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CBN ends export proceeds extension from January 8. Non-oil: 180 days, Oil: 90 days repatriation rule. Dealers must ensure compliance with the directive. The Central Bank...
Court upholds jurisdiction in Emefiele’s $4.5bn, ₦2.8bn fraud case. Four charges dismissed; 22 counts remain. Trial adjourned to February 24, 2025. An Ikeja Special Offences Court...
Instability in Naira continues FX Crisis Deepens in the country CBN promises to proffer Solution to the crisis The value of the Nigerian currency the...
Nigeria’s forex inflows rose 41% YoY to $79.8B in 2024, with strong growth in autonomous and CBN sources. Net inflows via autonomous sources grew 73%, while...
Naira closes 2024 at N1,538.25 per dollar in the official market, gaining N0.30. Black market rate improves by N12 to N1,655 per dollar. Year-on-year, the naira...
Afrinvest projects Naira at N1,804 per dollar by 2025 due to FX volatility. CBN faces challenges in meeting foreign exchange demand. EFEMS introduces relative stability amid...
Top 10 Currencies in Africa Giving Dollars a Good Run US Dollars Adoption For International Trade Libyan Dinar Africa’s Strongest Currency Overtime the US Dollars a...
The naira appreciated by N135 against the dollar, closing at N1,640 in the parallel market on Monday. In the official market, the naira strengthened to N1,539.55...
The naira declined against the dollar in both the official and parallel foreign exchange markets, closing the week with a downward trend. According to FMDQ data,...
The naira strengthened against the dollar on the parallel foreign exchange market on Wednesday. Bello, a Bureau de Change operator at Garki, Abuja, confirmed to EKO...