Following recent gains in the country’s currency, the Naira, Nigeria’s Central Bank (CBN) has claimed that over $1.5bn came into the Nigerian economy over the past...
According to Fitch Ratings, a credit rating firm, the Central Bank of Nigeria’s proposed foreign currency gateway bank could negatively affect the liquidity of Nigerian banks....
In both the official and parallel markets for foreign exchange, the value of the Nigerian naira continued to fall on Friday. Friday’s closing price on the...
Fitch, a global credit ratings agency, has said that Nigeria’s Central Bank is still having trouble getting enough funds to clear its foreign exchange backlog. Last...
Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has carried out a raid on the headquarters of Dangote Industries Limited in Ikoyi, Lagos, amidst...
A fall in Nigeria’s foreign reserves by $1.6 billion to $32.97 billion has been observed since the country’s central bank’s recent efforts to unify foreign exchange...
The Nigerian government claims it is working on policies that will strengthen the Naira amid devaluation of the currency. Special Adviser to the President Tinubu on...
As part of measures to ensure liquidity in the country’s forex market, the Nigerian government has began engagement with persons hoarding the dollar, as well as...
The Malawian Reserve Bank has revealed that the country is facing acute shortages of foreign exchange currency, forcing two international airlines to suspend some of their...
Sierra Leone Petroleum Regulatory Agency has revealed that the country will no longer provide foreign exchange for mining companies and other large businesses to import oil...