Foreign Exchange

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

In the first half of 2022, the Central Bank of Nigeria (CBN) sold $9.4 billion to the foreign exchange market… Read More

1 year ago

Dollar To Naira Exchange Rate: Dollar Rate Falls In Black Market After Independence Day

August 4, 2022 Dollar Rates Update: The cost of buying the United States dollar was down on Tuesday in the… Read More

2 years ago

Nigeria’s Foreign Reserves Drop $2.20 billion, Increases Forex Problem

As at September 29, 2022, Nigeria’s foreign reserves fell to $38.318 billion, further compounding the scarcity of foreign exchange in… Read More

2 years ago

First Bank To Prevent Naira Card Customers From Making International Transactions, Sets New Policy

Customers of First Bank of Nigeria (FBN) will no longer have access to foreign exchange for international transactions through all… Read More

2 years ago

Dollar To Naira Exchange Rate: Dollar Falls In Black Market, Sells At N436.50 In Official Market

September 12, 2022 Dollar Rates Update: The Naira continued its depreciation run on Monday at the Investors and Exporters window,… Read More

2 years ago

Dollar To Naira Exchange Rate: Traders Increase Cost Of Dollar, As CBN’s Intervention Fails To Boost Naira

September 9, 2022 Dollar Rates Update: High demand for dollar and lack of it has seen traders increase the price… Read More

2 years ago

Godwin Emefiele’s CBN Disburses $7.6 billion Amid Dollar Scarcity

Over $7.6 billion has been disbursed into the Nigerian economy by the Central Bank of Nigeria (CBN) in five months… Read More

2 years ago

Delta Airlines To Stop New-York-Lagos Flights Over Trapped Dollars

Delta Air Lines has announced that it will stop operating flights from New York JFK airport to Lagos, stating that… Read More

2 years ago

$600 million Trapped: Emirates Airlines Warns Nigerian Govt, Plans To End Flight Operations

Emirates Airlines have given Nigerian government a condition to resolve the company's inability to access its foreign exchange or the… Read More

2 years ago

Dollar To Naira Exchange Rate: Dollar Sells At N421 As Trade Value Drops

June 27, 2022: Trading at the Investors and Exporters (I&E) window saw an exchange of $152.96 million, falling by $10.02… Read More

2 years ago

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