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CBN gives BDCs approval to buy $25k weekly from banks

The Central Bank of Nigeria (CBN) has granted eligible Bureau De Change (BDC) operators in the country temporary access to the Nigerian Autonomous Foreign...
Business

Tinubu sets ambitious N1,500/dollar exchange rate target for 2025 budget

President Bola Tinubu has set an ambitious target of stabilizing Nigeria’s exchange rate at N1,500 to the dollar as part of his administration’s economic...
Business

Economist Says Naira Appreciation Victory For Nigerians

An economic expert, Vangawa Bolgent has declared the present appreciation of the Naira over the US Dollar a victory for the Nigerian people.Bolgent spoke...
Business

Nigerian govt issues nine-month ultimatum to those keeping dollars outside banking system

The Federal Government has issued a nine-month ultimatum to individuals keeping dollars outside the banking system.If brought in now, the Nigerian government assured that...
Business

Capital import, diaspora remittance boost FX flows by 55% in six months —CBN

The Central Bank of Nigeria has disclosed that capital importation and diaspora remittances have boosted the net foreign exchange flows into the country which...
Business

CBN approves sale of dollars to eligible BDCs at N1,450/$1

In a bid to meet the demand for foreign exchange transactions, the Central Bank of Nigeria (CBN) has approved the sale of foreign exchange...
Business

Naira slumps marginally against dollar, trades N1, 483/$1 at official window

The Naira slumped marginally against the United States dollar in the first official trading session after the Eid-El-Kabir holidays on Wednesday.Data from the Nigerian...
Business

Naira trades N1,482/$1 at official window

The naira depreciated against the United States dollar on Friday to trade at N1, 476.24/$1. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM)...
Business

Naira trades N1,473/$ at official market

The Naira traded N1, 473.66 to a dollar at the official market on Tuesday.Data from the official trading platform of the FMDQ Exchange showed...
News

Naira trades N1,483/$ at official market

The Naira traded at N1, 483.99 to a dollar at the official market on Friday.Data from the official trading platform of the FMDQ Exchange...
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