Tag: foreign exchange

 In a surprising turn of events, the Nigerian Naira has undergone a notable resurgence in the foreign exchange market, swiftly ...

The Central Bank of Nigeria (CBN) has issued a directive ordering Deposit Money Banks to sell their surplus dollar holdings ...

The Central Bank of Nigeria (CBN) has taken a significant step in addressing the backlog of verified foreign exchange transactions ...

The ongoing depreciation of the naira is expected to result in pharmaceutical product imports costing over N900 billion in 2024. ...

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

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

In a positive turn of events for the Nigerian economy, the domestic currency experienced a 0.17% appreciation, closing at N888.35 ...

The NGX Banking Index, a key benchmark capturing the performance of the banking sector, has witnessed a remarkable surge of ...

In a notable development on Monday, the Nigerian naira recorded a substantial appreciation of 27.16%, closing at N864.29 against the ...

In a mid-week trading session, the Naira faced a decline against the U.S. dollar, hitting N881.88/$1, down from N814.60/$1 on ...