Currencies

The Central Bank of Nigeria (CBN) has announced a significant policy change allowing eligible International Money Transfer Operators (IMTOs) to...

The Central Bank of Nigeria (CBN) has recorded a significant increase in direct remittances, with an additional $172 million reported...

The exchange rate between the naira and the dollar has dropped to a six-week low, closing at N1,490.2/$1 on Monday,...

The Nigerian naira demonstrated remarkable stability in the official market, maintaining alignment with Fitch Ratings' projections despite fluctuating within the...

The Naira recorded an appreciable gain in the parallel market on Thursday, trading at N1,485 per dollar compared to N1,490...

The naira has sustained its position within the N1500 per dollar range on the parallel market, despite the U.S. dollar...

In the wake of a significant drop in foreign exchange (FX) turnover, recent data from the FMDQ has shown that...

The World Bank has raised concerns over the effectiveness of the Central Bank of Nigeria’s (CBN) monetary policy tightening in...

The naira exhibited signs of moderate stability as foreign exchange (FX) turnover on the Nigerian Autonomous Foreign Exchange Market (NAFEM)...

Recent data from the Financial Markets Dealers' Quotation (FMDQ) platform has revealed notable fluctuations in Nigeria's foreign exchange market, highlighting...