Foreign Exchange

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

How FX Gain Now Major Source Of FAAC Revenue – Report

Foreign exchange (FX) gains have emerged as a significant revenue source for Nigeria’s Federation Account Allocation Committee (FAAC), according to a recent report by Agora Policy, a think-tank organisation. The report, titled

Emmanuel Ochayi

June 8, 2024

Financial Inclusion Key To Realising Nigeria's $1trn Economy Target - Cardoso

Finance & Economy·News

Why CBN Adopted Market-based Approach In Managing Forex – Cardoso

Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has advanced reasons the monetary authority decided to adopt the policy of allowing market forces determine rates in the foreign exchange market in the

Victor Ezeja

February 22, 2024

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency·Finance & Economy·News

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), said foreign education and medical tourism on have contributed significantly in Nigeria’s foreign exchange (FX) crisis. Cardoso made the revelation when

Victor Ezeja

February 6, 2024

Business·News

World Bank Blames Remittance Diversion On Exchange Rate Woes In Africa

World Bank's latest Migration and Development Brief, titled “Leveraging Diaspora Finances for Private Capital Mobilization,” underscores the adverse impact of fixed exchange rates and capital controls on remittance flows in Sub-Saharan Africa.

Emmanuel Ochayi

December 27, 2023

FEATURES·Finance & Economy

Top 15 African Countries With Strongest Currency Exchange Rate

Many African currencies have over the years suffered from weak value in the global exchange market due to dynamics in the economies of the countries. According to an International Monetary Fund (IMF)

Victor Ezeja

August 11, 2023

Finance & Economy

‘Tinubu’s Reforms Will Bolster Econonmic Growth’

A Stakeholder in Nigeria’s Energy Sector and a former Presidential Candidate, Mr. Gbenga Olawepo-Hashim, has indicated that Nigeria may be set for a huge economic growth owing to the current financial and

Victor Ezeja

July 3, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira Falls To Dollar, As Exchange Rate Hits N463.02/$1

The official market ended foreign exchange (forex) trading on Wednesday, 10 May, at N463.02/$1, as the Dollar rate increased by N0.77 kobo. This contrasted with the N462.25 kobo/$1 foreign exchange rate FMDQ Exchange

Fakoyejo Olalekan

May 11, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Dollar Remains Strong Against Naira As Dangote Refinery Set To Free Up Forex

The exchange rate between the Naira and the Dollar settled at ₦462.78/$1 on Monday, 8 May, in the official market, which is backed by the Central Bank of Nigeria (CBN). At the

Fakoyejo Olalekan

May 9, 2023

Business·Currency

Naira Recovery Knocks Down Dollar Rate In Official Market

Dollar rate in official market was down on Tuesday, 2 May 2023, with the Naira recovering from drop reported on Friday, 28 April. Due to the Workers’ Day public holiday on Monday,

Fakoyejo Olalekan

May 3, 2023

Naira Appreciates Against Dollar At Official, Black Market

Business·Currency

Naira To Dollar Exchange Rate Hit N462, MTN, 11 Plc CEOs Lament

The Naira extended its gain against the United States Dollar to the third day of trading in the official market, as the foreign exchange (forex) rate between both currencies closed at ₦462/$1

Fakoyejo Olalekan

April 28, 2023

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

How FX Gain Now Major Source Of FAAC Revenue – Report

Why CBN Adopted Market-based Approach In Managing Forex – Cardoso

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

World Bank Blames Remittance Diversion On Exchange Rate Woes In Africa

Top 15 African Countries With Strongest Currency Exchange Rate

‘Tinubu’s Reforms Will Bolster Econonmic Growth’

Naira Falls To Dollar, As Exchange Rate Hits N463.02/$1

Dollar Remains Strong Against Naira As Dangote Refinery Set To Free Up Forex

Naira Recovery Knocks Down Dollar Rate In Official Market

Naira To Dollar Exchange Rate Hit N462, MTN, 11 Plc CEOs Lament

Featured Stories

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe [Editorial]

IMF Warning: What Nigeria Must Do To Take Control Of Its Economy

Naira Vs Dollar: What To Expect This Week (5th-9th, May 2025)

Crude Oil Price Drop Below $60 Heightens Concerns For Weaker Naira, Wider Budget Deficit

Latest News

CBN Unveils Non-Resident BVN, Strengthens Ties With Nigerians Diaspora

Interest On Deposits Cuts Into UBA’s Earnings

Naira Further Appreciates At Official Market

Wale Tinubu Loses N77bn In Five Months As Oando Struggles To Attract Investors

APC Campaign Council

Categories

Suggestions

Foreign Exchange

Follow Us

Featured Stories

Latest News

APC Campaign Council

Categories