foreign exchange

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has taken a swipe at economic analysts relying on the parallel market to determine the foreign exchange rate. He spoke Tuesday during a virtual monetary policy committee…

The Central Bank of Nigeria (CBN) has approved an upward review of the trading margin for operators of Bureau De Change (BDC) in the country by N3. The acting Director, Corporate Communications, CBN, Mr Isaac Okorafor, in a statement on…

The Central Bank of Nigeria (CBN) has made it mandatory for all the Bureau de Change (BDCs) operating in Nigeria to access Foreign Exchange from it thrice a week. A statement from the CBN acting Director, Corporate Communications, Mr…

Financial experts have diagnosed plausible reasons for the steady depreciation of the nation’s currency in spite of series of interventions by the Central Bank of Nigeria (CBN) in the foreign exchange market. The experts told the News…

Transactions sustained positive trend on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation growing by N208 billion amid gains by cement, banking and consumer goods stocks. The News Agency of Nigeria (NAN) reports…

The naira on Thursday continued to fall against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency lost one point to exchange at N368, weaker than N367 posted on Wednesday, while the Pound…

The naira on Monday depreciated further against the dollar at the parallel market, exchanging at N367 to the dollar. The News Agency of Nigeria (NAN) reports that the Nigerian currency lost one point from N366 posted on Friday, while the…

The naira on Wednesday appreciated against the dollar at the parallel market, exchanging at N363 to the dollar from the N364 posted on Tuesday. The pound sterling and the Euro closed at N477 and N428 to the naira, respectively. At the…

The Naira on Wednesday appreciated marginally against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained 50k to exchange at N362.50, stronger than N363 posted on Tuesday, while the…

The Naira on Monday appreciated against the dollar at the parallel market, the New Agency of Nigeria (NAN) reports. The Nigerian currency gained two points to exchange at N365 to the dollar, stronger than N367 it traded on Friday, while…

The Central Bank of Nigeria (CBN), in continuation of its drive to ensure liquidity and stability in the foreign exchange (Forex) market, has injected the 195 million dollars into various segments of the inter-bank foreign exchange market.…

The National Assembly will seek special dollar exchange rate for both Christian and Muslim pilgrims, a member of the House of Representatives (APC-Sokoto), Dr Balarabe Salame, has said. Salame, who is also the Chairman, House of…

The Federal Government says it is targeting about eight billion dollars as annual foreign exchange from the exportation of yams to other countries if its yam export programme succeeds. Chief Audu Ogbeh, the Minister of Agriculture and…

The Federal Government says it is targeting about eight billion dollars as annual foreign exchange from the exportation of yams to other countries if its yam export programme succeeds. Chief Audu Ogbeh, the Minister of Agriculture and…

Following its 800 million dollars intervention in the inter-bank Foreign Exchange (FOREX) Market last week, the Central Bank of Nigeria (CBN), on Monday, injected 195 million dollars into the market to meet the requests of customers in the…

The Central Bank of Nigeria (CBN) on Monday intervened in the inter-bank Foreign Exchange market to the tune of 413.5 million dollars to further shore up the international value of the Naira. The CBN acting Director, Corporate…

Following the fluctuations in forex and international crude oil prices, the ex-depot price of diesel has dropped by over 30 percent between February and June 2017. As a deregulated product, the price of diesel is controlled by the market…