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Naira down by 0.31%, trades N1, 421/$ at official market

The Naira traded for N1,421.06 to the dollar at the official market on Wednesday.Data from the official trading platform of the FMDQ Exchange, which...
Business

Amid FX reserves depletion, CBN to sell $10,000 to BDCs at N1,021/$

Amid a depleting foreign exchange FX reserve, the Central Bank of Nigeria has announced the resumption of sales of dollars to Bureau De Change...
News

EFCC warns schools, hotels, others against charging in dollar

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has warned schools, supermarkets, hotels, and others in the country against charging...
Business

Nigeria’s FX reserve dips by $1.02b in 18 days as CBN continues to defend naira against dollar

By: Babajide OkeowoFollowing the resumption of sales of dollars to Bureau De Change (BDCs) operators in a bid to defend the domestic currency against...
Business

Naira up by 0.32%, exchanges for N1,251/$ at official market

The Naira traded for N1,251.05 to a dollar at the official market on Friday.Data from the official trading platform of the FMDQ Exchange, a...
Business

Naira up by 1.23%, exchanges for N1,262/$ at official market

The Naira ended at N1, 262.85 to a dollar at the official market on Wednesday.Data from the official trading platform of the FMDQ revealed...
Business

Naira falls by 0.7%, exchanges for N1, 309/$ at official market

The Naira exchanged for N1, 309.39 to a dollar at the official market on Thursday.Data from the official trading platform of the FMDQ revealed...
Business

Naira up by 6%, closes N1, 300/$ at official market

The Naira appreciated against the dollar by 5.97 percent at the official market on Wednesday.Data from the FMDQ trading platform revealed that Naira appreciated...
Business

US investors shun Nigeria as capital importation dips from $67m to $8m in Q4 2023

In a development that belies the much-vaunted US-Nigeria economic relationship, fresh data from the National Bureau of Statistics has shown that capital importation from...
Business

Challenging times ahead as IMF predicts Nigeria’s foreign reserves to drop to $24bn in 2024

Nigeria may be heading for a challenging time ahead in 2024 and 2025 if the latest reports by the International Monetary Fund (IMF) is...
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