Currencies

The Central Bank of Nigeria (CBN) has taken a significant step in addressing the backlog of verified foreign exchange transactions...

The Nigerian motor vehicle import sector experienced a substantial 32% decline in 2023, reflecting the ongoing challenges of a Forex...

Naira recorded a significant gain against the United States Dollar at the official market on Friday, January 26, 2024. The...

Naira has tumbled to a record-breaking low, reaching N1,410 against the US Dollar. This significant depreciation, marking a 3.29% decline...

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced proactive measures to stabilize the Naira exchange...

Naira experienced a remarkable rebound at the official Investors and Exporters (I&E) Window on Tuesday, marking a significant turnaround from...

Nigeria's foreign exchange (forex) reserves have experienced a notable increase, reaching $33.25 billion, driven by optimism regarding potential surpassing of...

Fitch, a prominent global credit rating agency, has highlighted that the Central Bank of Nigeria (CBN) continues to grapple with...

The foreign exchange (forex) landscape experienced a notable shift as forex turnover witnessed a 17.36% decline to $145.89 million. This...

Foreign airlines have repatriated a total of N795.48 billion ($1.76 billion converted at N451/$) from Nigeria in the first and...