Neimeth International Pharmaceuticals Plc plans to restructure its foreign currency-denominated debts after incurring N2.03 billion in foreign exchange, or FX, losses. Speaking to the media about the development, Pharm. Valentine ...
Nigeria’s foreign exchange (FX) reserves have increased significantly by $621.2 million over a 10-day period, attributed to the successful sale of a domestic dollar bond. As of September 12, 2024, ...
The Nigerian official foreign exchange (FX) market experienced a substantial downturn, with turnover plummeting by 42.92% on Monday, June 3, 2024. It seems traders and financial institutions cautiously approached the ...
The Central Bank of Nigeria (CBN) has denied claims that it is selling foreign exchange (FX) to bureau de change (BDC) operators at a rate of N1,001 every $1. The ...
Nigeria's foreign exchange (FX) reserves have decreased by approximately $1.02 billion over an 18-day period as the Central Bank of Nigeria (CBN) intensifies its efforts to support the naira. As ...
Some businesses under the aegis of the Organised Private Sector of Nigeria are considering taking legal action against some commercial banks for not honouring forex requests which have lingered over ...
The Central Bank of Nigeria (CBN) has taken a decisive step to address the persistent distortions in Nigeria’s foreign exchange market, aiming to narrow the widening gap in exchange rates. ...
The value of Nigeria’s non-oil export revenue recorded a marginal decrease to $4.5bn in 2023, the Nigerian Export Promotion Council has said. The drop represents a $300m or 6.3 per ...
The Central Bank of Nigeria (CBN) has disbursed $61.64 million to foreign airline operators through various Deposit Money Banks (DMBs), as part of its commitment to clearing the backlog of ...
On December 20, 2023, the forex turnover in Nigeria saw a decline of 21.45%, totaling $181.30 million, accompanied by a depreciation of the Nigerian naira against the dollar. The official ...
Copyright © 2025
