A Federal High Court in Abuja has granted an interim order sought by the Economic and Financial Crimes Commission (EFCC) to freeze at least 1,146 bank...
After days of depreciation, the naira bounced back against the US dollar in the parallel market. A Bureau De Change operator, Mistila Dayyabu, said in an...
Governor Sheriff Oborevwori of Delta State has said that fixing the refineries in Nigeria will save the country from spending foreign exchange on fuel importation. Governor...
The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that the anti-graft agency has discovered another worse scheme other than what...
Nigeria targets up to $30 billion from its inaugural foreign currency-denominated bond issuance planned for June, 2024. Patience Oniha, Director-General of the Debt Management Office, disclosed...
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The Naira on Monday appreciated at the official market, trading at N1,136.04 to the dollar. Data from the official trading platform of the FMDQ Exchange revealed...
The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the FMDQ...
The Association of Bureaux de Change Operators of Nigeria (ABCON) has proposed that the Central Bank of Nigeria (CBN) issue a directive requiring non-oil exporters to...
The Naira appreciated N351.12 against the US Dollar in the foreign exchange market in the last one month. This is according to FMDQ data on the...
The naira continued its appreciation against the US dollar on Tuesday at both official and parallel foreign exchange markets. FMDQ data showed that the naira appreciated...
The Central Bank of Nigeria (CBN), led by Governor Olayemi Cardoso, is actively investigating irregular foreign exchange transactions and forward contracts valued at approximately $2.4 billion....
A financial analyst, Kalu Aja has said the Naira appreciation in the foreign exchange market is due to FX intervention by the Central Bank of Nigeria...
Download Here The National Hajj Commission of Nigeria, (NAHCON) has declared an increase in the fare for the 2024 Hajj pilgrimage to Saudi...
The Naira experienced a slight appreciation at the official market, trading at N1,431.49 to a dollar on Friday. Data from the official trading platform of the...
President Bola Tinubu has said the Federal government will henceforth patronise made in Nigeria goods as part of its strategy to further strengthen the Naira, urging...
Nigerian banks said evidence of a recent three-year tax clearance certificate is now a prerequisite for banks’ consumers seeking foreign exchange. Standard Chartered Bank disclosed this...
The Independent Hajj Reporters (IHR), a faith-based Civil Society Organisation (CSO), has urged the federal government to make its stand on whether pilgrims would be given...
The Central Bank of Nigeria (CBN) has implemented several measures aimed at arresting the free fall of the Naira against major foreign currencies, notably the US...
The Central Bank of Nigeria (CBN), on Wednesday, slashed the exchange rate for computing Customs duties at the nation’s seaports and airports by 0.76 per cent.The...
The operatives of the Edo State Police Command have arrested 10 illegal forex operators, also known as Bureau de Change, in the state. DAILY POST reports...
The Central Bank of Nigeria (CBN) has said sellers of Foreign Exchange of $10,000 and above to Bureau De Change (BDC) operators must declare the source...
The Special Adviser to President Bola Tinubu on Information and strategy, Bayo Onanuga, has called for the ban of Cryptocurrency and Foreign Exchange (Forex) platforms operating...
Many Nigerians have never been this hopeless as they are now with the Bola Tinubu administration. Following the removal of the fuel subsidy on May 29,...
The Central Bank of Nigeria has in the past week issued series of circulars aimed at boosting liquidity in the foreign exchange market as well as...