Currencies

Nigeria's central bank has successfully settled the entire foreign exchange forwards liability of 14 banks, marking a significant step towards...

The Central Bank of Nigeria (CBN) has uncovered instances of infractions, gross abuses, and non-compliance with foreign exchange market regulations....

The Nigerian naira experienced a further decline against the US dollar on Wednesday, January 17th, 2024, both at the official...

Former President Muhammadu Buhari has reignited the discourse surrounding the controversial naira redesign policy and the tenure of Central Bank...

Naira recorded a further depreciation against the US Dollar on Tuesday, January 16, 2024, reaching a new low of N1300/$...

Naira remained stable within its lower range on both the Peer-to-Peer (P2P) market and the black market, while the U.S....

Despite efforts by Nigeria's central bank to inject liquidity into the official market and clear significant foreign exchange backlogs, the...

The Nigerian Naira continued its upward trajectory against the US Dollar on Monday, marking the third consecutive gain in the...

The Central Bank of Nigeria (CBN) has disbursed approximately $61.64 million to foreign airlines through various banks. This initiative is...

In a race against time to ease the stranglehold of a forex crisis, Nigeria's Central Bank has reportedly paid nearly...