In March 2024, the Nigerian naira showed remarkable strength against the US dollar, appreciating by over N350 on the back of major foreign exchange policy. Official...
President Bola Ahmed Tinubu has unveiled a significant economic strategy, revealing the Federal Government’s plan to secure a minimum of $10 billion. According to the president,...
In a high-profile session on Tuesday, Central Bank Governor, Olayemi Cardoso seized the spotlight in Abuja, delivering a comprehensive briefing to the House of Representatives. His...
In a noteworthy development, the official foreign exchange market experienced a remarkable surge in dollar supply, skyrocketing by an impressive 180.59 percent to reach $440.13 million...
The Naira’s value dropped further, hitting N1,482.57 per dollar in the official foreign exchange market, almost aligning with the parallel market rate of N1,470 per dollar...
At the close of trading in the Nigerian Foreign Exchange market for the year, the naira strengthened to N907.11 per dollar. According to FMDQ data, the...
On Monday, Nigeria’s currency, the Naira, sustained its upward trajectory against the US Dollar in the foreign exchange market. As per FMDQ’s official data, the Naira...
The Presidency has issued a warning to Nigerians hoarding foreign currencies, urging them to cease such actions. The government has hinted at upcoming policies that...
NAFEM witnessed the Naira-Dollar exchange rate reaching its lowest point ever on the official forex market. This represents a massive 20.5% depreciation marking the...
The International Monetary Fund has acknowledged the current pressure on the naira, stating that Nigeria is free to explore a loan from the Fund to...
