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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 rose to N1,534.56 at the official market, gaining N6.8. Black market rate held steady at N1,660 per dollar. Economist says N1,500 exchange rate target depends...
Naira appreciated to N1,538.23 per dollar on the official market, gaining N0.02. Parallel market rate fell to N1,665 per dollar from N1,655–N1,660. Tinubu pledges naira stability,...
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...
The exchange rate between the naira and the US dollar fell to approximately N1,745/$1 on the parallel market on Wednesday, marking a sharp decline from the...
The federal government is proposing that the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Port Authority (NPA) shift to collecting charges, fees, fines,...
The FMDQ forex market recorded a turnover of just $61.9 million, marking the lowest since January 2024. This figure is the second-lowest daily average turnover this...
EFCC targets BDC operators in major Nigerian cities. Raids have disrupted trading and contributed to the naira’s high exchange rate. The Association of Bureau De Change...
EFCC apprehends 34 individuals for suspected involvement in forex fraud in Abuja. Coordinated sting operation targets currency speculation activities impacting Nigeria’s economy. Arrests underscore EFCC’s commitment...
Experts foresee mid-year price drop, offering hope amid high living costs. Calls for CBN to lower dollar rate and consumer protection efforts aim to ease financial...