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Naira trades N1, 339/$ at official market

The Naira traded for N1, 339.33 to a dollar at the official market on Tuesday.Data from the official trading platform of the FMDQ Exchange...
News

Naira appreciates by 9.7% against dollar at official market

The Naira on Monday experienced huge appreciation at the official market, trading at N1,339.33 to the dollar.Data from the official trading platform of the...
Business

See the requirement to apply for N2.5 million BoI, SMEDAN loan

The Bank of Industry and the Small and Medium Enterprises Development Agency of Nigeria have signed a new dealThe deal involves offering a single-digit...
Business

How dollar supply rose in the official foreign exchange market

The Nigerian forex market experienced a surge in the dollar by over 200% in the official market, leading to the naira’s appreciationThe Nigerian currency...
Business

Why the CBN banned street trading of foreign currencies

The Central Bank of Nigeria has issued a directive to Bureaux de Change operators on street tradingThe bank’s director of risk management, Blaise Ijebor,...
Business

Naira up by 0.22%, trades for N1,465/$ at official market

The Naira traded for N1, 465.68 to a dollar at the official market on Tuesday.Data from the FMDQ Exchange revealed that the local currency...
Business

See latest naira to dollar exchange rate at black market

Bureau de Change (BDC) traders in Lagos have set a new exchange rate for the dollar for Nigerians looking to buyThe latest exchange rate...
Business

How dollar crashed in the official and parallel markets

The Nigerian currency, the naira, experienced some breather in all segments of the foreign exchange markets on Friday, May 17, 2024The naira appreciated by...
Business

SEC director reveals how Binance P2P feature was used to devalue Naira

A director at the Security and Exchange Commission (SEC), Abdulkadir Abbas, has revealed how cryptocurrency exchange platform, Binance Holding Limited, used its Naira peer-to-peer...
Business

Former Stanbic IBTC chairman explains how to save naira from falling against dollar

The founder of Stanbic IBTC has faulted the current CBN's strategy of saving the naira against the dollarAccording to Peterside, the CBN will...
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