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The Naira depreciated by over 40 percent in the first half of 2024 in the foreign exchange market. FMDQ data showed that the Naira weakened to...
The Central Bank of Nigeria (CBN) has instructed banks not to utilize such foreign exchange revaluation gains to pay dividends or meet operating expenses. The apex...
The Major Energies Marketers Association of Nigeria (MEMAN), representing the major downstream marketers, has expressed concerns about the potential difficulties in the distribution and supply chain...
Nigeria’s currency, the Naira, has recorded a new low value against the US Dollar at the parallel market. Reports obtained by Naija News showed that the...
The Central Bank of Nigeria (CBN) has distanced itself from reports claiming that it has initiated new policy actions in Foreign Exchange Market. Naija News reports...
The Nigerian currency, Naira drops in value against the US Dollar on the floor of the foreign exchange market on Friday as investors trade in millions....
Former presidential candidate Professor Pat Utomi has stated that policies of the Central Bank of Nigeria (CBN) is responsible for the collapse of naira. The CBN had...
The Central Bank of Nigeria, CBN, has vowed to prosecute Olumide Oniwinde Adedotun the founder of AbokiFX. Naija News reports that this was made known by...
The Central Bank of Nigeria (CBN) has commenced an investigation into companies involved in illegal foreign exchange transactions. Naija News reports that a total of 71...
Nigeria’s foreign reserve recorded a progressive growth within the last 7 days as it increased $70m from $35.59bn as of August 20 to $35.66bn on August 27,...
The Central Bank of Nigeria (CBN) has intervened in the wholesale segment of the foreign exchange market, supplying about $100 million to dealers in that window....