Ghana’s local currency, the cedi, continues to strengthen against major trading currencies, particularly the US dollar, at several forex bureaus. In November, the cedi closed at…
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The naira showed further improvement against the dollar on Wednesday in the parallel foreign exchange market. Alhasan Abubakar, a Bureau de Change operator in Wuye Zone…
The naira made further gains against the dollar on Tuesday, strengthening in both the official and parallel foreign exchange markets. According to FMDQ data, the naira…
The naira began the week on a positive trajectory, appreciating against the dollar in the official market. According to FMDQ data, the currency strengthened to N1545.10…
The Nigerian Exchange Group (NGX Group), through its regulatory arm, NGX Regulation Limited (NGX Regco), imposed 3,792 regulatory actions on erring trading license holders over 13…
The Central Bank of Nigeria (CBN) has reaffirmed that the old ₦1000, ₦500, and ₦200 banknotes remain valid as legal tender, addressing misinformation about their status.…
The naira weakened against the dollar on Friday in the foreign exchange market, ending the week on a negative trajectory. According to data from the Central…
The naira to dollar exchange rate has plunged to approximately N1,745 per dollar on the parallel market, a significant drop from the sub-N1,600 levels seen at…
The House of Representatives has called on the Central Bank of Nigeria (CBN) to resolve the ongoing cash shortage in commercial banks, which is disrupting economic…
The Central Bank of Nigeria (CBN) has refuted claims of selling foreign exchange (FX) to eligible bureau de change (BDC) operators at a rate of N1,301…