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U.S dollars, Pounds and other foreign currencies will no longer be accepted for spending and bussiness transaction in Ghana. The Central Bank of Ghana, which disclosed...
Nigeria’s apex bank, Central Bank of Nigeria (CBN) in its intervention strategy has injected another $195million into foreign exchange market, figures released on Tuesday revealed. The...
Nigeria’s currency naira appreciated on Wednesday after it closed at 363 exchanging for United State dollar. Although on the previous day, naira had closed at 346...
With the latest effort of the Central Bank of Nigeria as it bomp fresh $297 million into the interbank foreign exchange market, the country’s currency, naira,...
The Naira on Tuesday appreciated against the dollar at the parallel market. The Nigerian currency gained N2 to exchange at N365 to the dollar, stronger than...
The Central Bank of Nigeria has pumped the sum of $195 million into the interbank market but this has not deterred the naira from depreciating marginally,...
The Nigerian Senate has requested the Central Bank of Nigeria (CBN) to subsidize dollar at N200 for those going for pilgrimage either Isreal or Saudi Arabia....
Naira depreciated on Tuesday to N368 to a dollar in the parallel market as a result of excess demand. Survey showed that exchange rate in the...
Fake Naira notes are mostly used in markets, a new study by NOIPOlls, has revealed. Report of the survey released, yesterday, indicated that 65 per...
By Aliu Fajemiro Seems the return of President Muhammadu Buhari is bringing much positive change to the state of the country, and Naira exchange rate is not...
By Olakunle Adeniyi As exchange rate for greenback currency reached its peak during the week, the Central Bank of Nigeria (CBN) has come with cushion effect to...
*Naira to experience more free fall *experts blames CBN for not intervening By Olakunle Adeniyi Naira has in the last one year suffered depreciation but not...
The naira hit a fresh low on the black market on Friday, quoted at 506 per dollar, as traders tested new levels to try to tempt...
The naira was sold for 485 per dollar on the streets of Lagos and Abuja on Tuesday, three days to the end of the year. Currency...
Dr. Ifeayin Ubah, the Managing Director of Capital Oil and Gas, has offered the President Muhammadu Buhari-led administration what he described as the best possible...
Nigeria currency naira has further fallen to a new low with 414 against U.S. dollar, even as foreign currency is scarce in the country. Economic experts...
The Naira on Friday suffered further loss against the dollar at the parallel market as it lost one point to the U.S. currency, the News...
The Central Bank of Nigeria-CBN’s decision of abandoning the fix exchange rate has yet birthed another huge effect on the nation’s currency Naira. Reports from Investorsking...
Economists on Wednesday advised the Federal Government and the Central Bank of Nigeria to review their policies and introduce measures that would turn around the...
The Naira, on Wednesday, maintained its loss against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports. The Nigerian currency, which lost...
The Naira on Wednesday dipped further against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. It lost 4 points to exchange...
The Naira on Monday weakened slightly against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports. The Nigerian currency shed 1 point...
Manufacturers who had outstanding dollar requests and Letters of Credit (applied for at N197/dollar) before the new foreign exchange policy came into existence lost approximately N348.6bn...
The naira crashed by 31 per cent to 288.85 against the United States dollar on Monday at the close of trading at the newly established interbank...
Nigeria is allowing its struggling currency, the naira, to trade freely in a move to tackle the financial crisis in Africa’s most populous nation. Financial blogger...
Shortage of dollars to fuel importers might be another factor to return the nation under the siege of long queue even after petrol price has been...
Removal of fuel subsidy is having more negative effect on the value of naira as the country’s currency now weakens to U.S. dollars to the tune...