Foreign exchange market

Analyst Expresses Optimism That Nigeria’s Economy Won’t Witness Forex Instability In 2024

Economic experts have continued to express optimism that Nigeria's economy is on the path to recovery and won't witness the… Read More

2 weeks ago

CBN Pays Out Additional $400m To Settle Forex Backlog

The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, on Tuesday, disclosed that the CBN has paid out an additional… Read More

2 months ago

Forex Crisis: Go After Powerful Forces In Parallel Market Strangulating Naira, Don Tells Nigerian Govt

Professor of Economics, Sam Olofin, has charged the Nigerian government to fish out and prosecute those he called “powerful operators”… Read More

2 months ago

Unprecedented Naira Depreciation As Black Market Rate Hits N1000/$1 In Q3 2023

Nigeria's currency, the Naira, experienced a significant depreciation during the third quarter of 2023, with the unofficial market rate plummeting… Read More

7 months ago

Dollar Rate Falls, Investors, Exporters Trade $125.66m Foreign Exchange

In the official market, the Dollar rate depreciated by N0.33 kobo, indicating the Naira’s value in the Investors and Exporters… Read More

1 year ago

Dollar To Naira Exchange Rate: Traders Increase Dollar Price In Official Market, BDC Operators Drop Theirs

September 27, 2022 Dollar Rates Update: The Naira fell in the official foreign exchange market, Investors and Exporters window, on… Read More

2 years ago

Bureau De Change Operators Provide CBN With Solutions To Save Naira

The Central Bank of Nigeria (CBN) has been urged by the Association of Bureaux De Change Operators of Nigeria (ABCON),… Read More

2 years ago

Black Market Dollar To Naira Exchange Rate: Dollar Finally Falls In Black Market After CBN Outburst

July 29, 2022 Dollar Rate Update: The naira depreciated in the official foreign exchange market on Friday, losing N2.80kobo in… Read More

2 years ago

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