Foreign airlines operating in Nigeria have begun to unblock their low-priced fares on Nigerian routes as the Central Bank of Nigeria completes the payment of about $7bn backlog, which includes over $700m unremitted ticket...

The exchange rate between the naira and the dollar closed at N1,300 per dollar on Wednesday on the official market, which analysts say is the strongest performance against the dollar in eight weeks. Information...

The top five banks have a shortfall of N1.5 trillion to meet the new minimum capital base announced yesterday by the Central Bank of Nigeria, CBN for international commercial banks. In a statement yesterday,...

Contrary to the report making the rounds on X (formerly Twitter), Bureau De Change operators said there was no truth in reports that the dollar is now selling at N1,000 at parallel market. There...

The Abuja foreign exchange market is experiencing a period of volatility following recent announcements by the Central Bank of Nigeria (CBN). Inconsistent pricing and cautious optimism characterize the parallel market, where traders are grappling...

The Central Bank of Nigeria has issued a circular to Bureau De Change operators informing them of the sale of $10,000 to each BDC at a rate of N1,251/$1. This was contained in a...

A review of the performance of multinational corporations and big indigenous firms operating in the country for the financial year ended December 2023 have shown that they recorded a combined Foreign Exchange, forex, losses...

The pressure on individuals, banks and Bureaux de Change (BDC) operators to offload their excess dollars and other foreign currencies is not about to wane as the raft of policy measures introduced by the...

The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market. This came as Presidency warned currency speculators to desist from unpatriotic act...

The Presidency has assured Nigerians that the Naira will soon appreciate. President Bola Tinubu’s special adviser on information and strategy, Bayo Onanuga, urged speculators to quickly dump their dollars to avoid “tears.” Onanuga who...