Naira Records Historic Low of N1,830 per Dollar on Black Market
In a significant development, the Nigerian Naira experienced a sharp depreciation on Wednesday, plummeting to an unprecedented low of N1,830 ...
Tag: forex exchange
Otedola Propels Africa’s Richest to $82.4 Billion Valuation
Africa’s wealthiest individuals gauged at a combined net worth of $82.4 billion by Forbes, have recorded gains, thanks to the return of ...
Chinese Yuan strengthens 7.1105 against dollar
The central parity rate of the Chinese currency, renminbi or yuan, strengthened 62 pips to 7.1105 against dollar on Monday, ...
Naira Hits Record Low at N1,680/£1 in Just One Week
In an alarming turn of events, the parallel market exchange rate has experienced a substantial decline, reaching an all-time low ...
CBN Struggles with Forex Backlog: Fitch Unveils Ongoing Challenge
In a recent revelation, credit rating agency Fitch highlighted the ongoing challenges faced by the Central Bank of Nigeria (CBN) ...
