Data indicates that on Monday, the Naira experienced a 6% depreciation against the Dollar, reaching N1,234.49 to $1. FMDQ Exchange data, which monitors the Nigerian Autonomous Foreign…
Browsing: foreign exchange
The Central Bank of Nigeria this week sold up to 86 million dollars in the spot market in its first sale of dollars in the market…
The Nigerian government is optimistic about a substantial increase in foreign exchange (forex) supply into the economy, thanks to the current measures in place. Discussing the…
The Central Bank of Nigeria (CBN) on Sunday said that it had disbursed about $61.64 million to foreign airlines through various Deposit Money Banks (DMBs) in…
Burundi’s central bank has suspended the licenses of all foreign exchange bureaus in the country, in a move to weed out those flouting official exchange rates.…