The Naira has continued to be in free fall against the Dollar in the foreign exchange market regardless of the increase in FX transaction turnover.Data from…
Browsing: FOREX
The value of the Ghanaian Cedi continues to plummet against major currencies, notably the US dollar, posing a significant challenge to the economy. As of Tuesday,…
Data from the FMDQ has indicated that the Naira depreciated against the Dollar on Monday in the foreign exchange market. The Nigerian currency closed at N1508.99…
On Tuesday, the Naira appreciated to N1,475 per dollar in the parallel market from Monday’s N1,480 per Dollar. However, in the Nigerian Autonomous Foreign Exchange Market…
The Naira fell to N1,520 per Dollar at the Foreign Exchange(FOREX) parallel market on Monday, May 13, 2024. The massive drop signifies a 3.4% decline from…
The National Hajj Commission of Nigeria (NAHCON) has successfully addressed the predicament surrounding the 2024 Hajj fares, amidst uncertainties in financial markets and fluctuating exchange rates.…
The Central Bank of Nigeria reported on Friday that foreign exchange inflows to the country reached $2.3 billion in February, driven by a surge in remittances…
Justice Lewis Allagoa of a Federal High Court in Lagos, on Monday, dismissed the charges against 19 Bureau de Change (BDC) Operators after the case was…
The National Hajj Commission of Nigeria (NAHCON) has established the 2024 Hajj fare at N4.8 million for Muslim pilgrims intending to participate from Nigeria. The fare…
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…