Naira Appreciating Faster Than Expected: BDCs Buying Dollars at N980/$, ABCON Confirms

Naira depreciates to N755/$ in the parallel market.

In a notable development for Nigeria's foreign exchange market, the Association of Bureau De Change Operators of Nigeria (ABCON) has ...

Dollar Firm as Tensions Rise in Middle East, U.S. Rate Hike Expectations Intact

by Jide Omodele

April 15, 2024

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Amidst escalating tensions in the Middle East and the anticipation of stubbornly high U.S. interest rates, the dollar remained firm ...

Naira appreciates to N765/$ in the parallel market.

Naira Strengthens, Trading Below N1000 Against Dollar at Certain Segment of the Market

by Stephen Akudike

April 15, 2024

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In the face of escalating geopolitical tensions and increased demand for safe-haven assets triggered by an Iranian strike on Israel, ...

Naira-Dollar Exchange Rate Plummets to Lowest Ever at N803/$1

Naira Sustains Bullish Stance Despite Dollar’s Aggressive Gains

by Stephen Akudike

April 12, 2024

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Amidst the dollar's recent robust performance, the Nigerian naira steadfastly maintained its bullish trajectory this week, bolstered by lingering concerns ...

Naira Hits N430.33/$1 at the Investors and Exporters (I&E) Window as Demand for the Greenback Remains Unmet

Naira Surges Against Dollar: Hits N1278.58/$1 at Official Window, N1250/$1 on Parallel Market

by Stephen Akudike

April 3, 2024

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The naira witnessed a notable surge against the US dollar during Tuesday's trading session, marking significant gains both at the ...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Dollar Exchange Allegedly at N900/$ in Abuja

by Stephen Akudike

March 27, 2024

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This morning, reports emerged of unprecedented chaos at the popular Bureau De Change (BDC) spots in Zone 4, Abuja. According ...

CBN Lifts Forex Ban on Importation of Milk and Dairy Products

CBN Orders BDCs to Sell Dollar at N1,269/$ as Naira Maintains Steady Appreciation

by Stephen Akudike

March 26, 2024

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The Central Bank of Nigeria (CBN) has instructed Bureau de Change (BDC) operators to sell the dollar at a rate ...

Goldman Sachs Predicts Naira to Trade at N1200 Against the Dollar in 2024

by Stephen Akudike

March 11, 2024

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US-based investment bank Goldman Sachs has forecasted an optimistic outlook for the Nigerian currency, the Naira, predicting it will appreciate ...

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

Naira Strengthens as Banks and Forex Traders Sell Dollar Below N1,600

by Stephen Akudike

March 1, 2024

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The Naira experienced a varied performance against the United States dollar in the foreign exchange markets, with gains noted in ...

Dollar Crashes Against Naira on Binance Trading at N1,415/$ Amid CBN Directives to BDCs

by Stephen Akudike

February 28, 2024

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The US dollar has experienced a significant decline against the Nigerian naira on the cryptocurrency exchange platform Binance, sparking considerable ...

Tag: dollar