The Central Bank of Nigeria (CBN) has introduced a new Foreign Exchange (FX) Code aimed at regulating the foreign exchange market and stabilizing the naira. The guidelines, designed for eligible ...
Nigeria’s major deposit money banks have reported a staggering 141.75% Year-on-Year (YoY) rise in their interest income for the half-year period ending in June 2024 (H1’24). This surge is attributed ...
The dollar to naira exchange rate at the black market, commonly referred to as the parallel market (or Aboki fx), continues to show significant fluctuations. As of today, October 2, ...
The Central Bank of Nigeria (CBN) has approved an additional sale of $20,000 to each eligible Bureau de Change (BDC) operator. This sale will be conducted at a rate of ...
The parallel market, commonly referred to as the black market, continues to serve as an unofficial currency exchange platform in Nigeria, where individuals can trade foreign currency at rates often ...
The Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) has voted to raise the country's benchmark interest rate, known as the Monetary Policy Rate (MPR), to 27.25%. This move, ...
As anticipation builds around the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) meeting today, the Nigerian stock market has continued its bullish trend on the Nigerian Exchange Limited ...
Are you wondering what the Dollar to Naira exchange rate is in the black market, also known as the parallel market? Here's an update on the rates for 21st September ...
The Central Bank of Nigeria (CBN) has restructured the board of Keystone Bank Limited in a bid to bolster the bank's operations and improve governance. In a statement released by ...
The exchange rate between the US Dollar (USD) and Nigerian Naira (NGN) on the black market (also referred to as the parallel market or Aboki FX) continues to be a ...
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