Tag: Forex Market

In a pivotal move, the Central Bank of Nigeria (CBN) has officially prohibited banks and financial technology companies (fintechs) from ...

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 uncovered instances of infractions, gross abuses, and non-compliance with foreign exchange market regulations. ...

The Nigerian naira experienced a further decline against the US dollar on Wednesday, January 17th, 2024, both at the official ...

The Nigerian Naira continued its upward trajectory against the US Dollar on Monday, marking the third consecutive gain in the ...

In response to ongoing challenges posed by foreign exchange scarcity, the Central Bank of Nigeria (CBN) has announced an extension ...

In a significant turn of events, the Nigerian naira witnessed a remarkable recovery against the dollar on Monday, December 4, ...

In a concerning economic development, the Nigerian Naira started a new low on Monday, opening at N927.19 per dollar in ...

The Nigerian economy faces persistent structural challenges that hinder the naira from capitalizing on the recent decline of the US ...

Honeywell Flour Mills Plc, a prominent flour milling company in Nigeria, has faced substantial foreign exchange losses amounting to ₦8.64 ...