end multiple exchange rates, as rise
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The cost of exchanging naira to dollar increased on Thursday in the black market, as the value of the Naira continues to move in different paths across the peer-to-peer segment and the
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The decline of naira continued on Monday, as the Nigerian legal tender slid to an all-time low of 527 against the dollar at the parallel market. On Friday, the local currency, which
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Naira appreciated against the dollar at the parallel market late on Monday as commercial banks set up foreign exchange teller points for customers in line with the directive from the Central Bank
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