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...

The  naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market. This came as...

The naira yesterday appreciated to N1,580 per dollar in the parallel market from N1,590 per dollar on Monday. Similarly, the naira yesterday appreciated N1,560.57 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data...

The Senate Ad-hoc Committee probing how the N30tn Ways and Means loans were obtained from the Central Bank of Nigeria and spent by the former President Muhammadu Buhari-led administration says it has uncovered some...

The House of Representatives has urged the Federal Government to ban and criminalise the importation of Adire/Kampala and other locally produced fabric imitations into the country. The house said the move became necessary to...

The Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn loans to address the challenges facing Internally Displaced Persons and their host communities, as well as...