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The naira appreciated against the US dollar at the Investors and Exporters window on Thursday to close at N411/$1.
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The purpose of the CBN directive was to implement the January 31 deadline.
According to Aminu Gwadabe, President of the Association of Bureau De Change Operators of Nigeria (ABCON), the Central Bank of Nigeria’s (CBN) foreign exchange...
Forex traders said the fall is because of the sustained scarcity of the dollar.
Guaranty Trust Holding Company Plc (GTCO), Africa’s leading financial services institution, has been named Nigeria’s strongest brand and Best Banking Brand by Brand Finance...
On May 21, 2024, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its 295th meeting with a pivotal decision:...
The naira appreciated against the US dollar at the Investors and Exporters window on Thursday to close at N411/$1.
The naira depreciated against the US dollar at the Investors and Exporters window on Tuesday to close at N411.67/$1.
The naira remained stable against the US dollar at the Investors and Exporters window on Friday to close at N410/$1.
The target of the CBN are Nigerians in the diaspora who they want to offer N5 for every $1 remitted to Nigeria.
To be eligible, the diaspora remittances need to be processed and received from one of the registered IMTOs and funds received into a Bank...
Timi Agama, head of registration, exchanges, market infrastructure and innovation department of SEC said the world cannot be moving forward while Nigeria remains static.
Ari Aisen, IMF resident representative for Nigeria, said many central banks all over the world have taken a similar stance on cryptocurrency.
The world’s largest cryptocurrency, garnered renewed interest in January when Musk began to tweet and about his investment.
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N409.67/$1.
The West African nation’s currency has been devalued twice since March last year.