CBN Releases $500 Million to Tackle Forex Transaction Backlog
The Central Bank of Nigeria (CBN) has taken a significant step in addressing the backlog of verified foreign exchange transactions ...
Tag: forex
Nigeria Faces Debt Servicing Challenges in 2024 Amid Forex Market Volatility: PwC
A recently released report from Price Waters and Coopers (PwC) has raised concerns about Nigeria's ability to manage its debt ...
Naira Appreciates to N891.90/$1 at Official Market
Naira recorded a significant gain against the United States Dollar at the official market on Friday, January 26, 2024. The ...
Naira’s Value Declines in P2P and Black Markets Despite FX Liquidity Boost
Despite efforts by Nigeria's central bank to inject liquidity into the official market and clear significant foreign exchange backlogs, the ...
Euro Challenges 1.1000 Against US Dollar Amidst Uncertain Monetary Policies.
The Euro faced resistance beyond the 1.1000 mark against the US Dollar on Wednesday, prompting a retreat to the 1.0990 ...
Naira Plunges to 1,030/$ on Parallel Market After Recent Surge
The Nigerian Naira took a sharp plunge against the US Dollar on Monday, reaching an average exchange rate of 1,030 ...
Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows
The Nigerian naira has experienced a boost as the Federal Government unveils the sources of an anticipated $10 billion forex ...
GTBank Launches Groundbreaking Forex Product, Disrupting Black Market.
In a move set to revolutionize the foreign exchange market, GTCO, the parent company of GTBank, has launched a new ...
Nigeria’s Airfares Soar as Exchange Rate Hits N702 per Dollar.
Airfares in Nigeria to various international destinations have witnessed a significant surge as the exchange rate for ticket pricing has ...
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