Federal Government Raises Exchange Rate for Cargo Clearance to N1,356/$
The Federal Government, through the Central Bank of Nigeria (CBN), has increased the exchange rate for cargo clearance from N952/$ ...
Tag: Naira
Rising Costs, Currency Devaluation, and Policy Changes Dampen Nigerian JAPA Dreams
Nigeria is currently experiencing one of its worst socioeconomic crises in decades, coupled with widespread insecurity. The rising food prices ...
Revelation: Nigeria Lifts Forex Caps to Attract Billions from Residents Abroad
Nigeria's central bank has recently implemented a series of pivotal reforms aimed at unlocking the vast potential of remittances from ...
Naira Surges Overnight: Jumps from 1550 to 1400 Against the Dollar – Reasons Behind the Surge
In a surprising turn of events, the Nigerian Naira has undergone a notable resurgence in the foreign exchange market, swiftly ...
CBN Directs Banks to Sell Excess Dollar Holdings Within 24 Hours
The Central Bank of Nigeria (CBN) has issued a directive ordering Deposit Money Banks to sell their surplus dollar holdings ...
CBN’s Bold Move: See what would happen to your dollar
The Central Bank of Nigeria (CBN) has recently unleashed a transformative circular, titled "Harmonisation of Reporting Requirements on Foreign Currency ...
Naira Hits All-Time Low Against Dollar as Experts Warn of Economic Fallout
The Nigerian naira witnessed a significant decline, reaching an unprecedented low of N1,482 against the United States dollar at ...
Naira Hits Record Low, Trading at N1348.63/$ on Official Market
The Nigerian Naira reached an unprecedented low of N1348.63 against the US Dollar on the official Nigerian Autonomous Foreign Exchange ...
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 Records to Historic Low of N1,410 Against the Dollar
Naira has tumbled to a record-breaking low, reaching N1,410 against the US Dollar. This significant depreciation, marking a 3.29% decline ...
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