Dollar Exchange Allegedly at N900/$ in Abuja
This morning, reports emerged of unprecedented chaos at the popular Bureau De Change (BDC) spots in Zone 4, Abuja. According ...
Tag: dollar
CBN Orders BDCs to Sell Dollar at N1,269/$ as Naira Maintains Steady Appreciation
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
US-based investment bank Goldman Sachs has forecasted an optimistic outlook for the Nigerian currency, the Naira, predicting it will appreciate ...
Naira Strengthens as Banks and Forex Traders Sell Dollar Below N1,600
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
The US dollar has experienced a significant decline against the Nigerian naira on the cryptocurrency exchange platform Binance, sparking considerable ...
Dollar Retreats as Bitcoin Surges, Yen Gains on Inflation Data
On Tuesday, the dollar experienced a decline as investors awaited crucial U.S. economic data that would offer insights into the ...
FX Crisis: Examining FX Manipulation, Crypto Platforms, and Regulatory Response
The Nigerian economy is currently facing significant challenges, particularly with the ongoing FX crises and the depreciation of the Naira. ...
Banks Sell $172 Million as CBN and EFCC Combat Currency Speculators
In a bid to curb the activities of currency speculators and stabilize the exchange rate, Nigerian banks have sold approximately ...
Naira Resilience: Forex Sales Dip as Demand Surges
In a week marked by fluctuating forex dynamics, the Nigerian Naira showcased its resilience amidst shifting market conditions. Despite a ...
Naira Hits Historic High Against US Dollar Trading at N1610/$
In a significant development, Nigeria's currency, the Naira, soared to a historic high against the US dollar, reaching N1,607 in ...
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