Nigeria's $500 million domestic dollar bond offering will close its subscription period today, Friday, with settlement scheduled for September 6, 2024. The Federal Government of Nigeria opened this bond for ...
The naira depreciated to a new low in July, closing at N1,563.80/$1 on Friday, July 12, 2024, after a brief appreciation period the previous day. According to data from the ...
As of June 2024, the Nigerian Autonomous Foreign Exchange Market (NAFEM) is poised to experience its lowest foreign exchange (FX) turnover in five months, highlighting ongoing dollar liquidity challenges impacting ...
The Central Bank of Nigeria (CBN) has proactively addressed currency fluctuations and met essential foreign exchange demands by issuing a circular to Bureau De Change (BDC) operators. This circular announces ...
The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at N1,251/$. This was contained in a circular made available to The ...
Lai Omotola, the Group Managing Director of CFL Group, has urged President Bola Tinubu to enact an executive order banning dollar cash transactions to salvage the naira from further depreciation. ...
The Nigerian Gas and Oil Suppliers Association (NOGASA) is advocating for government intervention to regulate the price of Automotive Gas Oil (AGO) diesel, suggesting a price cap akin to that ...
The foreign exchange crisis in Nigeria deepened on Thursday as the local currency continued to depreciate, with the dollar reaching N1,600 at the parallel market. This decline follows closely on ...
Nigeria's official market saw the Naira close the week at N1,469.97/$1 amidst persistent demand pressure, marking a strengthening trend against the dollar. Despite the Central Bank of Nigeria's (CBN) efforts ...
International Money Transfer Operators and banks in the country have halted the payment of dollars to their customers. Some banks on Friday informed their customers that they would no longer ...
Copyright © 2025
