According to a statement released by the Central Bank of Nigeria on Monday, it has inked a deal with the International Finance Corp to reduce foreign...
A recent survey by Reuters has suggested that the Zambian, Kenyan, Ugandan, and Ghanaian currencies might all be edging towards stability in the coming weeks, while...
Nigeria’s reserves have increased steadily, reaching $34.14 billion on Friday after increasing by 4.06% from $32.74 billion on June 3, 2024, according to figures released...
Amidst the volatility around the Nigerian currency and its foreign exchange market, the Association of Bureaux De Change Operators in the country has revealed plans for...
According to the Central Bank of Nigeria (CBN), the big drop in the country’s foreign exchange reserves was not due to the defence of the Naira....
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...
On Sunday, August 15, 1971, the United States economy was literally facing a firing squad. The Dollar was in a mess. Price gougers were everywhere, and...
The Acting Director of Corporate Communications of Nigeria’s Central Bank, Hakama Sidi-Ali, has confirmed it settled almost $2 billion of forward liabilities in the past three months. The...
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...
Africa’s payment cards and digital tokens brand, Verve has partnered with one of Nigeria’s financial institutions, Sterling Bank to launch its first line of Naira credit...