Foreign Exchange rates

Nigeria Spends $3bn Monthly On Imports – CBN

Nigeria’s Foreign Reserves Dip By $77.23m Amid FX Crisis

In the ongoing battle to stabilize Nigeria's foreign reserves, figures from the Central Bank of Nigeria revealed a decline of about $77.23 million

Emmanuel Ochayi

11 months ago

Breaking: Senate Confirms Cardoso As CBN Governor, 4 Deputies

Business

CBN Sustains Market Intervention To Stabilize Exchange Rates, Announces New Measures

In its half-year financial markets report, the Central Bank of Nigeria (CBN) revealed that it has maintained efforts to alleviate demand pressures and ensure exchange rate stability. Mr. Fola Shonubi, the then

Emmanuel Ochayi

1 year ago

Naira Slips Again As Dollar Supply Drops

Business·Markets

Naira Now Undervalued – Bank Of America

Following the floating of the naira in the foreign exchange market, the Bank of America (BoA) says the local currency has moved from being overvalued to undervalued. The American multinational investment bank

Victor Ezeja

1 year ago

Naira Strengthens To N1,576 As Dollar Supply Rises

Business·Currency

High Demand Pushes Up Dollar Rate In Official Channel, Naira Gains In Black Market

The FMDQ Exchange disclosed that the official exchange rate between the naira and the dollar rose on Thursday, 19 January 2023, as the local currency closed weak. According to data published by

Fakoyejo Olalekan

2 years ago

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Nigeria’s Foreign Reserves Dip By $77.23m Amid FX Crisis

CBN Sustains Market Intervention To Stabilize Exchange Rates, Announces New Measures

Naira Now Undervalued – Bank Of America

High Demand Pushes Up Dollar Rate In Official Channel, Naira Gains In Black Market

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