Naira In Free Falls , Trades N707/1$ At Parallel Market, As Pounds Falls To Lowest Against Dollar Since 1985.
The Nigerian naira, at close of trading on Wednesday, depreciated to N707 per dollar at…
Peter Obi Calls For End Of CBN Fixed Exchange Rate Regime, Promise To Boost Fintech Start-ups.
Popular Nigerian presidential election candidate of the country's labour party, Peter Obi, said that the…
“Set Naira Free” Expert Tells CBN, Says Naira Is Overvalued By 200%.
The Managing Director of Financial Derivatives Company Limited (FDC), Bismarck Rewane in an interview earlier…
Posted inNEWS
Central Bank of Nigeria Urged To Allow Naira To Trade Freely And Remove The Fixed Exchange Rate.
The Central Bank of Nigeria should without delay discontinue the fixed exchange rate system and…
Posted inRegulations Trading
Nigeria’s EFCC Raids Forex Traders Over Naira Depreciation.
The Nigeria's Economic and Financial Crimes Commission, (EFCC), yesterday raided Wuse Zone 4, Abuja, home…
Posted inNEWS
Naira Falls To N622 ON P2P, Due To Scarcity At Official Market.
Nigeria’s currency, Naira on Monday depreciated to N622 per dollar at the peer to peer…
Posted inNEWS
Nigeria To Resume Foreign Exchange Sales to Banks
The Central Bank of Nigeria has resumed the sale of foreign exchange, forex, to banks…
Posted inNEWS
Naira Heading Above N600/ $1 In P2P Market , As Dollar Appreciates In Global Forex Market
Nigeria local currency Naira opened at N600.00 per $1 at the parallel market otherwise known as the…
Posted inNEWS
Naira Drops At N580 To A Dollar At Black Market Today As Forex Demand Grows.
The exchange rate at the parallel market fell on Monday to close at N580/$1, representing…
Posted inNEWS
Nigeria Forex Woes Continues As Importers Resort To Ghana For Forex.
Concerns are growing among stakeholders in the importation sector in Nigeria overCentral Bank of Nigeria’s…
Posted inNEWS
CBN To Stop Sale of Forex To Banks.
The Central Bank of Nigeria has announced plans to end the sale of Forex to…