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FG Hints at New Strategy to Stabilise Naira, Address Forex Supply

A key member of President Bola Tinubu's administration, Ben Akabueze, has stated that Nigeria's economic stability hinges on foreign loans and investments.

Washington , United-states , Edun , Nigeria-general- , Nigeria , Kashim-shettima , Ben-akabueze , Victor-enengedi , Bola-tinubu , International-monetary-fund-world-bank , Budget-office-of-the-federation , Development-assistance

Report: Naira Faces 2 New Threats As Dollar Value Rises in Official and Unofficial Markets

In recent days, the Naira has depreciated against the US dollar in the official markets after weeks of an unprecedented rally, causing concern among Nigerians.

United-kingdom , Nigeria , Lagos-state , Lagos , Nigerian , Kashim-shettima , Stanley-nkwocha , Dave-ibemere , Bloomberg , Nigerian-autonomous-foreign-exchange-market , Twitter , Goldman-sachs

Naira Loses Ground Against The Dollar as CBN Speaks on Forex Sale to BDCs

The Nigerian currency, the naira, has crashed against the US dollar as speculations are rife that the CBN is defending the naira with FX reserves

Nigeria , Nigerian , Olayemi-cardoso , Pascal-oparada , Pinterest , Instagram , Central-bank , Bureau-de-change , Leaders-awards-present-entrepreneurs , Change-nigeria , Cbn-central-bank-of-nigeria , Aira

FG Speaks on Reopening Borders as Price of Rice, Sugar, Others Crash in Market

The federal government is contemplating reopening its borders with neighbouring Niger and Benin republics as it continues negotiations with the affected countries.

Nigeria , Benin , Niger , Abuja , Abuja-federal-capital-territory , Nigerian , Bola-tinubu , Olayemi-cardoso , Zainab-iwayemi , National-single-window , Nigeria-customs-service , Presidential-steering-committee

BDCs Send Message to CBN on Use of Foreign Currency as Collateral as Naira Opens Strong Against USD

The Association of Bureau de Change Operators of Nigeria (ABCON) has thrown its weight behind CBN's policy banning banks from using FX as collateral.

South-africa , Nigeria , Nigerian , Pascal-oparada , Olayemi-cardoso , Aminu-gwadabe , Central-bank , Bureau-de , Governor-of-the-central-bank , Bureau-de-change , Leaders-awards-present-entrepreneurs , Change-nigeria

Dollar Inflow Into FX Market Surges to Highest in 3 Years, Report Shows Top Sources

Foreign exchange inflow into the foreign exchange market in Nigeria hit a three-year high in March 2024 at $3.75 billion as against the $2.5 recorded in February.

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"Naira to Trade Below N1,000/$": Nigerians React as BDCs Begin Quoting Dollar at New Rate

The dollar purchase rate for Bureau de Change operators (BDCs) was recently further depreciated by the Central Bank of Nigeria (CBN) to N1,101 per dollar.

Agbado , Ekiti , Nigeria , Nigerian , Nigerians , Adetona-adedeji , Anderson-ross , Bola-tinubu , Zainab-iwayemi , Bureau-de , Central-bank , Zenith

Naira Performs Better in Black Market Than Official Window as It Gets New Ranking in Africa

The Nigerian currency, the naira, has continued its positive trajectory against the US dollar, outperforming the expectations of research organisations worldwide.

United-kingdom , Nigeria , Nigerian , British , Aminu-gwadabe , Chidi-chikere , Pascal-oparada , Bureau-de , Goldman-sachs , Central-bank , Leaders-awards-present-entrepreneurs , Change-nigeria

Jubilation as CBN Crashes Dollar Price For BDCs, Sets New Rate to Sell to Nigerians

The Central Bank of Nigeria (CBN) has reduced the dollar buying rate for BDC operators to N1,101 per dollar and asked them to sell at the new rates.

Nigeria , Nigerian , Pascal-oparada , Aminu-gwadabe , Central-bank , Bureau-de , Bureau-de-change , Bureaux-de-change-operators , Cbn-central-bank-of-nigeria , Aira ,

"Safe to Predict": Tinubu's Govt Shares Fresh Dollar to Naira Exchange Rate Projection

The Bola Tinubu government has unveiled a fresh prediction concerning the naira-to-dollar exchange rate. It projected that the exchange rate would be below N1,000.

Lagos , Nigeria , Abuja , Abuja-federal-capital-territory , Nigerian , Nigerians , Bayo-onanuga , Babatunde-elijah-ayodele , Ridwan-adeola-yusuf , Dada-olusegun , Bola-tinubu , Central-bank