Tag: forex
Naira rebounds as CBN sells forex to BDCs at N1,251/$1
As the naira gradually appreciates against the dollar after months of unprecendented uncertainties, the Central Bank of Nigeria (CBN), on Monday, announced ...Naira rebounds to N1,400/$ as speculators offload forex
The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a ...Forex: Binance crypto trading platform to pay FG $10 billion fine
The Federal Government has slammed $10 billion fine on crypto trading platform, Binance, over allegedly influencing the country’s forex crisis. The special ...Reduce forex demand, increase oil output, governors advise FG
Members of the Nigeria Governors’ Forum say there is a need to address the connection between food inflation, naira depreciation and rising ...Banks ration forex sales as scarcity bites
Banks have begun to reduce approval requests for Personal Travel Allowance and Business Travel Allowance to legitimate users. The legitimate users will ...Forex demand intensifies as Naira slides to N683/$ at black market
Foreign exchange continues to be scarce as the naira dropped to N683 per dollar at the parallel section of the foreign exchange ...Naira now 620/$ at ‘black market’ amid surge in forex demand
The naira, on Thursday, fell to N620 per dollar at the parallel market amid the lingering scarcity of the greenback. The figure ...Debt, inflation, forex killing economy – LCCI
The Lagos Chamber of Commerce and Industry has warned the Federal Government to find urgent solutions to the issues of Nigeria’s growing ...Airfares increase by 52% over forex, jet-A1 crisis
The National Bureau of Statistics data has revealed that the average airfare paid by passengers on specified routes for a single journey ...
The Editorial is a Platform for factual and precise news updates. Available to the readers 24/7 globally