Currencies
Naira gains at NAFEX window despite 26.2% drop in dollar supply
The naira appreciated against the US Dollar on Wednesday, 31st March 2021, at the NAFEX window to close at N408.67...
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Nigeria Devalues Currency as It Adopts Flexible Rate
Nigeria adopted a new flexible exchange-rate policy for official transactions in a move that effectively marks the third devaluation of...
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Crypto dollar won’t replace cash – US Federal Reserve Chief
Jerome Powell, the leader of the world’s most powerful bank has recently disclosed that upcoming central bank digital currencies would...
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Diaspora remittances are down 61% YoY highlighting need for CBN’s Naira4Dollar promo
The Central Bank of Nigeria announced on Friday that it was offering a Nara4Dollar initiative that will reward anyone who...
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Naira crashes to record low at NAFEX as low dollar supply persists
The exchange rate between the naira and the US Dollar closed at N411.63/$1, a 3 months record low, at the...
Read moreExchange rate gains at NAFEX window as external reserve plunges further
The exchange rate between the naira and the US Dollar closed at N409.2/$1 at the Investors and Exporters window. Naira...
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