Tag: Exchange Rate

September 27, 2023

The newly appointed Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has outlined his immediate priorities during a ...

Naira Depreciates to N945/$ in the Parallel Market

Nigerian Naira Hits Record Low at 980/$: BDC Operators Condemns Situation

September 21, 2023

The Nigerian naira has continued its alarming descent against the US dollar, plummeting to a new low of 980 naira ...

Naira Depreciates to N945/$ in the Parallel Market

September 14, 2023

The exchange rate between the naira and the US dollar traded for an average of N945/$1 on Thursday, September 14, ...

CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

CBN’s Bold $10 Billion Forex Backlog Resolution: A Gambit Worth Watching

September 11, 2023

The Central Bank of Nigeria (CBN) has set an audacious target - to clear a lingering $10 billion foreign exchange ...

Foreign Reserve and Repatriation of Dollars Triggers Naira Depreciation- RateCaptain Analyst

Naira Plummets to N900/$1 on Black Market Amidst Supply and Demand Pressures

September 12, 2023

The exchange rate between the Nigerian naira and the US dollar has taken a severe hit, sinking to N900/$1 on ...

Banks Release $533.48 Million for Foreign Education through Central Bank of Nigeria.

In a bid to cater to the increasing demand for foreign education, Nigerian banks have disbursed a total of $533.48 ...

EIU Predicts Naira’s Decline to N1,018 per Dollar Amidst Soaring Inflation.

The Economist Intelligence Unit (EIU) has predicted that the pressure on Nigeria's currency, the naira, is likely to persist in ...

CBN To Intervenes in Forex Market, Expects Volatility to Moderate Soon- CBN Governor

The Central Bank of Nigeria (CBN) has announced its intervention in the foreign exchange market, aiming to address the current ...

CBN to Release Full List of Licensed Bureau De Change Operators