Forex
Naira Experiences Slight Appreciation Against Dollar, Closing Trading Week at N1,534.72
In a positive turn of events for Nigeria’s currency market, the Naira finished the week with a modest gain against the U.S. dollar....
Nigeria’s Forex Inflows Dip Amidst Shifting Dynamics and Naira Stability
New data released by the Central Bank of Nigeria (CBN) reveals a slight downturn in net foreign exchange inflows into the Nigerian economy,...
Naira Plummets to N1,600: CBN Blames Global Economic Shifts, US Tariffs
The Nigerian naira has experienced a sharp decline, reaching approximately N1,600 to the US dollar, a development the Central Bank of Nigeria (CBN)...
Nigeria’s Economic Future: NESG Unveils ‘Arc of the Possible’ Strategy Amidst Reform Challenges
The Nigerian Economic Summit Group (NESG) has launched its “Arc of the Possible,” a comprehensive strategy designed to steer Nigeria’s economy towards sustainable...
Africa Currency Marketplace: PAPSS to Revolutionize Cross-Border Trade
The Pan-African Payments and Settlement System (PAPSS) is set to launch “The Africa Currency Marketplace” this year, a groundbreaking initiative designed to dismantle...
Naira Paradox: BDCs Hesitate as Parallel Market Dips Below Bank Rates
A curious twist has emerged in Nigeria’s foreign exchange market, leaving Bureau De Change (BDC) operators in a precarious position. The Association of...
Nigeria Economy on Upward Swing: Inflation Down, Optimism High
The Nigerian economy appears to be charting a course toward recovery, with key indicators suggesting a positive shift. Central Bank of Nigeria (CBN)...
Forex Speculation: CBN Tightens Grip on Bureau de Change Operators
The Central Bank of Nigeria (CBN) has taken a significant step to curb forex speculation and stabilise the naira by issuing new guidelines...
CBN Extends FX Sales to BDCs Until May 30th to Ease Retail Demand
The Central Bank of Nigeria (CBN) has extended the lifeline for Bureau de Change (BDC) operators, allowing them to continue purchasing foreign exchange...