Customs Duties Exchange Rate Maintains at N1,480/$ Despite Naira’s Depreciation

Customs Raises FX for Duty Collection from N757/$ to N783/$

In a recent development, the exchange rate for customs duties collection has held steady at N1,480 to the US dollar, ...

Naira depreciates to N744/$ in the parallel market.

Naira Continues Decline At N1540/$ Despite Weak U.S. Dollar Index

by Stephen Akudike

May 15, 2024

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The Naira has experienced a further decline in the country’s unofficial foreign exchange market, falling to a new low of ...

EFCC Launches Task Force to Combat Naira Mutilation and Dollarization

EFCC Raids Currency Speculators as Naira Falls to 1,520 per Dollar

by Stephen Akudike

May 15, 2024

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In a significant crackdown, operatives of the Economic and Financial Crimes Commission (EFCC) conducted extensive raids on Bureau De Change ...

BDC Operators Call for Increased Participation in Nigeria’s Foreign Exchange Market.

Naira Records 10% Surge Against Dollar Amid EFCC’s Crackdown on Speculators

by Victoria Attah

April 29, 2024

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The naira experienced a significant turnaround over the weekend, marking a notable gain of 10% against the US dollar. The ...

Naira Surges Against US Dollar, Falls Below N1,000 Mark

Naira Experiences First Weekly Decline in 6 Weeks on Unofficial Market

by Rate Captain

April 22, 2024

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In a deviation from its recent winning streak, the Nigerian naira witnessed its first weekly decline against the American dollar ...

BDC Operators Urge CBN to Lower Exchange Rate Amid Rising Disparities

by Stephen Akudike

April 8, 2024

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The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to ...

Naira Faces Significant Depreciation in Q3 2023, Raising Concerns Over FX Stability

Naira Strengthens to N1,460/$ in the Parallel Market

by Stephen Akudike

March 21, 2024

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In a significant turnaround, the Nigerian naira demonstrated resilience against the United States dollar on Wednesday, experiencing a notable surge ...

Naira Depreciates to N1,602.43/$1 as Binance Pulls Plug on Naira

by Stephen Akudike

March 6, 2024

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The official exchange rate of the Nigerian naira against the US dollar took a hit, ending its three-day winning streak ...

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 ...