The Nigerian Naira Shows Resilience Amidst Dollar’s Strength
Amidst a whirlwind week of pivotal decisions from central banks worldwide, the Nigerian naira has displayed unexpected strength against the ...
Tag: FX Market
CBN Clears $1.5bn FX Transactions, Eliminates Legacy Backlog
The Central Bank of Nigeria (CBN) has announced the successful resolution of all outstanding foreign exchange obligations totaling $1.5 billion. ...
CBN Slashes Cargo Clearance Exchange Rate by N20.91
The Central Bank of Nigeria (CBN) has announced a reduction in the exchange rate for cargo clearance at Customs area ...
Nigeria’s Foreign Tax Revenue Surges: Doubling Amidst Naira Weakness
Nigeria has witnessed a substantial surge in tax earnings from foreign firms, with figures nearly doubling within the span of ...
Oil Marketers Raise Concerns About Dollarization of Government Charges
Major oil marketers operating under the Major Energies Marketers Association of Nigeria (MEMAN) have voiced grievances regarding the dollarization of ...
Naira Strengthens by 7.62% to N2100 Against British Pound
The Nigerian naira witnessed a remarkable surge on Monday, reaching a peak of N2100 against the Pound Sterling in the ...
CBN Revises Cargo Clearance Exchange Rate to N1515.09/$
The Central Bank of Nigeria (CBN) has implemented a revision in the exchange rate for goods clearance, increasing it from ...
Naira Surges Beyond N1500/$1 as Forex Turnover Declines
The Nigerian naira surged to an intra-day high of N1,582 against the US dollar on Wednesday, marking a significant peak ...
Bitcoin Plummets: Loses $10,000 from January Peak, Dips Below $40K Mark
In a surprising turn of events, Bitcoin, the leading cryptocurrency, witnessed a substantial decline in January, even after the much-anticipated ...
NECA Urges Swift Policy Review and Intervention in Forex Market
Due to the current economic crisis, the Nigeria Employers’ Consultative Association (NECA) has issued a compelling call to the Central ...
